Buy Avenue Supermarts, target price Rs 5,300: Motilal Oswal Financial Services

Motilal Oswal Financial Services has a buy call on Avenue Supermarts with a target price of Rs 5,300. The current market price of Avenue Supermarts is Rs 3,580.

Avenue Supermarts, incorporated in 2000, is a Large Cap company with a market cap of Rs 233040.53 crore, operating in Retail sector.

Avenue Supermarts' key products/revenue segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2024.


Financials
For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 14478.02 crore, up 2.60% from last quarter Total Income of Rs 14110.74 crore and up 14.35% from last year same quarter Total Income of Rs 12661.29 crore. The company has reported net profit after tax of Rs 659.44 crore in the latest quarter.

The company's top management includes Mr.Chandrashekhar Bhave, Mr.Ignatius Navil Noronha, Mr.Ramakant Baheti, Mr.Elvin Machado, Mrs.Manjri Chandak, Ms.Kalpana Unadkat. Company has S R B C & Co. LLP as its auditors. As on 30-09-2024, the company has a total of 65 Crore shares outstanding.


Promoter/FII Holdings
Promoters held 74.65 per cent stake in the company as of 30-Sep-2024, while FIIs owned 9.95 per cent, DIIs 7.42 per cent.