scorecardresearchDMart Results: ICICI Securities gives 'buy' rating to Avenue supermarkets post strong earnings

DMart Results: ICICI Securities gives 'buy' rating to Avenue supermarkets post strong earnings

Updated: 11 Jul 2022, 02:32 PM IST
TL;DR.
ICICI securities expect the company’s RoIC (Return on Invested Capital) to improve in the current financial year on the back of dual triggers of enhanced margins and better store throughput.
The company’s EBITDA grew almost four-fold to  <span class='webrupee'>₹</span>1008 crore in Q1FY23 as against  <span class='webrupee'>₹</span>221 crore in the corresponding quarter of last year.

The company’s EBITDA grew almost four-fold to 1008 crore in Q1FY23 as against 221 crore in the corresponding quarter of last year.