Avenue Supermart (D-Mart)
How does management think?
Disclosure: Please note that these are my personal notes and not a recommendation to Buy, Hold or Sell. Do your own due diligence before initiating any position.
In case you want to understand Indian Retail and how does D-Mart’s management think, you need to go through their transcripts.
The below excerpts are based on D-Mart’s Investor Meet in 2023. While its best to read the full in entirety here, the below pointers/highlights should enable you to quickly glance through some of the key observations which I had made:
# Can’t lose much money Vs How much money it will make?
# Acceptance of being lax and having lost a bit of a focus on General Merchandise & Apparel (‘GMA’)
Buffett in his last annual letter to shareholders wrote: “The cardinal sin is delaying the correction of mistakes or what Charlie Munger called ‘thumb-sucking,’” “Problems, he would tell me, cannot be wished away. They require action, however uncomfortable that may be.”















Good assessment and great annotations...must have taken lots of effort to unpack these nuggets of wisdom !!@