Avenue Supermarts Ltd (D'Mart) owns & operates India's most profitable supermarket, D'Mart. It provides products like Foods, Non-Foods (FMCG), general Merchandise and Apparel categories under 157 stores (5 million sq. ft). D'Mart continued to report a stupendous earnings growth of 43%YoY for Q1FY19 supported by strong revenue/EBITDA growth of 27%/39% YoY. Recent robust store additions supported growth, added 16 stores in last 2 quarters and is considering leased stores to accelerate growth further. Gross margins improved only 10bps as D'Mart sells at discount prices,...