Avenue Supermarts: Value Retailing, Robust Long-Term Growth Outlook, Says Axis Securities
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Axis Securities Report
D-Marts’s strong execution capability with a stellar execution track record places it on top of the list among all food and grocery retail players.
A tested business model with consistency in providing the highest discounts on a profitable basis helps D-Mart to outperform the competition.
The company has ramped up its store expansion and its cluster-based expansion aids in trimming costs and supporting margins.
The company has delivered strong growth with a compound annual growth rate of approximately 36%/40%/47% in revenue/Ebitda/profit after tax respectively, over FY12-20.
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