Retail Q3 Results Preview - Mixed-Bag, Bottoming-Out: Dolat Capital

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..Dolat Capital Report.We expect the retail cos under our coverage (Aditya Birla Fashion and Retail Ltd. / Avenue Supermarts Ltd. / Nykaa / Trent/ V-Mart) to report healthy revenue/Ebitda/adjusted profit after tax growth of 20.3/28.9/27.4% YoY on favorable base and festivity. Trent to report strongest operating performance followed by DMart/Nykaa and Aditya Birla Fashion /V-Mart would be weak. TCNS Clothing consolidation to further suppress Aditya Birla Fashion’s performance.  Growth is largely driven by new store additions with same-store sales growth being mixed bag. Festive season had been soft with lower than expected SSSG for most companies versus their own internal expectations. These in turn may impact inventory levels, lead to early end-of-season sale and thus may impact gross margin in future quarters in our view for the apparel companies..Click on the attachment to read the full report:.BFSI Q3 Results Preview - Muted Operating Profits; Steady Growth, Asset Quality Metric: Dolat Capital.DISCLAIMERThis 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.

Retail Q3 Results Preview - Mixed-Bag, Bottoming-Out: Dolat Capital

We like Aditya Birla Fashion from price perspective with business trends hopefully to improvise from hereon and is preferred pick

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