Avenue Supermarts Q4FY22 PAT up 3.13% at Rs426.83 crore as Omicron and supply chain hits operations

17 May 2022 , 06:23 PM

Avenue Supermarts Ltd, the company that owns the D-Mart brand of retail outlets, reported 18.55% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs8,786.45 crore.

On a sequential basis, revenues were lower for the quarter by -4.68%. For full year FY22, the revenues were higher by 28.3% at Rs30,976 crore.

For Q4FY22, the cash from operations were flat due to a spike in inventory costs in the quarter. 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. It has 284 stores spread across India in FY22.

The consolidated net profit for Q4FY22 was up 3.13% at Rs426.83 crore while it was down on a sequential basis by -22.75%.

For the quarter, the lockdowns and supply chain bottle necks hit operations even as inventorying costs were higher. Revenue per SFT has fallen in FY22 to Rs27,454, compared to last 4 years average.

EBITDA margins improved yoy in FY22 from 7.3% to long term median of 8.2%. Net margins were 4.86% in Q4FY22 quarter compared to 5.58% in Q4FY21. NPM was lower as compared to 5.99% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Avenue Supermarts
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 8,786.45	₹ 7,411.68	18.55%	₹ 9,217.76	-4.68%
Net Profit (Rs cr)	₹ 426.83	₹ 413.88	3.13%	₹ 552.56	-22.75%
Diluted EPS (Rs)	₹ 6.54	₹ 6.34		₹ 8.46
Net Margins	4.86%	5.58%		5.99%