Avenue Supermarts Q3 Review - Strong Store Addition To Support Revenue Growth: ICICI Direct

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Avenue Supermarts Ltd. Q3 FY22 results were a mixed bag as margins were tad below estimates. The company reported 22% YoY revenue growth to Rs 9217.8 crore (two year compound annual growth rate: 16%).Gross margins declined marginally to 15.4% on account of unfavorable product mix. However, owing to positive operating leverage, Ebitda margins improved 30 basis points YoY to 9.4%.D-Mart's profit after tax for the quarter grew 24% YoY to Rs 552.0 crore (two-year CAGR: 20%). Store addition trajectory accelerated materially in Q3 FY22 as it added 17 new stores taking total store count to 263 spread across 10.3 million square feet..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Avenue Supermarts Q3 Review - Strong Store Addition To Support Revenue Growth: ICICI Direct

Avenue Supermarts Q3 Review - Strong Store Addition To Support Revenue Growth: ICICI Direct

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