DMart’s Q3 shows brick & mortar has lots of firepower

Mumbai: One of the largest food and grocery retailers in India, Avenue Supermarts put in a strong show in the December quarter, restoring confidence in its brick and mortar business model, which had come under threat from online players in recent times.After two quarters of decline, its revenue grew 11 per cent while net profit rose 16 per cent, reaffirming that consumers prefer conventional shopping for groceries and food products compared to