During a recession, companies that sell low-cost goods tend to outperform those that sell expensive goods on a consistent basis. While the nature of the company's business would suggest that it would be resilient in a downturn, DMART must still deliver on its promises. Groceries account for a significant portion of their revenue, and people will need to eat regardless of the direction of the economy. Gradually DMART is entering into the e-commerce segment as well which can further strengthen its growth.
DMART is expected to pull-back taking support from 200EMA.
- Earnings are forecast to grow 37.97% per year - Earnings have grown 14.5% per year over the past 5 years
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.