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Market Outlook: RBI MPC, Q2 results, IIP data key factors to watch next week The market outlook for next week will depend upon RBI MPC meet, IIP data, and the Q2 earnings season will kick off with key companies like TCS, IREDA Tata Elxsi and DMart among others which will drive stock-specific movements.  The broader market's focus will be on the RBI's Monetary Policy Committee (MPC), which is scheduled to meet from October 7 to 9, with the outcome to be announced on Wednesday, October 9. According to the market experts, "The Reserve Bank of Indi...
Market Outlook: RBI MPC, Q2 results, IIP data key factors to watch next week
Market Outlook: RBI MPC, Q2 results, IIP data key factors to watch next week
Source: IANS
2024-10-06 12:34:43 pm
Centre tells retailers to cut prices of pulses as wholesale prices have fallen Department of Consumer Affairs Secretary Nidhi Khare told the representatives of the Retailers Association of India on Tuesday that while the wholesale prices of Chana, Tur and Urad in major mandis had declined by up to 4 per cent in past one month, the retail prices have not seen a similar decline. She pointed out at the meeting that the diverging trends between wholesale mandi prices and retail prices, seem to suggest that retailers are deriving higher profit margins. Considering the ...
Centre tells retailers to cut prices of pulses as wholesale prices have fallen
Centre tells retailers to cut prices of pulses as wholesale prices have fallen
Source: IANS
2024-07-16 05:28:49 pm
DMart posts 22 per cent jump in Q4 net profit at Rs 563 crore Avenue Supermarts, operator of the DMart retail chain, on Saturday, announced a consolidated net profit at Rs 563 crore for the January-March quarter of 2023-24 which represents a 22.4 per cent jump over the corresponding figure of Rs 460 crore for the same quarter of 2022-23. The company's total revenue rose by 20 per cent to Rs 12,727 crore during the fourth quarter from Rs 10,594 crore in the same period last year, according to a filing with the stock exchanges. Earnings before i...
DMart posts 22 per cent jump in Q4 net profit at Rs 563 crore
DMart posts 22 per cent jump in Q4 net profit at Rs 563 crore
Source: IANS
2024-05-05 08:59:36 am
Q-commerce : The disruptive distribution model by Elara Capital The recent trend of on-boarding new categories – Beauty and Personal Care (BPC), D2C brands, apparel – to quick commerce (Q-commerce) platforms is set to challenge incumbent e-commerce platforms/retail giants. Led by convenience-led purchases, Q-commerce plays are also featuring selective white goods (by OEMs). But related offtake may be limited in our view – White goods are high-value, planned purchases and most customers may not want such products within 10-15 minutes. Als...
Q-commerce : The disruptive distribution model by Elara Capital
Q-commerce : The disruptive distribution model by Elara Capital
Source: Elara Capital
2024-04-16 03:45:18 pm
Avenue Supermarts surges on investing Rs 100 crore in Avenue E-Commerce Avenue Supermarts is currently trading at Rs. 3704.25, up by 26.30 points or 0.72% from its previous closing of Rs. 3677.95 on the BSE. The scrip opened at Rs. 3680.15 and has touched a high and low of Rs. 3724.00 and Rs. 3674.00 respectively. So far 3760 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4203.00 on 07-Dec-2023 and a 52 week low of Rs. 3292.65 on 16-Mar-2023. Last one week high and low of the scri...
Avenue Supermarts surges on investing Rs 100 crore in Avenue E-Commerce
Avenue Supermarts surges on investing Rs 100 crore in Avenue E-Commerce
Source: Accord Fintech
2024-02-16 03:12:00 pm
Buy JSW Energy Ltd For Target Rs.4,505 - JM Financial Institutional Securities Limited DMart’s Dec-Q performance was broadly on expected lines after having built in the growth disappointment laid out in the revenue update provided by the company earlier. Sales per store that accelerated somewhat during 2Q seems to be softened a tad again during 3Q – weaker-than-warranted festive offtakes have impacted non-essential sales and salience with consequential impact on margin as well, in our view. Interestingly, however, management commentaries point to a silver-lining on ...
Buy JSW Energy Ltd For Target Rs.4,505 - JM Financial Institutional Securities Limited
Buy JSW Energy Ltd For Target Rs.4,505 - JM Financial Institutional Securities Limited
Source: JM Financial Institutional Securities Ltd
2024-01-30 03:47:12 pm
Buy Avenue Supermarts Ltd For Target Rs. 4,505 - JM Financial Services DMart’s Dec-Q performance was broadly on expected lines after having built in the growth disappointment laid out in the revenue update provided by the company earlier. Sales per store that accelerated somewhat during 2Q seems to be softened a tad again during 3Q – weaker-than-warranted festive offtakes have impacted non-essential sales and salience with consequential impact on margin as well, in our view. Interestingly, however, management commentaries point to a silver-lining on ...
Buy Avenue Supermarts Ltd For Target Rs. 4,505 - JM Financial Services
Buy Avenue Supermarts Ltd For Target Rs. 4,505 - JM Financial Services
Source: JM Financial Services
2024-01-26 12:12:25 pm
Buy Avenue Supermarts Ltd. For Target Rs.4,300 - Geojit Financial Services Ltd. Healthy topline growth, product mix to improve. Avenue Supermarts Ltd. (DMart) owns & operates India’s most profitable supermarket chain, DMart. It provides products like food, non-food (FMCG), general merchandise & apparel through 341 stores (total 14.2mn sq.ft). * We maintain our BUY rating with a revised target price of Rs. 4,300 owing to healthy revenue growth and store additions. * Revenue grew by 17%YoY, aided by store additions, however, profitability was lower (...
Buy Avenue Supermarts Ltd. For Target Rs.4,300 - Geojit Financial Services Ltd.
Buy Avenue Supermarts Ltd. For Target Rs.4,300 - Geojit Financial Services Ltd.
Source: Geojit Financial Services Ltd
2024-01-23 02:24:20 pm
Buy Avenue Supermarts Ltd Target Rs.4,700 - Motilal Oswal Financial Services Ltd Margins shielded through cost control Revival in GM&A category remains a key monitorable * Avenue Supermarts (DMART)’s consolidated/standalone revenue grew 17% YoY, led by 11% store adds. The stabilization in GM&A contribution, combined with controlled costs, cushioned GM, leading to a flat YoY performance – a sign of recovery. Controlled opex resulted in EBITDA/PAT growing by 16%/17% YoY. Revenue/EBITDA/PAT grew by 18%/10%/3% respectively for 9MFY24. * The gap be...
Buy Avenue Supermarts Ltd Target Rs.4,700 - Motilal Oswal Financial Services Ltd
Buy Avenue Supermarts Ltd Target Rs.4,700 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-01-20 02:20:59 pm
India`s Avenue Supermarts shares slip on Q2 profit drop  Shares of Avenue Supermarts, which operates the DMart chain of retail stores, were down 3.6% on Monday after the company posted a drop in second quarter profit.The retailer's standalone profit after tax fell nearly 10% to 6.59 billion rupees ($79.2 million) for the July-September quarter from a year earlier, it said in an exchange filing on Saturday.
India`s Avenue Supermarts shares slip on Q2 profit drop
India`s Avenue Supermarts shares slip on Q2 profit drop
Source: Reuters
2023-10-16 10:15:24 am