DMart reported healthy revenue growth of 18%YoY Vs. de-growth in the first two quarters. The overall sales was trending very close to pre-covid levels in the quarter and witnessed revival in discretionary products also, but on account of Covid second wave, significant disruptions have been witnessing since March 2021. ~80% of the stores are operating fewer hours than they normally do. The company has added 13 stores in Q4FY21 (22 stores in FY21 Vs 38 in FY20). The store additions are also likely to be impacted by the second wave in the short-term. However, we do not expect disruption like last year. The recent QIP of Rs.4,098cr will support future growth....