NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Avenue Supermarts Ltd.'s consolidated/standalone revenue grew 20% YoY in Q4 FY24, led by 13% area addition and 6% productivity growth. Improved general merchandise and apparel contribution boosted gross margin, resulting in 22% YoY growth in Ebitda/profit after tax (5% miss).
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 large format stores (a positive trend).
Further, healthy cost efficiencies and a recovery in discretionary demand are likely to drive growth.
We have broadly kept our estimates unchanged for FY25E/FY26E. We reiterate our Buy rating on the stock with a target price of Rs 5,310.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
