11 Jul 2022 , 07:56 PM
On a sequential basis, revenues were higher for the quarter by 14.24%. For Q1FY23, The company added a total of 10 stores and have cumulatively opened 110 stores over the last 3 years.
The best traction in the quarter was visible in the general merchandise and the apparel category. D-Mart has followed the EDLC-EDLP strategy which is about every day low cost and every day low price.
This has ensured value delivery in tough times without compromising on margins.
EBITDA margins for the quarter also improved yoy from 4.3% to a healthy 10%. The performance was helped by the positive growth in productivity in the older stores during the quarter It may still take another quarter for a full recovery from the impact of the pandemic and its aftermath.
Net margins were 6.40% in Q1FY23 quarter compared to 1.84% in Q1FY22. NPM was higher as compared to 4.86% in Q4FY22.
Financial highlights for Jun-22 compared yoy and sequentially
Avenue Supermarts | |||||
Rs in Crore | Jun-22 | Jun-21 | YOY | Mar-22 | QOQ |
Total Income (Rs cr) | ₹ 10,038.07 | ₹ 5,183.12 | 93.67% | ₹ 8,786.45 | 14.24% |
Net Profit (Rs cr) | ₹ 642.93 | ₹ 95.37 | 574.14% | ₹ 426.83 | 50.63% |
Diluted EPS (Rs) | ₹ 9.85 | ₹ 1.46 | ₹ 6.54 | ||
Net Margins | 6.40% | 1.84% | 4.86% |
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