Avenue Supermarts Ltd (DMart) owns & operates India's most profitable supermarket, DMart. It provides products like Food, Non-Food (FMCG), General Merchandise & Apparel through 196 stores (total 6.97mn sq. ft). Q3FY20 revenue grew by ~24%YoY and PAT grew by 53%YoY. Strong PAT growth was on account of reduction in corporate tax and improvement in margins. Gross margin expansion continued for the last 3 quarters (30bps in Q3FY20). DMart added 7 stores in Q2FY20, above expectation. Total 20 stores...