In covid times, DMart's Q3 is as normal as it can get; stock

In covid times, DMart's Q3 is as normal as it can get; stock at new 52-week high


Avenue Supermarts’ Dec qtr is as normal as it can get despite covid
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On Monday, shares of Avenue Supermarts Ltd, which runs the DMart chain of retail stores, touched a new 52-week high in early deals on the NSE
(Mint)
Lower overhead costs and lower level of discounting helped expand the firm’s Ebitda margin
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Avenue Supermarts Ltd, which runs the DMart chain of retail stores, is on the road to normalcy faster than anticipated. The December quarter (Q3FY21) results, announced on Saturday, with standalone revenue growth at 10% year-on-year, are testimony to that. This marks a reversal from the declining trend seen in Q1 and Q2 and by a wide margin at that. Moreover, it also looks good considering that the Q2 results fell short of expectations.

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