Avenue Supermarts: Pick-Up in Store Expansion Key. Maintain REDUCE
Our inferences from DMART’s FY24 annual analyst meet were threefold – (1) pace of store expansion will be a key monitorable
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Avenue Supermarts - In-Line Print
Avenue Supermarts: Revenue grew 18.4% to INR 137.12bn in Q1. Sales density back to pre-pandemic times (up 4% YoY, ~INR35.62k/sq ft in Q1FY25)
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Avenue Supermarts Ltd (DMart) - Inline Numbers, Expensive Valuation; Maintain HOLD
Financial Performance: DMART’s consolidated revenue in Q1FY25 grew by 18.6% YoY to Rs 14,069 Cr. The growth was largely led by rapid store...
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Avenue Supermarts - Strong Performance Continues
The gap between revenue/sqft (up 6.2% YoY) and revenue/store (up 7% YoY) continued to shrink, indicating an improvement in the share of largeformat...
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Avenue Supermarts Ltd. - Early Signs of Recovery in GM&A; Maintain HOLD
DMART’s consolidated revenue in Q4FY24 grew by 20% YoY (19% on a 4-Year CAGR basis) to Rs 12,727 Cr. The growth was largely led by rapid store...
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