Avenue Supermarts Ltd's Q1FY20 standalone net profit rises 33.8% yoy to Rs335.3cr : Beats Estimates

The company’s standalone revenue stood at Rs5,780.5cr, up 26.8% yoy and 14.8% qoq.

July 13, 2019 7:59 IST | India Infoline Research Team

Avenue Supermarts Ltd Q1FY20

Standalone Results Q1FY20: (Rs. in cr)

Q1FY20 YoY (%)
Revenue 5,780.5 26.8
EBITDA 595.9 41.0
EBITDA Margin (%) 10.3 104
Net Profit  335.3 33.8
***EBITDA margin change is bps
Avenue Supermarts reported strong set of standalone numbers for the quarter with profitability ahead of estimates. Company reported revenue of Rs5,780.5cr, up 26.8% yoy and broadly in-line with estimates. EBITDA jumped by 41.0% yoy to Rs595.9cr, ~12% higher than the estimate. In line with the EBITDA growth, EBITDA margin expanded by 104bps yoy to 10.3%. Thus, PAT for the company was up 33.8% yoy to Rs335.3cr, ~10% higher than the estimate.
  • DMart has added eight stores in Q1FY20, large part of it was a spillover from the previous quarter.
  • Operational and distributional efficiencies led to 104bps improvement in the EBITDA margin.
  • Depreciation and interest costs were up by 85.9% and 67.3% yoy, respectively.
  • Other income was 16.2% lower on yoy basis and stood at Rs11.9cr.

Technical View:

Avenue Supermarts Ltd ended at Rs. 1,356.70, down by 15.8 points or 1.15% from its previous closing of Rs. 1,372.50 on the BSE.
The scrip opened at Rs. 1,377.75 and touched a high and low of Rs. 1,389 and Rs. 1,352.85 respectively. A total of 2,92,961 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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