The brokerage sees a 24% upside in the D-Mart operator and has assigned an equal weight rating to the stock.
D-Mart has consistently delivered 17-20% revenue CAGR over the past several quarters, driven by 14-15% expansion in its network and retail footprint.
The recent investment in D-Mart Ready to support operations, working capital and expansion is expected to strengthen its position in the competitive online grocery market and deliver long-term benefits.
Improving consumer demand, supported by stable macroeconomic conditions, is expected to aid new initiatives and drive growth in high-margin general merchandise and apparel categories.
The brokerage sees a 24% upside in the D-Mart operator and has assigned an equal weight rating to the stock. D-Mart has consistently delivered 17-20% revenue CAGR over the past several quarters, driven by 14-15% expansion in its network and retail footprint. The recent investment in D-Mart Ready to support operations, working capital and expansion is expected to strengthen its position in the competitive online grocery market and deliver long-term benefits. Improving consumer demand, supported by stable macroeconomic conditions, is expected to aid new initiatives and drive growth in high-margin general merchandise and apparel categories.
