close
Business

Avenue Supermarts – Long Runway To Growth: 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

We believe Avenue Supermarts Ltd. will gain significantly in FY23 from throughput in stores opened during Covid. We remain confident that the company’s strategy of ‘Everyday Low Prices’ will push sales during current high inflation scenario and will attract the middle-class to organised retail from unorganised retail.

With a strong balance sheet and the efficient execution capability of the management, we expect sustained growth in coming years. We are positive on DMart Ready as sales double in FY22 (Rs 1.4 billion in FY19 to Rs 16.6 billion in FY22), operations extend in 12 cities and pick-up points increase to 519.

Management seems more confident of the scalability of this format, we expect it to achieve sales of Rs 54 billion with Ebitda breakeven in FY25.

Click on the attachment to read the full report:

DISCLAIMER

This 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.





Source link