Page 6 - Avenue Supermarts

Apparel retailers on weak footing as Covid-related curbs dent sales

Higher raw material costs will put pressure on profitability

Dmart stock gains as Maharashtra lockdowns build pressure on firm: Analysts

As much as 72 per cent of the company's stores reached their full strength almost in December, signaling a recovery

IRCTC, Bajaj Fin: 3 stocks that Nilesh Jain of Anand Rathi is bullish on

Technical indicators RSI and MACD hint of fresh upside momentum in the IRCTC stock

Tata Consumer could become next FMCG scrip added to Nifty: ICICI Securities

Says the firm is on course to replace state-owned Gail India in the widely-followed index during the semi-annual review set for March

Stocks to watch: TCS, Wipro, Avenue Supermarts, Tata Steel, Vedanta, Cipla

Bharti Airtel announced the appointment of Pradipt Kapoor as its Chief Information Officer

After strong performance in Q3, near-term margin worries for Dmart

Supply issues, higher raw material costs are headwinds

Overall sales now trending very close to usual times, says D-Mart

Avenue Supermarts Ltd, which owns and operates the supermarket chain D-Mart, on Saturday said its overall sales and sales mix are now trending very close to usual times

D-Mart's third qtr profit jumps 16.4% to Rs 447 crore; revenue up about 11%

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported an increase of 16.39 per cent in its consolidated net profit at Rs 446.95 crore for the third quarter ended December 2020. The company had posted a net profit of Rs 384.01 crore in the October-December quarter a year ago, Avenue Supermarts said in a BSE filing. Its revenue from operations was up 10.77 per cent at Rs 7,542 crore during the quarter under review as against Rs 6,808.93 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses were at Rs 6,977.88 crore as against Rs 6,325.03 crore, up 10.32 per cent. While on the standalone basis, Avenue Supermarts' net profit was up 19.27 per cent at Rs 470.25 crore as against Rs 394.26 crore of the Q3/FY 2019-20. Its standalone revenue during the quarter was at Rs 7,432.69 crore. Commenting on the results, Avenue Supermarts CEO & Managing Director Neville Noronha said there is further improvement in company's business and

Avenue Supermarts extends gains into fourth straight day, hits record high

Since October 17, 2020, post July-September quarter (Q2FY21) results, the stock of Avenue Supermarts has rallied 43 per cent, as against a 19-per cent rise in the S&P BSE Sensex

Avenue Supermarts hits fresh all-time high on footfall recovery hopes

Shares of the retail giant gain 17 per cent over the last week

Avenue Supermarts gains 5% to hit all-time high; stock surges 16% in 6 days

The stock surpassed its previous high of Rs 2,559, touched on February 13, 2020.

Radhakishan Damani, others sell 0.79% stake in Tata's Trent for Rs 202 cr

Radhakishan Damani, promoter of Avenue Supermarts, and persons acting in concert have trimmed stake in Tata group's retail arm, Trent, by selling shares for an estimated sum of over Rs 202 crore

Avenue Supermarts in focus; stock surges 6%, nears record high

While announcing the September quarter (Q2FY21) results on October 17, the company's management said that month-on-month sales have improved during this quarter.

Nifty outlook & stock picks by CapitalVia: Buy Avenue Supermarts, L&T Info

Avenue Supermarts (DMart) is witnessing a breakout from its bullish flag pattern. Further buying momentum would be witnessed if it moves above 2,300

Avenue Supermarts trades higher for fifth straight day, up 14% in 2 weeks

Analysts believe the gradual unlocking of the nation would lead to positive sales from Q3FY21, supported by improving sales from the general merchandise and apparel category

After muted Q2 show, DMart's sales may gain traction in third quarter

Margin trajectory, however, depends on festival season discounts, share of general merchandise

Avenue Supermarts falls 2% as profit dips 38% YoY in September quarter

Ebitda margin contracted 240 basis points to 6.2 per cent in Q2FY21 from 8.6 per cent in the year-ago quarter

DMart shuts two Mumbai stores to take on Reliance in e-commerce space

Converts outlets into online fulfillment centres; experts say firm had been quietly stitching up a strategy to boost e-commerce operations, push its value proposition aggressively among consumers

Reliance Retail vs DMart: Why UBS thinks RIL may emerge as the winner

ADIA joins the league of Silver Lake, KKR, General Atlantic, Mubadala Investment Company, GIC, and TPG who have cumulatively invested Rs 37,710 crore in Reliance Retail for 8.48 per cent stake

How is DMart planning to take on Mukesh Ambani's Reliance Retail

Ramping up e-commerce operations and going beyond its current strongholds are key challenges for the grocery chain in its battle with Mukesh Ambani's upcoming retail behemoth