Avenue Supermarts’ Q3 margin is the best in quarters. Will the party continue for long?
The company that owns and operates the DMart supermarket chain saw a 47 basis points (bps) year-on-year increase in its Q3 standalone EBITDA margin to 8.4%—a multi-quarter high. This is the first year-on-year increase in EBITDA margin after it had dropped for six straight quarters. The margin expansion can be attributed to the 50 bps…