For Quick Alerts
For Daily Alerts

Avenue Supermarts Posts 53% Jump In Net Profit


On Saturday, Avenue Supermarts (D-Mart) reported a 53.3 percent increase in its standalone profit for the December-ended quarter at Rs 394 crore when compared to Rs 257 crore posted for the same period of the previous year.

The company's revenue for the quarter under review stood at Rs 6,752 crore when compared to Rs 5,451 crore a year ago.

Avenue Supermarts Posts 53% Jump In Net Profit

Its EBITDA (earnings before interest, tax, depreciation and amortization) was up from Rs 453 crore to Rs 593 crore on a year-on-year basis in December 2019. EBITDA margin stood at 8.8 percent against 8.3 percent in December 2018.

On a consolidated basis, the supermarket chain's net profit stood at Rs 384 crore for the third quarter of the financial year 2019-20 against Rs 247 crore profit in the corresponding period of the previous year.

PAT (profit after tax) margin for the quarter rose to 5.6 percent from 4.5 percent a year ago.

"Our topline growth was in line with estimates. PAT margin improvement partly reflects the benefit due to revision in corporate tax rates. We have opened 20 stores during the first nine months of this financial year,' said Neville Noronha, CEO and Managing Director of Avenue Supermarts.

Shares of Avenue Supermarts closed 0.45 percent lower at Rs 1872 on Friday.

Read more about: avenue supermarts d mart
Story first published: Saturday, January 11, 2020, 16:44 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more