Avenue Supermarts Rating – Buy: Growth was driven by better mobility

Our DMart share upgrade is not only due to the stock having corrected 45% from its highest. A broad market correction (and possibly some technical factors) brings rationality to BAAP (Buy-At-Any-Price) stories. In FY22-24E, we believe that it has value and volume tailwinds: (i) inflation (higher absolute gross profit per unit, operating leverage) and (ii) … Read more

The net result for D-Mart Q4 increased 3.11 percent to Rs 426.75 million.

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, reported on Saturday a 3.11 percent increase in its consolidated net profit to Rs 426.75 crore for the fourth quarter, ending March 2022. The company had delivered a net profit of Rs 413.87 crore in the January-March quarter a year ago, Avenue Supermarts said … Read more

The net result for D-Mart Q4 increased 3.11 percent to Rs 426.75 million.

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, reported on Saturday a 3.11 percent increase in its consolidated net profit to Rs 426.75 crore for the fourth quarter, ending March 2022. The company had delivered a net profit of Rs 413.87 crore in the January-March quarter a year ago, Avenue Supermarts said … Read more

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