Trending Company D-Mart

D-Mart reports a strong jump in revenues in Q2FY22.

by 5paisa Research Team Last Updated: Dec 12, 2022 - 08:08 am 51.1k Views
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D-Mart reports a strong jump in revenues in Q2FY22.

D-Mart, the one-stop supermarket chain that offers customers a wide range of basic home and personal products like - food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and more at competitive prices.

The company opened its first store in Mumbai in 2002. At the end of Q2 2022, the D-Mart has 246 stores with a Retail Business Area of more than 10 million sq ft (approx) across Maharashtra, Gujarat, Daman, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR, Chhattisgarh and Punjab.

The company has added eight stores in the second quarter of FY2021-22. For the same quarter, it has reported Standalone Revenue from operations at Rs 7,649.64 crore which has seen a jump of 46.6% against Rs 5218.15 crore in the same quarter last year. In the pre-pandemic Q2 of FY 2019-20, revenue from operations stood at Rs 5949.01 crore, the company reported in its regulatory filing.

One of India’s largest retailers, D-Mart is the preferred supermarket of lower-middle, middle, and transitioning middle to upper-middle-income consumers. Its brick to mortar stores is always bustling with customers. By the end of October 2020, it has also forayed into online business to cope with the lockdown restrictions and limited mobility of the public.

The company sees humongous potential on both sides, offline as well as online. And with the post-pandemic surge in the buying due to pent up demand for non-essential goods, fueled by the upcoming festive seasons, the outlook for coming quarters is positive for the company.

The company is currently trading at very rich valuations of 240x Price to Earnings ratio. Also competition from Reliance Groups debut JioMart, Walmart-owned Flipkart and global e-commerce giant Amazon as one of the key risks for Avenue Supermarts, especially in its e-commerce segment.

The stock was trading at Rs 4257.10 up at 0.51% on Monday, October 4, 2021, at 11.02 am. 

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