Page 2 - D-mart

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 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.

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.

D-Mart Q2 consolidated net profit increases twofold to Rs 417 crore

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported a twofold increase in its consolidated net profit to Rs 417.76 crore for the second quarter ended September

Stocks to watch: D-Mart, ZEEL, Federal Bank, Coal India, NTPC, Inox Wind

The owner and operator of 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

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

Stocks to watch: Ami Organics, Vijaya Diagnostic, Infosys, D-Mart, ZEEL

HCL Tech has signed strategic partnership with South Korean company HANCOM for tech solutions.

D-Mart owner Radhakishan Damani is now among world's top 100 richest people

Reclusive investor and billionaire Radhakishan Damani who owns retail chain DMart is now among the 100 richest people in the world

Product mix, margin concerns in the near term for Avenue Supermarts

Q1 revenues, too, were lower than expectations

Disruptions in store operations impacting revenue, says D-Mart

The firm said it may face an excess in inventory

Overall sales now trending very close to usual times, says D-Mart

Avenue Supermarts Ltd, which owns and operates the supermarket chain D-Mart, on Saturday said its overall sales and sales mix are now trending very close to usual times

D-Mart's third qtr profit jumps 16.4% to Rs 447 crore; revenue up about 11%

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported an increase of 16.39 per cent in its consolidated net profit at Rs 446.95 crore for the third quarter ended December 2020. The company had posted a net profit of Rs 384.01 crore in the October-December quarter a year ago, Avenue Supermarts said in a BSE filing. Its revenue from operations was up 10.77 per cent at Rs 7,542 crore during the quarter under review as against Rs 6,808.93 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses were at Rs 6,977.88 crore as against Rs 6,325.03 crore, up 10.32 per cent. While on the standalone basis, Avenue Supermarts' net profit was up 19.27 per cent at Rs 470.25 crore as against Rs 394.26 crore of the Q3/FY 2019-20. Its standalone revenue during the quarter was at Rs 7,432.69 crore. Commenting on the results, Avenue Supermarts CEO & Managing Director Neville Noronha said there is further improvement in company's business and

Amazon, D-Mart lead in customer experience, shows Kantar survey

Flipkart was second in both general retail and fashion retail segments after Amazon

Margin pressure, limited operations under lockdown to continue for D-Mart

Lower sales of discretionary products to weigh on profitability

Avenue Supermarts tanks 5% after update on Covid-19 lockdown impact

The company said nearly 50 per cent of its outlets were closed due to the lockdown and Covid-19 restrictions imposed by local authorities.

Pricing will not win the game in grocery e-tail, says Neville Noronha

When an individual buys a mobile or other electronic item online, they already know the brand and go there for the price

D-Mart hits new high on Goldman Sachs report

The shares of Avenue Supermarts (which runs the D-Mart retail chain) touched an all-time high of Rs 1,217 on BSE exchange before closing at Rs 1,116.8 on Tuesday, 8.5 per cent higher than Monday's close. This is a 273 per cent jump from the Initial Public Offer (IPO) price of Rs 299 in March, taking the company into the club of the 40 most valued Indian companies. At the closing price, it i valued at Rs 69,697 crore and promoter Radhakishan Damani has become the eighth richest Indian, with net worth of $9.4 billion (Rs 61,100 crore), up a notch after Tuesday's gain.The stock gained as global investment banking entity Goldman Sachs said in a report that the retailer was well placed to benefit from the ongoing tax reform, with grocery market share shifting to the organised sector."While Avenue Supermarts maintains low prices (with thin gross margins and light working capital), its CROCI (cash return in capital employed) remains better than global retail peers," says Aditya Soman, ...

Will D-Mart live up to the Street's expectations?

All near-term positives that make Avenue Supermarts an outlier in the retail sector are priced in

Graphic: D-Mart in 50 most valuable club

Becomes 46th most-valued firm on the bourse, with market capitalisation of Rs 62,062 cr

D-Mart hits record high; m-cap swells to Rs 61,731 cr

D-Mart had issued shares at Rs 299 apiece in its initial public offering (IPO) in March