SELL MUTHOOTFIN BELOW 1488 TRG 1470-1450 SL PAID

SELL MUTHOOTFIN BELOW 1488 TRG 1470-1450 SL PAID | Neal Bhai Reports

Avenue Supermarts Ltd. (DMart) Q1 results depicted impact of a strong second wave with business loss of more days (versus last year) and higher restriction on operating hours/non-essential sales.

However, rising footfalls, vaccination drive, 203% sales growth in DMart Ready and work on new store openings is positive.

Despite near-term challenges, we remain optimistic about the long term potential of DMart on back of:

1. Increasing scale and scope DMart Ready.
2. Extending offerings on DMart Ready app to include general. merchandise, fresh food and vegetable.
3. Growth in general merchandise sales over lower base.
4. Everyday low value focus.
5. Steady store expansion plans.