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This article is more than 9 month old.

D-Mart's Q3 profit rises 16.4% to Rs 447 crore, revenue up 10.8% to Rs 7,542 crore

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D-Mart retail chain operator Avenue Supermarts Ltd, on Saturday, reported a rise of 16.4 percent in its consolidated net profit at Rs 446.95 crore for the third quarter of fiscal 2021. The company had posted a net profit of Rs 384.01 crore in the October-December quarter a year ago.

D-Mart's Q3 profit rises 16.4% to Rs 447 crore, revenue up 10.8% to Rs 7,542 crore
D-Mart retail chain operator Avenue Supermarts Ltd, on Saturday, reported a rise of 16.4 percent in its consolidated net profit at Rs 446.95 crore for the third quarter of fiscal 2021. The company had posted a net profit of Rs 384.01 crore in the October-December quarter a year ago.
Avenue Supermarts' revenue from operations during Q3FY21 increased 10.77 percent to Rs 7,542 crore as against Rs 6,808.93 crore, YoY.
EBITDA rose 15.5 percent to Rs 689 crore as compared to Rs 597 crore, while EBITDA margin expanded by 30 bps to 9.1 percent from 8.8 percent, YoY.
Total expenses were at Rs 6,977.88 crore as against Rs 6,325.03 crore, up 10.32 percent.
On the standalone basis, Avenue Supermarts' net profit was up 19.27 percent at Rs 470.25 crore as against Rs 394.26 crore of the Q3FY20. Its standalone revenue during the quarter was at Rs 7,432.69 crore.
Avenue Supermarts CEO and managing director Neville Noronha said there is further improvement in the company's business and financial metrics during this quarter helped by festive sales.
"Our overall sales and sales mix are now trending very close to our usual times except for specific customer consumption changes post COVID-19. Apparel, laundry, footwear, travel and such relevant out of home usage categories are taking more time to recover, he added.
However, December month did not trend as well as the festival months of October and November. Two years and older D-Mart stores did 96 percent of December 2019 sales in the month of December 2020. We have 162 stores that are 2 years or older, he added.
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