Knives out for DMart on expensive valuation and possible disruption

 NEW DELHI: Radhakishan Damani-led Avenue Supermarts (DMart) reported a 20 per cent plus growth in sales and profit in the December quarter. But that may not be enough to justify the stock’s valuation.

dmart

Analysts said the retailer’s revenue performance was underwhelming despite near-normal operating conditions and significant commodity inflation. Gross margin also failed to pick up amid poor recovery in fashion and general merchandise. Ebitda margin expansion, they said, was driven largely NEW DELHI: Radhakishan Damani-led Avenue Supermarts (DMart) reported a 20 per cent plus growth in sales and profit in the December quarter. But that may not be enough to justify the stock’s valuation.

Analysts said the retailer’s revenue performance was underwhelming despite near-normal operating conditions and significant commodity inflation. Gross margin also failed to pick up amid poor recovery in fashion and general merchandise. Ebitda margin expansion, they said, was driven largely ..

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