DMart Q1 Update: Revenue Surges 18% YoY to Rs 11,584 Cr

DMart Q1 Update
DMart Q1 Update

by Tanushree Jaiswal Last Updated: Jul 04, 2023 - 06:53 pm 322 Views

Avenue Supermarts, the leading operator of DMart retail chain in India, has announced impressive standalone revenue figures for the first quarter of FY24. The company achieved a noteworthy standalone revenue of ₹11,584.44 crore, marking a significant year-on-year growth of 18.13%. This strong performance highlights the continued success of the company, backed by billionaire Radhakishan Damani.

The latest figures also reveal a remarkable triple-digit growth of 202.21% since the onset of the pandemic in 2020, demonstrating Avenue Supermarts' ability to adapt and thrive during challenging times. The company's regulatory filing indicated a standalone revenue from operations of ₹11,584.44 crore for the quarter ending June 30, 2023, surpassing market expectations.

In comparison to the same quarter last year, Avenue Supermarts experienced a growth of 18.13% from revenue of ₹9,806.89 crore. Additionally, the Q1FY24 revenue increased by 12.07% compared to the revenue of ₹10,337 crore in Q4 of FY23, indicating a strong upward trend.

The company also disclosed its standalone revenue figures for the corresponding quarter in the past three years. In June 2021, Avenue Supermarts generated revenue of ₹5,031.75 crore, showing significant growth from ₹3,833.23 crore in June 2020. These figures underscore the impressive growth trajectory of the company during this period.

With a total of 327 stores operating as of the quarter ending June 30, 2023, Avenue Supermarts continues to expand its presence in the retail sector, solidifying its position as a leading player in the Indian market.

For the full fiscal year FY23, Avenue Supermarts reported a total revenue of ₹41,833 crore, surpassing the previous fiscal year's revenue of ₹30,353 crore. The company's EBITDA for FY23 amounted to ₹3,659 crore, indicating significant growth compared to ₹2,502 crore in FY22. Moreover, the company improved its EBITDA margin from 8.2% in FY22 to 8.7% in FY23, illustrating enhanced operational efficiency.

Avenue Supermarts' net profit for FY23 reached ₹2,556 crore, displaying substantial growth from ₹1,616 crore in FY22. The company's profit margin after tax (PAT) increased to 6.1% in FY23, up from 5.3% in FY22, indicating improved profitability and financial stability.

The company's basic Earnings per Share (EPS) experienced substantial growth, reaching ₹39.46 as of March 31, 2023, compared to the previous fiscal year's figure of ₹24.95. This increase in EPS highlights Avenue Supermarts' ability to generate value for its shareholders.


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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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