Avenue Supermarts - Reaffirmation Of Value-For-Money Positioning : ICICI Securities

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. .ICICI Securities Report.Avenue Supermarts Ltd.’s Q4 was impressive. 6% same store sales growth in January-February reconfirms the (consumer) relevance of value for money positioning, which, in our view, may potentially be a stronger competitive advantage in FY21-23E. Recovery in general merchandise and apparel was pleasing – driving gross and operating margin expansion of 120 and 170 basis points, respectively.That said, operational short-term challenges exist as ~50% of stores are in Maharashtra and Gujarat (limited operating hours). Notable events of FY21 are-it added 22 new stores, inventory days were up (plus six days) converted two stores to e-commerce fulfilment centres, extended DMart Ready (e-com) to general merchandise..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Avenue Supermarts - Reaffirmation Of Value-For-Money Positioning : ICICI Securities

Avenue Supermarts - Reaffirmation Of Value-For-Money Positioning : ICICI Securities

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