The logo of D-Mart, a supermarket concatenation operated by Avenue Supermarts Ltd., is seen connected a buying container successful Thane, Maharashtra, India. (Photographer Dhiraj Singh/Bloomberg)
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Systematix Research Report
Avenue Supermarts Ltd.'s Q2 FY22 gross grew 47% YoY to Rs 76.5 cardinal connected a anemic basal (12% diminution successful Q2 FY21).
Sales betterment was led by higher operational days and normalised store timings owed to the easing of the lockdown restrictions.
Same-store-sales maturation was 23.7% YoY successful September 2021.
Gross borderline expanded 25 ground points YoY to 14.3% connected a favorable merchandise premix (higher stock of apparel and wide merchandise). Ebitda borderline expanded 253 bps YoY to 8.8% (we estimated 9%).
DMart opened 8 caller stores during Q2 FY22, taking the full to 246 stores covering an country of 9.4 cardinal quadrate feet.
DMart Ready income grew ~58% to Rs 1.4 billion; it expanded into Surat and Vadodara.
Click connected the attachment to work the afloat report:
Systematix Avenue Supermarts - Q2FY22 Result Update.pdf
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