Retail Sector Q4 Earnings Preview - Healthy Recovery: Dolat Capital

Retail Sector Q4 Earnings Preview - Healthy Recovery: Dolat Capital

A customer pushes a shopping cart (Photographer Dhiraj Singh/Bloomberg)

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Dolat Capital Report

After a healthy bounce back in Q3 FY21, we expect Q4 FY21 to largely continue the momentum with further improvement in revenue growth trajectory.

We estimate a same-store-sales-growth to be flat for Avenue Supermarts Ltd. and ~6% for V-Mart Retail Ltd.

Overall revenues to increase by 12.7% for DMart led by store (area) expansion and 12.9% for V-Mart led by ~6% store area expansion.

Management commentary on -

1. demand trends especially impact if any on account of localized lockdowns,night curfews etc.

2. guidance on store expansion,

3. price increases on account of increase in input costs (cotton/yarn prices especially for V-Mart) are key things to watchout for.

Click on the attachment to read the full report:

Dolat Capital Retail Sector Q4 Results Preview.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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