Consumer Discretionary Margin Recovery to Lag that in Topline
Recovery trends in discretionary categories are healthy; Our discretionary universe is expected to clock 11/2% revenue/EBITDA growth YoY (partly...
312 Views
Not a BAAP story (please allow us to repeat an acronym which we coined in July 2020)
Consensus (continues to) believe that DMart is a linear and secular growth story. We disagree. This analyst's >20 years Consumer experience...
374 Views
Avenue Supermarts: Strong Performance; Rich Valuations Limit Upside
Robust store operating metrics (breakeven in 18-24 months of its operations and one of industry best revenue per sq ft: Rs 32000+) Q2FY22 Results:...
232 Views
Avenue Supermarts: Priced to Perfection; Downgrade to Sell
We revise our estimates leading to an upward revision in our target price to Rs 3,600/share (prev Rs 3,110) valuing at 45x FY24E EV/EBITDA. We...
185 Views
HSIE Results Daily: Avenue Supermarts
We maintain our SELL recommendation on DMART with a revised DCF-based TP of INR 2,700/sh (earlier 2,260/sh), implying 35x Dec-23E for the...
162 Views