Page 5 - Avenue Supermarts
D-Mart Q1 profit jumps six-fold to Rs 642.89 cr, sales almost double
Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported over six-fold jump in its consolidated net profit to Rs 642.89 crore for the quarter ended on June 30, 2022, helped by a "very good recovery" in overall sales and a comparative low YoY base. The company had posted a net profit of Rs 95.36 crore in the April-June quarter a year ago, said Avenue Supermarts in a BSE filing. Its revenue from operations was up 93.66 per cent to Rs 10,038.07 crore during the quarter under review against Rs 5,183.12 crore in the corresponding quarter last fiscal. According to the Damani family-promoted supermarket chain, its Q1FY23 results are not comparable with the corresponding quarter of the last fiscal, which was impacted by the second wave of Covid-19. Commenting on the results, Avenue Supermarts CEO & Managing Director Neville Noronha said, "There has been a very good recovery of overall sales. However, this quarter's performance is not comparable to the same .
 "D-Mart Q1 profit jumps six-fold to Rs 642.89 cr, sales almost double")
Stocks to Watch Today: Cipla, RIL, PNB, Reliance Power, Metals, Restaurants
Stocks to Watch Today: Shares of metal companies are also to be in focus as copper prices fell to 17-month lows amid new COVID restrictions in China, slowing global manufacturing activity and a jump i
 "Stocks to Watch Today: Cipla, RIL, PNB, Reliance Power, Metals, Restaurants")
Valuation hurdle stiff for DMart despite 26% correction since January
Store additions strong while same store sales declined in Q1
 "Valuation hurdle stiff for DMart despite 26% correction since January")
D-Mart Q1 reports almost two-fold rise in revenue to Rs 9,806.89 crore
This is also helped by a comparatively low base of the pandemic impacted the corresponding quarter.
 "D-Mart Q1 reports almost two-fold rise in revenue to Rs 9,806.89 crore")
Avenue Supermarts shares rally over 10% after net profit rises in Q4
Shares of Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Monday rallied over 10 per cent after the company reported a 3.11 per cent increase in consolidated net profit in Q4
 "Avenue Supermarts shares rally over 10% after net profit rises in Q4")
DMart Q4 results: Standalone net profit rises 7% to Rs 466 crore
Standalone revenue rose 18% to Rs 8,606 cr
 "DMart Q4 results: Standalone net profit rises 7% to Rs 466 crore")
Avenue Supermarts hits over 8-month low; slips 12% in two days
In the past six months, the stock has underperformed the market by falling 26 per cent as compared to a 10 per cent decline in the S&P BSE Sensex.
 "Avenue Supermarts hits over 8-month low; slips 12% in two days")
Muted fourth-quarter show to may cap upsides for Avenue Supermarts
Growth in the quarter has largely come from store additions
 "Muted fourth-quarter show to may cap upsides for Avenue Supermarts")
Stocks to Watch: DMart, IOC, SML Isuzu, Maruti, HAL, Fertilisers, IT shares
IT stocks are likely to be in focus ahead of the earnings season and likely benefit from the India-Australia trade deal.
Anand Rathi says 'buy' Avenue Supermarts, Eicher Motors: Here's why
According to Mehul Kothari of Anand Rathi, traders can buy Avenue Supermarts near the 4,150-mark with a stop loss of 3,950 for upside target of 4,550 in 3-5 weeks.
 "Anand Rathi says 'buy' Avenue Supermarts, Eicher Motors: Here's why")
DMart slips 8%, hits over 3-month low; down 12% in 3 days post Q3 results
The management indicated that it continues to monitor the current situation, wherein the trend in sales and footfall will depend on any local pandemic related restriction on trade activities.
 "DMart slips 8%, hits over 3-month low; down 12% in 3 days post Q3 results")
Analysts bearish on Avenue Supermarts post weak Q3 result; see 32% downside
Moderation in growth trajectory going ahead, owing to Covid-related disruptions, along with extremely stretched valuations, cap near-term upside in the stock price
DMart Q3 results: Standalone net profit rises 24.6% to Rs 586 cr
Standalone revenue rose 22% to Rs 9,065 crore
D-Mart reports 21.96% increase in revenue at Rs 9,065.02 cr in Q3
The company had revenue from operations of Rs 7,432.69 crore in the October-December quarter a year ago, Avenue Supermarts informed BSE in a regulatory filing
Vinay Rajani recommends buying these stocks; hold Nifty with stop at 18,000
The technical analyst from HDFC Securities suggests that Ashok Leyland has one of the strongest set-up on the charts in the auto space
 "Vinay Rajani recommends buying these stocks; hold Nifty with stop at 18,000")
Avenue Supermarts hits valuation hurdle, stock at 124 times FY23 earnings
Margin disappointment weighs on stock, which has gained 47% in 3 months
 "Avenue Supermarts hits valuation hurdle, stock at 124 times FY23 earnings")
Sensex gains 460pts; Nifty atop 18,450; D-Mart tanks 8%, Vedanta zooms 13%
Stock market LIVE: The markets marched higher for the seventh straight day on the back of upbeat sentiment and hopes of strong Q2 by India Inc. Metals, PSU banks and sugar stocks logged smart gains
 "Sensex gains 460pts; Nifty atop 18,450; D-Mart tanks 8%, Vedanta zooms 13%")
D-Mart rallies 11%, hits new high on healthy operational performance in Q2
ICICI Securities said it continue to remain structurally positive on the stock, however it believes recent appreciation of the stock price factors in most positives.
 "D-Mart rallies 11%, hits new high on healthy operational performance in Q2")
Sensex snaps 4-day losing streak, ends 534 pts up; Nifty tad below 17,700
Stock market LIVE: Sectorally, all the indices were in the green, led by the Nifty Realty index (up 3.5 per cent)
 "Sensex snaps 4-day losing streak, ends 534 pts up; Nifty tad below 17,700")
D-Mart's revenue up 46.6% to Rs 7,649.64 crore in second quarter
Avenue Supermarts, which owns retail chain D-Mart, has reported a 46.6 per cent increase in its standalone revenue from operations at Rs 7,649.64 crore for the second quarter ended September 2021