Store additions key but margin pressure may continue for Avenue Supermarts
- One of the factors that affected the company’s store additions in FY19 is the delay in getting approvals
- In the past one year, the DMart stock has lost nearly a tenth of its value, suggesting investors have already taken some of these concerns into account
For Avenue Supermarts Ltd, which runs the DMart chain of stores, a slower-than expected pace of store additions in fiscal year 2019 has been a sore point. At its analysts meet last week, the company soothed some nerves by acknowledging that new store additions should improve.
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