External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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>Our inferences from DMART’s FY24 annual analyst meet were threefold – (1) pace of store expansion will be a key monitorable, the bottleneck being the availability of unit economics-friendly real estate.</li><li>Currently primed to add 40-45 stores annually. This could keep the ask from SSSG for growth high (HSIE: 18% CAGR over FY24-27) in a disinflationary environment.</li><li>(2) GM profile likely to be stable (14-15%) while focus will be to improve revenue/SKU, ergo sourcing margins which could then be passed on to end consumer to earn higher sales density. </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>

Our inferences from DMART’s FY24 annual analyst meet were threefold – (1) pace of store expansion will be a key monitorable, the bottleneck being the availability of unit economics-friendly real estate.Currently primed to add 40-45 stores annually. This could keep the ask from SSSG for growth high (HSIE: 18% CAGR over FY24-27) in a disinflationary environment.(2) GM profile likely to be stable (14-15%) while focus will be to improve revenue/SKU, ergo sourcing margins which could then be passed on to end consumer to earn higher sales density. 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: Pick-Up in Store Expansion Key. Maintain REDUCE

Avenue Supermarts Ltd

Avenue Supermarts: Pick-Up in Store Expansion Key. Maintain REDUCE