External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Accelerated ramp-up of online grocery formats (quick commerce) in large metro cities led to deceleration of key growth metrics for DMART: 1) lowest revenue growth (+14% YoY) in a quarter ever, 2) LFL growth at 5.5% vs high-single digits earlier, 3) Footfalls (bill cuts) declined 1% QoQ vs +4% QoQ in base quarter, 4) Revenue throughput per store was flat YoY.</li><li>Retail expansion rate (14% YoY) was stable.</li><li>EBITDA margin was lower by ~30bps due to operating deleverage despite better gross margin (mix-led).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Accelerated ramp-up of online grocery formats (quick commerce) in large metro cities led to deceleration of key growth metrics for DMART: 1) lowest revenue growth (+14% YoY) in a quarter ever, 2) LFL growth at 5.5% vs high-single digits earlier, 3) Footfalls (bill cuts) declined 1% QoQ vs +4% QoQ in base quarter, 4) Revenue throughput per store was flat YoY.Retail expansion rate (14% YoY) was stable.EBITDA margin was lower by ~30bps due to operating deleverage despite better gross margin (mix-led).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Avenue Supermarts - Medium-Term Revenue Growth Rates [likely] Getting Reset Lower

Avenue Supermarts Ltd

Avenue Supermarts - Medium-Term Revenue Growth Rates [likely] Getting Reset Lower