DMart Q4 net profit rises 21.4% at Rs 203 crore but margins remain weak

DMart has seen a sharp recovery in profit growth in Q4 compared with Q3

Avenue Supermarts, which operates the DMart chain of stores in the country, reported a 21.4 per cent year-on-year net profit growth and a 32.1 per cent year-on-year revenue growth for the quarter ended March 31, 2019, (Q4) at Rs 203 crore and Rs 5,033 crore, respectively.

The numbers were broadly in line with Street estimates. 

A poll by analysts of Bloomberg had pegged net profit at Rs 211 crore and revenue at Rs 5,122 crore for the quarter under review.

Earnings before interest, tax, depreciation and amortisation (Ebitda) for Q4 was at Rs 377 crore, up 27.9 per cent over the year-ago period