Avenue Supermarts Ltd. Results

9MFY25 & Q3FY25 Result Announced for Avenue Supermarts Ltd.

Department Stores company Avenue Supermarts announced 9MFY25 & Q3FY25 results Q3FY25 Financial Highlights: Standalone: Total Revenue stood at Rs 15,565 crore, YoY growth of 17.5%. EBITDA of Rs 1,235 crore; YoY growth of 10.2%. PAT stood at Rs 785 crore; YoY growth of 6.5%. Basic EPS for Q3FY25 stood at Rs 12.06, as compared to Rs 11.32 for Q3FY24. 10 stores were added in Q3FY25. Consolidated: Total Revenue for Q3FY25 stood at Rs 15,973 crore, as compared to Rs 13,572 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q3FY25 stood at Rs 1,217 crore, as compared to Rs 1,120 crore in the corresponding quarter of last year. EBITDA margin stood at 7.6% in Q3FY25 as compared to 8.3% in Q3FY24. Net Profit stood at Rs 724 crore for Q3FY25, as compared to Rs 690 crore in the corresponding quarter of last year. PAT margin stood at 4.5% in Q3FY25 as compared to 5.1% in Q3FY24. Basic Earnings per share (EPS) for Q3FY25 stood at Rs 11.12, as compared to Rs 10.62 for Q3FY24. 9MFY25 Financial Highlights: Standalone: Total Revenue stood at Rs 43,327 crore, YoY growth of 16.7%. EBITDA of Rs 3,561 crore; YoY growth of 12.7%. PAT stood at Rs 2,307 crore; YoY growth of 10.4%. Basic EPS for 9MFY25 stood at Rs 35.47, as compared to Rs 32.15 for 9MFY24. 22 stores were added in 9MFY25. Consolidated: Total Revenue for 9MFY25 stood at Rs 44,486 crore, as compared to Rs 38,062 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in 9MFY25 stood at Rs 3,532 crore, as compared to Rs 3,160 crore during 9MFY24. EBITDA margin stood at 7.9% in 9MFY25 as compared to 8.3% in 9MFY24. Net Profit stood at Rs 2,157 crore for 9MFY25, as compared to Rs 1,972 crore in 9MFY24. PAT margin stood at 4.8% in 9MFY25 as compared to 5.2% in 9MFY24. Basic Earnings per share (EPS) for 9MFY25 stood at Rs 33.15 as compared to Rs 30.34 for 9MFY24. Neville Noronha, CEO & Managing Director, Avenue Supermarts, said: “Our revenue for Q3FY25 grew by 17.5% over the previous year. The Q3FY25 same store revenue growth for 2 years and older stores was at 8.3%. We continue to see increased intensity in discounting in the FMCG category and the consequent impact to high turnover per square feet stores in metro towns. However, this quarter the impact has relatively reduced versus the previous quarter (Q2FY25). We stay committed to being the most preferred value retailer to customers in the vicinity of a DMart store or a Fulfilment centre of DMart Ready. DMart Ready grew by 21.5% in 9MFY25. In the rapidly evolving dynamics of the grocery ecommerce market, we are seeing significantly more demand for home delivery compared to pick-up point and hence we continue to align our business to that extent. Our home delivery business now far exceeds our pick-up point sales contribution. We will continue to provide both channels of delivery as an option to our shoppers in select towns. In several towns we now only operate ‘Home Delivery’ as a delivery channel.”

Q2FY25 & H1FY25 Quarterly Result Announced for Avenue Supermarts Ltd.

Department Stores company Avenue Supermarts announced Q2FY25 & H1FY25 results: H1FY25 Financial Highlights: Total Revenue stood at Rs 27,762 crore, YoY growth of 16.2% EBITDA of Rs 2,326 crore; YoY growth of 14.1% PAT stood at Rs 1,523 crore; YoY growth of 12.5%, Basic EPS for H1FY25 stood at Rs 23.41, as compared to Rs 20.82 for H1FY24 12 stores were added in H1FY25 Q2FY25 Financial Highlights: Consolidated: Total Revenue for the quarter ended September 30, 2024 stood at Rs 14,445 crore, as compared to Rs 12,624 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2FY25 stood at Rs 1,094 crore, as compared to Rs 1,005 crore in the corresponding quarter of last year. EBITDA margin stood at 7.6% in Q2FY25 as compared to 8.0% in Q2FY24. Net Profit stood at Rs 659 crore for Q2FY25, as compared to Rs 623 crore in the corresponding quarter of last year. PAT margin stood at 4.6% in Q2FY25 as compared to 4.9% in Q2FY24. Basic Earnings per share (EPS) for Q2FY25 stood at Rs 10.14, as compared to Rs 9.58 for Q2FY24. Standalone: Total Revenue for the quarter ended September 30, 2024 stood at Rs 14,050 crore, as compared to Rs 12,308 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2FY25 stood at Rs 1,105 crore, as compared to Rs 1,002 crore in the corresponding quarter of last year. EBITDA margin stood at 7.9% in Q2FY25 as compared to 8.1% in Q2FY24. Net Profit stood at Rs 710 crore for Q2FY25, as compared to Rs 659 crore in the corresponding quarter of last year. PAT margin stood at 5.0% in Q2FY25 as compared to 5.3% in Q2FY24. Basic Earnings per share (EPS) for Q2FY25 stood at Rs 10.92, as compared to Rs 10.12 for Q2FY24. Commenting on the performance of the company Neville Noronha, CEO & Managing Director, Avenue Supermarts, said: “Overall H1FY25 like-for-like revenue growth was 7.4% for 2 years and older stores. The Q2FY25 like-for-like revenue growth for the same cohort of stores was at 5.5%. We clearly see the impact of online grocery formats including DMart Ready in large metro DMart stores which operate at a very high turnover per square feet of revenue. DMart Ready business grew by 21.8% in H1FY25.”

