Avenue Supermarts: All engines firing

Strong show on revenues as well as earnings will help sustain high valuations

Sheetal Agarwal  |  Mumbai 

Avenue Supermarts’ results for the March 2017 quarter (Q4) should put to rest concerns about its rich valuations expressed by some market participants. Strong same store sales growth (SSSG) of over 20% plus, over 40% growth in both revenues as well as net profit (over the March 2016 quarter) and stable EBITDA margin were key highlights of the company’s results. The Avenue Supermarts' stock, which scaled to its all-time high on Friday in anticipation of strong results, currently trades at 52 times FY19 estimated earnings. On the basis of FY17 numbers though, the ...

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Avenue Supermarts: All engines firing

Strong show on revenues as well as earnings will help sustain high valuations

Strong show on revenues as well as earnings will help sustain high valuations Avenue Supermarts’ results for the March 2017 quarter (Q4) should put to rest concerns about its rich valuations expressed by some market participants. Strong same store sales growth (SSSG) of over 20% plus, over 40% growth in both revenues as well as net profit (over the March 2016 quarter) and stable EBITDA margin were key highlights of the company’s results. The Avenue Supermarts' stock, which scaled to its all-time high on Friday in anticipation of strong results, currently trades at 52 times FY19 estimated earnings. On the basis of FY17 numbers though, the ... image
Business Standard
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