Bata India, V-Mart Q2 Results Preview - Continue To See A Mixed Recovery: Nirmal Bang

"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..Nirmal Bang Report.We expect Bata India Ltd. to post 28% YoY revenue growth in Q2 FY23 on the back of stores operating without any disruption in the quarter (unlike in the base quarter) and business coming back to normal amid rising ‘return to office’ trend, higher social gatherings (festivals, weddings etc.) and opening of schools and colleges. Revenue would cross pre-pandemic level (Q2 FY20) by ~9%. This revenue growth will still largely be driven by average selling price, but volume contribution will likely be better than what it was in Q1 FY23 (90% of Q1 FY20 level). We expect V-Mart Retail Ltd.’s Q2 FY23 revenue to grow by 38% YoY on the back of a slightly low base, full normalisation of mobility, lifting of restrictions on social and festive events and buying ahead of the festive season in October 2022. Revenue in Q2 FY23 will be 50% higher than the pre-pandemic level of Q2 FY20. Growth vis-a-vis Q2 FY20 will be driven by strong retail area expansion (70%) due to addition of stores and acquisition of ‘Unlimited’ (effective September 01, 2021). .Click on the attachment to read the full report:.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."

Bata India, V-Mart Q2 Results Preview - Continue To See A Mixed Recovery: Nirmal Bang

We expect Bata India and V-Mart to post revenue growth in Q2 FY23 on the back of stores operating.

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Bata India, V-Mart Q2 Results Preview - Continue To See A Mixed Recovery: Nirmal Bang

We expect Bata India and V-Mart to post revenue growth in Q2 FY23 on the back of stores operating.

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