Page 7 - Dmart

DMart slips 15% in 4 days, hits over 3-month low on weak Q1 earnings

The stock has fallen below its QIP issue price of Rs 2,049 per share

Avenue Supermarts dips 6% post Q1 nos; Analysts cut target price up to 34%

The quarter, which was nearly washed-out due to the nationwide lockdown imposed to stem the spread of coronavirus, saw the company's profit after tax margin sliding to 1%, compared to 5.5% in Q1FY20

Traditional Indian firms will fare well

The economy of relationships works differently from the economy of contracts

DMart Q1 net profit tumbles 88% to Rs 40 cr due to Covid-19 lockdown

Owner of Avenue Supermarts reported a profit of Rs 323 crore in the same quarter last year

Radhakishan Damani looks to acquire controlling stake in India Cements

Damani, the owner of Avenue Supermarts, has informally reached out to the cement manufacturer's controlling shareholder

Corona warriors for markets: Ambani, Adani stocks rise most since lockdown

The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.

Dmart stock to hit margin roadblock: Low footfall, high cost to dent profit

Despite the lockdown its March quarter performance was better than expected

DMart Q4 PBT growth slows amid curbs; Ebitda margin contracts by 80 bps

Net profit margin at 4.6% in the March quarter was in line with the number reported a year ago (4%)

Avenue Supermarts now 11th most valued Indian firm by market capitalisation

At close of trade, the company's market capitalisation stood at Rs 1,58,902.37 crore on the BSE.

DMart owner hikes stake in India Cements to 19.9%, stock zooms 13%

Analysts say acquirer may have found the firm attractive at the valuation at which it was available at

The rise of DMart's Radhakishan Damani, who got richer during lockdown

Educated in Mumbai, where his father worked on Dalal Street, Damani dropped out of college after studying commerce for a year.

Covid-19 forces retailers to reassess volume-driven business strategy

Crowd management policy critical; associations turn to government

50% of DMart outlets shut due to coronavirus lockdown: Avenue Supermarts

Footfalls at stores that were open were lower than usual, the company said, pointing to the impact that retail firms, both organised and unorganised, were feeling due to the lockdown

Street signs: Liquidity boost for markets, shares of MNCs, and more

The SBI Cards' IPO closed on March 5, and since then the market has come off 11%

Avenue Supermarts OFS retail portion subscribed more than 3.5 times

The shares of Avenue Supermart were subscribed more than 3.5 times, with investors bidding for 51.8 million shares against 14.8 million shares on offer.

Street signs: Coronavirus scare, arbitrage opportunity in DMart, and more

Experts say people have turned averse to taking out, especially meat products, following the outbreak

DMart share sale sees 3 times subscription, investors bid for 45 mn shares

The stock fell 5.6 per cent to end at Rs 2,401 in secondary market trade. A further 1.5 million shares meant for retail investors will be auctioned on Monday.

Damani, other DMart promoters to offload 2.3% stake through OFS

Following the share sale, Avenue Supermarts, which operates the Dmart retail chain, will become compliant with the 25 per cent public shareholding norms

DMart market capitalisation crosses Rs 1.5-trillion mark; stock rises 8.6%

The Radhakishan Damani-promoted company is now more valuable than Nestle India and Bajaj Finserv, according to the BSE data

What makes DMart tick? Ability to extract more from less, say experts

Firm's unit economics remain strong amid competitive intensity