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Recommendation: Reduce; Target price: Rs 3500
The company reported a consolidated net profit of Rs 623.35 crore for Q2 FY24, marking a 9.09% decrease compared to Rs 685.71 crore in the same period the previous year
Analysts of IIFL Securities visited a store of Zudio, Intune (recently launched format by Shoppers Stop) and DMart in the same micro market, to gather insights in this attractive, but increasingly competitive format.
Recommendation: Reduce; Target price: Rs 3500
Consolidated revenue from operations increased 18.2% y-o-y to Rs 11,865.44 crore.
In the 10th edition of IIFL Securities’ report “Quirks of the Quarter†series, their analysts explore ten themes ranging from sectoral topics such as growth divergence in Food versus HPC, slowdown in Paints, capex increase in QSR to company-specific issues such as ad spends in Dabur, margin in BBQ, Other expenses in DMart, among others.
The company’s standalone revenue from operations for the quarter ended March 2022 rose to Rs8,606.09 crore from Rs7,303.13 crore.
The credit rating agency has withdrawn its rating assigned for the Commercial paper of the company.
The total number of stores as of December 31, 2021, stood at 263.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.