Indiamart reported healthy financial performance for the quarter. However, the paid customer addition remains muted and is a matter of concern. Revenue grew by 5.0% QoQ, to Rs 3,477mn, led 4.1% QoQ increase in annualized ARPU( to Rs 60.8k) and 1% QoQ increase in the number of paid suppliers to 218k. EBITDA margin improved by 264 bps QoQ to 38.7%, led by lower other expenses, down 4.2% QoQ. Paid subscriber addition remained muted, growing by 2k QoQ to 218k. Registered buyers increased by 4mn Q...
Reduce IndiaMart InterMesh Ltd For Target Rs. 3,098 Indiamart reported healthy financial performance for the quarter. However, the paid customer addition remains muted and is a matter of concern. Revenue grew by 5.0% QoQ, to Rs 3,477mn, led 4.1% QoQ incre
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
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