Retail Sector Check - DMart Ready Sustains Competitive Advantage: Prabhudas Lilladher

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.We analysed price trend of 125 products across DMart Ready, Jiomart and Big Basket in key consumer categories of Loose grocery items, dairy, packaged food, beverages, personal care and home care. We observed that out of 125 products that we compared, the price gap (Nov-23 versus Aug-23) between DMart Ready and Big Basket increased for 40% of products, while for Jiomart the trend was mixed with 36%/24% of products seeing gap increase/decrease. DMart Ready continues to remain most competitive in online retail led by- sustained price gap with BB and Jiomart,rising consumer activations and advertising andincrease in delivery charges/higher cart value for free delivery by other channels..We note that e-commerce in grocery and food is witnessing accelerated growth due to rising acceptance of quick commerce. However, quick commerce is gaining ground at the expense of Mom and Pop stores while formats like Hypermarts and online platforms (DMart Ready, Jio, Big Basket, Amazon) continue to cater to monthly/bi-weekly grocery requirements. We expect DMart Ready to sustain strong growth due to sourcing and scale advantages. We expect DMart Ready to report sales of Rs 48 billion with Ebitda loss of Rs 24 million by FY26 with full turnaround by FY28. Retain ‘Buy’ on DMart with discounted cash flow based target price of Rs 4724..Click on the attachment to read the full report:.Life Insurance - Individual WRP For Private Players Flat YoY In November; LIC’s WRP Declined 9.4%: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Retail Sector Check - DMart Ready Sustains Competitive Advantage: Prabhudas Lilladher

We note that Ecom in grocery and food is witnessing accelerated growth due to rising acceptance of quick commerce

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Retail Sector Check - DMart Ready Sustains Competitive Advantage: Prabhudas Lilladher

We note that Ecom in grocery and food is witnessing accelerated growth due to rising acceptance of quick commerce

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