Avenue Supermarts Q3 Review: Strategic Shift To E-Commerce; Inevitable And Positive - Dolat Capital
The logo of D-Mart, a supermarket chain operated by Avenue Supermarts Ltd., is seen on a shopping bag in Thane, Maharashtra, India. (Photographer Dhiraj Singh/Bloomberg)

Avenue Supermarts Q3 Review: Strategic Shift To E-Commerce; Inevitable And Positive - Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Avenue Supermarts Ltd. reported a healthy recovery with revenue/Ebitda/ adjusted profit after tax growth of 10.1/16.6/19.3% YoY. 11/52 basis points gross/Ebitda margin expansion YoY is enticing despite estimated inferior mix.

Meagre one store addition (lowest in 14 quarters) was key negative. DMart’s increased focus on online (Dmart ready) is positive.

Inevitable strategic shift by the company towards online is positive in our view given the pace of e-commerce growth.

Click on the attachment to read the full report:

Dolat Capital Avenue Supermart Q3FY21 Result Update.pdf

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