DMart — 'Ready' For A Long Drive: Prabhudas Lilladher

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Prabhudas Lilladher Report.Avenue Supermarts Ltd. has corrected by 27% from 52-week high due to concerns on-slow post covid recovery in sales parameters,deterioration in sales mix,effectiveness of DMart to face onslaught of online retail on brick and mortar modern trade andsustainability of growth and profitability metrics. We believe that the deterioration in sales parameters is a result of three times increase in stores within emerging clusters and 100% increase in number of stores with less than two years’ vintage, which will correct over time. We remain positive on DMart Ready as it has increased city presence to 22, reduced delivery time to one day with reduction in delivery charges (flat Rs 49 as against 3% earlier). We believe attractive prices and far better consumer proposition than Big Basket (largest online retailer) will enable DMart Ready to turn Ebitda positive by FY25 and profit after tax positive by FY27..Click on the attachment to read the full report:.NTPC - Capacity Addition Provides Long-Term Earnings Visibility: HDFC Securities.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

DMart — 'Ready' For A Long Drive: Prabhudas Lilladher

DMart has a huge growth runway ahead given low probability of heightened competition in modern trade.

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