DMart scales Rs 2 trn market cap after strong festival-driven Q3 show

Upsides could be capped in the near term on margin pressures

Topics
DMart | Markets | market cap

Ram Prasad Sahu  |  Mumbai 

After two quarters of double-digit revenue decline, Avenue Supermarts returned to the growth trajectory, posting better-than-expected performance in the December quarter. Led by festival sales in October and November, the company posted a 10-per cent growth in Q3 over the year ago quarter.

While the company indicated that overall sales and mix are moving towards the pre-Covid levels, the December month was a disappointment with same store sales declining 4 per cent for stores two years and older. About three fourths of its 221 stores have been in operation for more than two years. ...

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First Published: Mon, January 11 2021. 19:16 IST
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