We attended analyst meet hosted by DMart which provided depth on current demand trends and company’s strategy to build on fast growing e-commerce/QCom segment. Management said, (1) with strategy reset (building capabilities), the GM&A category saw sequential improvement, (2) with 341 pick-up locations, DMart ready format is present in 23 cities, (3) despite opening large stores, ~43K Sq.ft area, sales reached to pre Covid levels at Rs32,941/per sq.ft. That said, with 9.9% SSSG in FY...
Add Avenue Supermarts Ltd For Target Rs.5,428 By Centrum Broking Ltd