Avenue Supermarts, which operates the retail chain DMart, on May 3, reported a 2.2 per cent fall in standalone net profit at Rs 551 crore for the fourth quarter ended March 2025. Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across markets, including Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh and Daman.
Consolidated resultsThe total revenue for the quarter ended March 31, 2025 stood at Rs.14,872 crore, as compared to Rs.12,727 crore in the same period last year. The Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q4FY25 stood at Rs.955 crore, as compared to Rs9. 44 crore in the corresponding quarter of last year. EBITDA margin stood at 6.4% in Q4FY25 as compared to 7.4% in Q4FY24.
Net Profit stood at Rs. 551 crore for Q4FY25, as compared to Rs. 563 crore in the corresponding quarter of last year. PAT margin stood at 3.7% in Q4FY25 as compared to 4.4% in Q4FY24.
Basic Earnings per share (EPS) for Q4FY25 stood at Rs.8.47, as compared to Rs.8.66 for Q4FY24. The Total Revenue for FY25 stood at Rs.59,358 crore, as compared to Rs.50,789 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in FY25 stood at Rs.4,487 crore, as compared to Rs.4,104 crore during FY24. EBITDA margin stood at 7.6% in FY25 as compared to 8.1% in FY24. Net Profit stood at Rs.2,707 crore for FY25, as compared to Rs.2,536 crore in FY24. PAT margin stood at 4.6% in FY25 as compared to 5.0% in FY24. Basic Earnings per share (EPS) for FY25 stood at Rs. 41.61 as compared to Rs. 38.99 for FY24.
Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said, “ Our revenue in Q4 FY25 grew by 16.7% over the previous year. Profit after tax (PAT) before prior period adjustments declined by 3.4% over the previous year and was not in line with sales growth. Two years and
older DMart stores grew by 8.1% during Q4 FY25 as compared to 10.3% in Q4 FY24. The growth is primarily driven by increased footfalls. Three things have happened during this quarter – (I) increased competitive intensity in the FMCG space has impacted our gross margins; (II) surge in wages of entry level positions due to demand / supply mismatch of skilled workforce; and (III) continued investments in improving our service levels with respect to faster turnarounds on availability, checkouts and future store openings. We also had a larger number of store
openings during this quarter."
Anshul Asawa, our CEO Designate, has joined us in mid-March, 2025 and is going through a detailed
familiarization and understanding of the organization. He should be taking charge of all operational aspects of the retail business in another 4-5 months. This will allow me to dedicate more time on store-opening acceleration, e-commerce capacity build-up and other non-retail aspects of the business."
"Overall business continues to be resilient in metro towns. However, we are doing significantly better in nonmetro towns. We are also having relatively better like-for-like growth in metro towns which have significantly lesser DMart Stores density. While overall gross margins in the matured metro towns will remain soft for a certain period of time, our value positioning is well anchored in the minds of the shoppers of DMart Stores."
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