Motilal Oswal Maintains Neutral on Avenue Supermarts, Sets Rs 3,925 Target

Motilal Oswal’s report says Avenue Supermarts’ revenue growth accelerated to about 18% year over year in 2Q, while like-for-like growth recovered to 9.5%. Store additions rose to 15, bringing the total to 518, up 20% year over year. The report’s profit discussion is truncated.