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 

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.

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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