In 1QFY22, ASL has shown strong revenue growth of ~33% and adjusted Profit growth of ~138% by Angel Broking Ltd
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Below are Quote on In 1QFY22, ASL has shown strong revenue growth of ~33% and adjusted Profit growth of ~138% by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
Avenue Supermarts: CMP-Rs3,327 Target Price:-Rs3,750
Avenue Supermarts Ltd (ASL) owns and operates the supermarket chain ‘D-MART’. Focused on value retailing, it offers a wide range of fast-moving consumer products, general merchandise and apparel. In 1QFY22, ASL has shown strong revenue growth of ~33% and adjusted Profit growth of ~138%. Going forward, we expect healthy revenue growth on the back of 238 D-MART stores (which are expected to increase further) and offer significant discounts compared to other players. Hence, we are positive on stock.
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