V-Mart Ltd - Demand To Recover Gradually; Maintain BUY
The company’s revenue grew 30% YoY (21% on a 3-Year CAGR) while SSSG grew 10% YoY as it undertook price reduction to drive footfall.
380 Views
Pick of the Week:15 May 2023 - V-Mart Retail Ltd
Higher inflation and increase in prices of essential goods have been impacting overall consumption in rural and smaller towns.
222 Views
Consumer Discretionary - Discretionary Peak Most Certainly Behind Us
Demand peak in discretionary categories seems to be behind us: Our discretionary universe is expected to grow by ~19% YoY (revenue) in Q4FY23 (four...
410 Views
V-Mart Ltd -Remain Cautiously Optimistic; Maintain BUY
Gross margins stood at 35.4% (down 160bps YoY) owing to weak winter sales (higher inventory) and price cuts to attract value customers despite...
222 Views
Consumer Discretionary - Healthy Quarter!
Our discretionary universe is expected to grow by ~14/% YoY (revenue) in Q3FY23 (three-year revenue/EBITDA CAGRs of 17/12% resp)
422 Views