It is not DMART…Comparisons would be just a waste. different business.
Kerala flood hit on revenue - Temporary
No pricing power - drag on margins
Slow down in Real estate, Infrastructure and construction activity.
South focussed
Future Expansion to North and other geos but then expansion comes at a further drag on margins and cost
Management is good and they are conservative in taking debt.
Valuations were overstretched and results were flat to little negative which causing the correction. Its a long term play and if you are after quick money this is not the counter for you. We are at the foundation laying stage of the business.
Disc: Remain invested. No change to holding.