Strong performance continues

06 May 2024
5 Min read 
  • Avenue Supermarts (DMART) reported 20% YoY growth in consolidated/standalone revenue in 4QFY24.
  •  The company added 24 stores in 4QFY24, reaching a total of 365 stores.
  •  GM&A segment's contribution increased, supporting GM and EBITDA growth.
  •  Expect 23% consol. revenue CAGR over FY24-26, supported by 11%/12% growth in footprints/revenue productivity.
  •  The stock has rallied 30% since the last upgrade, and a TP of INR5,310 is assigned.
  •  Financials show a steady growth in revenue, EBITDA, and PAT over the years.
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