Elara Capital initiates coverage on Vishal Mega Mart with a "buy" rating and a Rs 140 target price, citing strong growth potential, efficient operations, and expansion plans. Risks include slower growth and supply chain challenges. Caption: Poised for 19.2% revenue CAGR and loyal customer growth, Vishal Mega Mart targets 846 stores by FY27, backed by efficient operations and mass-market appeal.
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Reported Consolidated quarterly numbers for Avenue Supermarts are: Net Sales at Rs 15,972.55 crore in December 2024 up 17.68% from Rs. 13,572.47 crore in December 2023. Quarterly Net Profit at Rs. 723.72 crore in December 2024 up 4.79% from Rs. 690.61 crore in December 2023. EBITDA stands at Rs. 1,241.38 crore in December 2024 up 7.68% from Rs. 1,152.81 crore in December 2023.
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Reported Consolidated quarterly numbers for PCBL are: Net Sales at Rs 2,010.00 crore in December 2024 up 21.32% from Rs. 1,656.76 crore in December 2023. Quarterly Net Profit at Rs. 93.05 crore in December 2024 down 37.07% from Rs. 147.87 crore in December 2023. EBITDA stands at Rs. 328.43 crore in December 2024 up 14.79% from Rs. 286.11 crore in December 2023.
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