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Avenue Supermarts: Can the value-for-money retailer deliver value to investors?

As infections subsided and like-for-like sales grew strong, the company saw a good recovery in March 2022. With business conditions normalising, we expect to see D-Mart on a strong growth trend again

May 16, 2022 / 10:22 AM IST
Avenue Supermarts: Can the value-for-money retailer deliver value to investors?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

As stated in the pre-quarter business update, Avenue Supermarts Ltd’s (D-Mart; CMP: Rs 3,235; Market cap: Rs 2,09,552 crore) March 2022 quarter performance was affected by restrictions related to the third wave of COVID-19. However, as infections subsided and like-for-like sales grew strong, the company saw a good recovery in the last month of the preceding quarter. With business conditions normalising, we expect to see D-Mart on a strong growth trend again. D-Mart opened record new stores in the fiscal gone...

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