Sanjiv Bhasin’s top 6 midcap picks that may remain unscathed even in run-up to election
Sanjiv Bhasin of IIFL Securities recommends various stocks including PSU pack, Avenue Supermarts, and consumer staples like Bata. He also discusses the potential of EVs in the auto market and the performance of PB Fintech. According to Bhasin, in auto Maruti and as a dark horse Ashok Leyland are our top picks which has forayed very strongly into the bus market on the EV side. Key Points
Economic TimesAvenue Supermarts Q3 results 2024: DMart may report rise in revenue, PAT on operating profit growth
Q3 results 2024: Avenue Supermarts, which operates as DMart, is set to announce its Q3 results today. Experts predict strong growth in operational business and profit, with a 5.95% increase in revenue and a 22.80% increase in profit after tax Key Points
mintD-Mart's Q2 net profit rises 5.8% to Rs 659.4 crore
Avenue Supermarts Ltd reported a 5.78% increase in consolidated net profit to Rs 659.44 crore for Q2 FY 2025. Revenue from operations rose 14.41% to R Key Points
Times Of IndiaDMart Q4 Update: Revenue rises 20% YoY to Rs 10,337 cr; store count at 324
For the third quarter, Avenue Supermarts reported a 7% YoY rise in consolidated net profit at Rs 590 crore. Operating profit, calculated as earnings before interest, tax, depreciation and amortization (EBITDA), rose 11% year-on-year to Rs 965 crore during the third quarter, but operating margin contracted by a sharp 106 basis points to 8.34%. Key Points
Economic TimesStocks to buy: DMart, Cera, La Opala among preferred retail stock picks for up to 33% upside
Within footwear, Metro will outpace Relaxo, Campus and Bata India. Grocery segment is expected to register recovery led by Avenue Supermarts (DMart), Centrum Broking said. Key Points
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DMart Q3 Results: Avenue Supermarts net profit rises 17% to ₹691 crore, revenue up 17% YoY
DMart Q3 Results: Avenue Supermarts reported a 17 per cent rise in consolidated revenue from operations at ₹13,572.47 crore, compared to ₹11,569.05 crore in the corresponding period last year. Key Points
mintDMart’s Q4 net profit rises 7.8 pc to Rs 460 cr, revenue climbs 20.5 pc to Rs 10,594 cr
The company had posted a net profit of Rs 426.75 crore in the January-March quarter a year ago, Avenue Supermarts said in a BSE filing. Key Points
FinancialexpressAvenue Supermarts shares fall 4% as Q2 profit drops. Should you buy, sell or hold?
Avenue Supermarts on Saturday reported a consolidated net profit of Rs 623.35 crore for the quarter ended September 30, 2023, which was down by over 9% from Rs 685.71 crore reported by the company in the corresponding period of the previous financial year. The company which operates DMart reported a consolidated revenue from operations at Rs 12,624 crore which was up by 18.66% from Rs 10,638.33 reported by the company in Q2FY23. Key Points
Economic Times12 out of 15 Damani stocks correct up to 25% from Dec highs. Take a look!
Damanis prominent investments include India Cements with about 21% stake and VST Industries with 31% stake. Besides, he holds over 67% stake in Avenue Supermarts and is the promoter of the DMart supermarket chain operator. Key Points
Economic Times