Avenue Supermarts: Value Retailing, Robust Long-Term Growth Outlook, Says Axis Securities 
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: 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.

Click on the attachment to read the full report:

Axis Securities Avenue Supermarts Initiating Coverage.pdf

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