×
287
Fashion Jobs
ADIDAS
Senior Manager HR Data
Permanent · CHENNAI
ADIDAS
Profit Protection Specialist
Permanent · GURUGRAM
ADIDAS
Senior Specialist - Finance Operations fp&a
Permanent · CHENNAI
EC COUNCIL
Channel Sales Manager (International Market)
Permanent · Mumbai
CENTURYPLY
Area Sales Manager - Indore
Permanent · Indore
2COMS
District Manager Bangalore
Permanent · Bengaluru
PREMIER CONSULTANTS
Area Sales Manager- Corporate Salary- Mnc Bank
Permanent · Bengaluru
HR INNOVATION GROUP
Production Manager-Machine Shop, Khed Shivapur ,Bus Facility Swarget
Permanent · Pune
CENTURYPLY
Area Sales Manager - Pune
Permanent · Pune
HR CENTRAL
Hiring - Sales Manager- Real Estate Sales-Mumbai
Permanent · Mumbai
GIST MANAGEMENT SOLUTIONS
Area Sales Manager (Mining) For a Construction Equipment CO., Raipur
Permanent · Raipur
COMPLETE RESOURCES
Opening For Area Sales Manager-Cochin,Angamaly,Ernakulum Loc
Permanent · Ernakulam
ADITYA BIRLA FINANCE
Area Sales Manager - Home Loan / Lap - Direct & Dsa - Kolkata
Permanent · Bengaluru
CENTURYPLY
Area Sales Manager - Ghaziabad
Permanent · Ghaziabad
MV SHOES
Wanted Area Sales Manager
Permanent · Hosur
VRB CONSUMER PRODUCTS
Job Opening as Asst Manager Production - Keshwana
Permanent · Keshwana
ADIDAS
Senior Manager - Company Secretary -Aimpl
Permanent · GURUGRAM
L'OREAL GROUP
Product Manager- Kiehl's, Luxury
Permanent · Mumbai
L'OREAL GROUP
Senior Key Account Manager - Ecommerce, Ppd
Permanent · Mumbai
PROPELLANT CONSULTANTS
Area Sales Manager (Biscuit Division)- Vijayawada
Permanent · Vijayawada
G. PULLA REDDY FOODS
Production Manager (Namkeens)
Permanent · Hyderabad
PROPELLANT CONSULTANTS
Area Sales Manager (Biscuit Division)- Hyderabad
Permanent · Hyderabad
Published
Jan 11, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Analysts remain sceptical of Avenue Supermarts' DMart’s recent growth

Published
Jan 11, 2022

Avenue Supermarts' DMart reported over 20% growth in both sales and profit in the financial quarter which ended in December, 2021 but some analysts have termed the business’ performance as underwhelming. 

DMart plans to continue to open new stores across India in 2022 - D-Mart - Twitter


The recent quarter saw businesses enjoy near-normal operating conditions and sizeable commodity inflation which has led some analysts to call DMart’s recent growth too little for its stock market valuation, the Economic Times reported. DMart’s gross margin also failed to grow and its growth in earnings before interest, tax, depreciation, and amortisation was mainly due to operating leverage.
 
“Consensus continues to believe that DMart is a linear and secular growth story but we disagree,” ICICI Securities' Manoj Menon and his team said in a note, ET Bureau reported. 

DMart retails a wide range of value fast-moving consumer goods including apparel and accessories. However, the business’ apparel segment, along with general merchandise, has performed considerably less well than its essentials and groceries segments. The weak performance of the business’ apparel segment has negatively affected its overall revenue and profit margins, the analysts said. Increasing retail restrictions due to Covid-19 are expected to exacerbate this trend of ‘essential’ groceries over apparel. 
 
“In India, nuances matter more,” said Menon. “We disagree with consensus' over-enthusiasm. Watch out for DMart potentially getting disrupted like how India skipped wireline penetration and jumped directly to wireless.”

Copyright © 2023 FashionNetwork.com All rights reserved.