Mon, Jan 11, 2021
DMart finally hits the growth phase (after a disappointing first half of FY21). The grocer clocked a healthy 10% topline growth (estimate of 8.5%). While gross margin delivery was strong (15.1% vs Expectations of 14.8%), its underpinnings remain weak (on the back of lower discounting in staples). Non-essential sales remain weak. EBITDAM expanded 52/256bp YoY/QoQ to 9.3% courtesy strong cost control. (estimate of 9%). While HDFC Securities increase their FY22/23 EPS estimates by 5-6% resp. to account for marginally higher revenue/sq. ft.
More >
Mon, Jul 24, 2017
Avenue Supermarts, which owns DMart retail chain, posted a net profit of Rs 174.77 crore in Q1, a rise of 47.55% compared to Rs 118.44 crore in the corresponding period of the previous year.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
