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Avenue Supermart CEO added that while e-commerce is the next big challenge for brick and mortar retail, the quick commerce model could have 'huge scale'.
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The company reported a 20 percent increase in revenue to Rs 12,393 crore in the final quarter of FY24
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The revenue growth is higher than the 18 percent growth in the nine months of FY24, largely led by same-store sales growth of 11 percent, Morgan Stanley has said
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The company also reported in its quarterly business update that the total number of stores as of December 31, 2023, stood at 341.
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JM Financial’s Krishan Parwani is bullish on fluorination companies, as they are expected to benefit from the imminent hydrofluorocarbon (HFC) cuts in the EU and the US
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Can bulls sustain the momentum after Friday's strong come back? Plus, bank stocks to be in the limelight after HDFC Bank's strong show. Stocks in focus are Wipro and Avenue Supermart.
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The hypermarket chain operator reported standalone revenue from operations at Rs 11,304.58 crore for quarter ended December FY23, increasing 25 percent from Rs 9,065 crore in same period last year
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January 2022 started extremely well but then the Omicron wave of Covid‐19 reduced the momentum over the middle of the month, the company added.
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At the current market price, D-Mart’s stock is trading at 111x its FY23 projected earnings. Valuations are at premium but are likely to sustain given the strong growth opportunity over the medium term. Watch the video as we shed light on the key growth levers and industry tailwinds that Avenue Supermarts could gain from.
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Net Sales are expected to increase by 30 percent Y-o-Y (up 25.9 percent Q-o-Q) to Rs 7,788.9 crore, according to KRChoksey.
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Net Sales are expected to increase by 35 percent Y-o-Y (up 38.2 percent Q-o-Q) to Rs 7,163.4 crore, according to KRChoksey.
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D-Mart is amongst the fastest growing retailers with a track record of robust 40 percent earnings (pre-pandemic) over the last eight to 10 years, and the only listed play in the grocery retail segment. At current price, the stock is trading at 86x its FY23 projected earnings and EV/EBIDTA of 56x its FY23 projections. Higher valuations would sustain given the resumption of strong earnings growth. We advise investors to add the stock to the portfolio.
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Net Sales are expected to increase by 46 percent Y-o-Y (up 19.9 percent Q-o-Q) to Rs. 9,041.5 crore, according to KRChoksey.
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D-Mart Q4 revenue growth accelerated on low base and were in line with estimates. However, Q4 store additions have accelerated and have been higher than entire 9MFY21 indicating stronger recovery once the situation normalises.
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DMart's near-term earnings likely to get impacted due to supply side issues in the non-FMCG segment
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Dmart is the best in class retailer, but high valuations cap business upside
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One of the country's largest supermarket chains, 200 DMarts operate across India currently
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Forbes Real Times Billionaires Index released the list of billionaire in India and the net worth value of their wealth. Here is the list of top 10 billionaires in India.
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Damani and family saw their wealth upsurge by close to $96 million as Avenue Supermarts' shares peaked at Rs 2,559 apiece on February 13
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Trends on SGX Nifty indicate a negative opening for the broader index in India, with 0.64 percent loss or 70 points. Nifty futures were trading around 10,944-level on the Singaporean Exchange.
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The global investment bank expects a growth in sales for consumer companies from 4QFY20E partly driven by softer comps
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Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a loss of 11.5 points or 0.11 percent. Nifty futures were trading around 10,313- level on the Singaporean Exchange.
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"The range of 10,300-10,500 levels for the Nifty will be crucial in the current expiry and the move is expected to remain volatile along with negative movement, as indicated by option open interest concentration," says Shitij Gandhi of SMC Global Securities Ltd.
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Ashwani Gujral of ashwanigujral.com recommends buying Tech Mahindra with a stop loss of Rs 588, target of Rs 620, a buy on NIIT Tech with a stop loss of Rs 788, target of Rs 825 while a sell call on Century Textiles with a stop loss of Rs 1190, target of Rs 1130.
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The company’s revenues rose 23 percent at Rs 4,094.8 crore against Rs 3,339.3 crore year-on-year
