Avenue Supermarts reports 73% rise in Q4 net profit

NEW DELHI: Avenue Supermarts (D-Mart) on Saturday reported 72.9 per cent year-on-year (YoY) rise in net profit at Rs 167 crore for the March quarter.

The food & grocery retailer reported Rs 97 crore profit in the year-ago quarter.

Total revenue for the quarter came in at Rs 3,810 crore, up 22.5 per cent YoY. The company had clocked Rs 3,111 crore sales in the same period last year.


“Deflation in staples, tax rates not being comparable, store addition not in line with expectation and base effect of demonetisation has made March 2018 revenue a little tepid. Grooming talent and store addition shall continue to remain two main challenges as well as focus areas for the Company.”

Ebitda for the quarter rose to Rs 294 crore in March quarter from Rs 208 crore in the corresponding quarter of last year. EBitda margin improved to 7.7 per cent from 6.7 per cent in the yer-ago quarter

The company’s PAT margin came in at 4.4 per cent for the fourth quarter compared with 3.1 per cent in the year ago quarter.

Basic earnings per share (EPS) for Q4FY18 stood at Rs 2.68 against Rs 1.69 in the corresponding quarter last year.