Avenue Supermarts (DMART) 3QFY21 results was better than expectations driven by meaningful recovery during the festive months of Oct-Nov'20. Re-introduction of nightcurfew and weekend closure by the government due to COVID concerns impacted business-recovery during Dec'20. DMART added only 1 store during the quarter. DMART-Ready has been launched in select pin codes of Ahmedabad, Bangalore and Hyderabad. We read this as positive-sign; solving for convenience through disruptive business models is not just a trend but a business reality. Strong recovery during festivals is a testimony that DMART'S business is under no risk due to COVID induced...