Avenue Supermarts, which operates the retail chain DMart, on July 13 reported a consolidated net profit of Rs 773.8 crore for the first quarter of the financial year 2024-25, up 17.5 percent from Rs 658.8 crore in the year-ago period.
The company reported an 18.6 percent YoY rise in consolidated revenue from operations at Rs 14,069.1 crore against Rs 11,865.4 crore a year ago.
Consolidated earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1FY25 stood at Rs 1,221.3crore, as compared to Rs 1,035.3 crore in the corresponding quarter of last year. EBITDA margin stood at 8.7 % in Q1FY25 same as Q1FY24 Rs 13,712 crore, as compared to Rs 11,584 crore
Standalone net profit increased 16.8 percent at Rs 812 crore for Q1FY25, as compared to Rs 695 crore in the corresponding quarter of last year.
Standalone total revenue for the quarter ended June 30, 2024 rose increased 18.3 percent at Rs 13,712 crore for Q1FY25, as compared to Rs 11,584 crore in the corresponding quarter of last year.
Standalone earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1FY25 stood at Rs 1,221 crore, as compared to Rs 1,036 crore in the corresponding quarter of last year. EBITDA margin stood at 8.9% in Q1FY25 same as Q1FY24.
Neville Noronha, CEO & Managing Director of Avenue Supermarts Limited, remarked on the company's performance, stating, “Our revenue for Q1 FY 2025 grew by 18.4%. Contribution from General Merchandise and Apparel continued to improve during the quarter and this is reflected in the gross margin uptick (Q1 FY 2025 vs Q1 FY 2024). We opened 6 new stores during the quarter. Our total stores stand at 371 as on June 30, 2024. Operating costs have gone up due to continuing effort on improving service levels and building capability for the future.”
On July 12, Avenue Supermarts closed at Rs 4,953.35 on the BSE, up Rs 56.35 or 1.15 percent from the previous day.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
