Buy Avenue Supermarts, target price Rs 4636: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Avenue Supermarts with a target price of Rs 4636. The current market price of Avenue Supermarts is Rs 4530 time period given by analyst is one year when the company price can reach defined target.
Avenue Supermarts, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 292632.22 Crore) operating in Retail sector.

It's key products/revenue segments include income from retailing and other operating revenue for the year ended March 31, 2022.


Financials
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 10067.21 crore, up 14.15 per cent from last quarter total income of Rs 8819.02 crore and up 93.06 per cent from last year same quarter total income of Rs 5214.58 crore. Company has reported net profit after tax of Rs 642.89 crore in latest quarter.

The company’s top management includes Mr.Ramesh Damani, Mr.Ignatius Navil Noronha, Mr.Ramakant Baheti, Mr.Elvin Machado, Mrs.Manjri Chandak, Mr.Chandrashekhar Bhave, Ms.Kalpana Unadkat. Company has S R B C & Co. LLP as its auditors. As on 30-06-2022, the company has a total of 65 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.59 per cent, DIIs 6.88 per cent.