DMart: Margin miss, slow recovery; Q3 sales lower than expected in fully normal & festive season Avenue Supermarts, which runs DMart chain of hypermarkets in India Q3 revenue grew by 25% y-o-y. Within segments, FMCG/staples grew faster than the higher-margin general merchandise and apparel segment. Discretionary non-FMCG sales were below company’s expectations. Gross margin declined […]
