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 […]
Global investment firm Blackstone-sponsored Nexus Select Trust plans to double its portfolio of shopping malls in next 4-5 years to 20 million square feet through acquisition mode. Nexus Select Trust has acquired 17 shopping malls since the 2015-16 fiscal year and intends to grow its business inorganically. The company has no plans to develop greenfield […]
By Kunal Valia India’s Foreign Exchanges Reserves have come down from USD 630bn in Sep 2021 to around USD 580bn in July 2022. This is on the back of selling in Indian equity markets by FII. FII Sell-off is not just restricted to India but widespread across emerging markets as well as quite a few […]
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