DMart Q4 PBT growth slows amid curbs; Ebitda margin contracts by 80 bps

Net profit margin at 4.6% in the March quarter was in line with the number reported a year ago (4%)

Avenue Supermarts, which runs the DMart chain of stores in India, reported a profit before tax (PBT) of Rs 346 crore for the quarter ended March 31, 2020 (Q4FY20), a year-on-year rise of 9.1 per cent. DMart typically reports double-digit PBT growth every quarter on account of its high efficiency levels.

The slowdown (in PBT growth) has come as the company faced “severe restrictions” because of the nationwide lockdown, announced in the second half of March.

While its top line grew 23 per cent year-on-year to Rs 6,194 crore in Q4, the retailer said in a note on Saturday that March saw