Dmart reported 12.3% yoy decline in 2QFY21 largely on account of slow recovery in footfalls, partial store shutdowns due to local lockdowns and sluggish sales in general merchandise and apparel category.
The past few years have seen the sector and the market leader making losses due to the twin impact of higher fuel prices and eagerness of airlines to increase their network coverage to explore new growth opportunities.
Tata Power laid out its five year target to double its revenues (Rs 289 bn in FY2020) and triple its profits (Rs 12 bn in FY2020), while nearly halving its debt to Rs 250 bn (from Rs 436 bn as of March 2020).
It reflects the impact of a 2.5% constant currency realisation increase APSEZ was still able to take in the quarter. We also note that the sharp volume decline was led by coal and crude, verticals impacted the most by Covid-1