Q1FY25 Quarterly Result Announced for Avenue Supermarts Ltd.

Department Stores company Avenue Supermarts announced Q1FY25 results: Consolidated: Total Revenue for the quarter ended June 30, 2024 stood at Rs 14,069 crore, as compared to Rs 11,865 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1FY25 stood at Rs 1,221 crore, as compared to Rs 1,035 crore in the corresponding quarter of last year. EBITDA margin stood at 8.7% in Q1FY25 same as Q1FY24. Net Profit stood at Rs 774 crore for Q1FY25, as compared to Rs 659 crore in the corresponding quarter of last year. PAT margin stood at 5.5% in Q1FY25 same as Q1FY24. Basic Earnings per share (EPS) for Q1FY25 stood at Rs 11.89, as compared to Rs 10.14 for Q1FY24. Standalone: Total Revenue for the quarter ended June 30, 2024 stood at Rs 13,712 crore, as compared to Rs 11,584 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1FY25 stood at Rs 1,221 crore, as compared to Rs 1,036 crore in the corresponding quarter of last year. EBITDA margin stood at 8.9% in Q1FY25 same as Q1FY24. Net Profit stood at Rs 812 crore for Q1FY25, as compared to Rs 695 crore in the corresponding quarter of last year. PAT margin stood at 5.9% in Q1FY25 as compared to 6.0% in Q1FY24. Basic Earnings per share (EPS) for Q1FY25 stood at Rs 12.49, as compared to Rs 10.71 for Q1FY24. Commenting on the performance of the company Neville Noronha, CEO & Managing Director, Avenue Supermarts, said: “Our revenue for Q1FY25 grew by 18.4%. Contribution from General Merchandise and Apparel continued to improve during the quarter and this is reflected in the gross margin uptick (Q1FY25 vs Q1FY24). We opened 6 new stores during the quarter. Our total stores stand at 371 as on June 30, 2024. Operating costs have gone up due to continuing effort on improving service levels and building capability for the future.”

Q4FY24 Quarterly & FY24 Annual Result Announced for Avenue Supermarts Ltd.

Department Stores company Avenue Supermarts announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Standalone: Total Revenue stood at Rs 12,393 crore, YoY growth of 19.9% EBITDA of Rs 940 crore; YoY growth of 20.2% PAT stood at Rs 604 crore; YoY growth of 19.6 % Basic EPS for Q4FY24 stood at Rs 9.28, as compared to Rs 7.80 for Q4FY23 24 stores were added in Q4FY24 Consolidated: Total Revenue: Rs 12,727 crore, compared to Rs 10,594 crore in the same period last year. EBITDA: Rs 944 crore, compared to Rs 772 crore in Q4FY23. EBITDA Margin: 7.4% in Q4FY24, compared to 7.3% in Q4FY23. Net Profit: Rs 563 crore for Q4FY24, compared to Rs 460 crore in Q4FY23. PAT Margin: 4.4% in Q4FY24, compared to 4.3% in Q4FY23. Basic Earnings per share (EPS): Rs 8.66 for Q4FY24, compared to Rs 7.10 for Q4FY23. FY24 Financial Highlights: Standalone: Total Revenue stood at Rs 49,533 crore, YoY growth of 18.4% EBITDA of Rs 4,099 crore; YoY growth of 12.0% PAT stood at Rs 2,695 crore; YoY growth of 5.4%, (FY23 had a one-time tax adjustment of prior years of Rs 139 crore) Basic EPS for FY24 stood at Rs 41.43, as compared to Rs 39.46 for FY23 41 stores were added in FY24 Consolidated: Total Revenue: Rs 50,789 crore, compared to Rs 42,840 crore in the same period last year. EBITDA: Rs 4,104 crore, compared to Rs 3,637 crore in FY23. EBITDA Margin: 8.1% in FY24, compared to 8.5% in FY23. Net Profit: Rs 2,536 crore for FY24, compared to Rs 2,378 crore in FY23. PAT Margin: 5.0% in FY24, compared to 5.5% in FY23. Basic Earnings per share (EPS): Rs 38.99 for FY24, compared to Rs 36.72 for FY23. Commenting on the performance of the company Neville Noronha, CEO & Managing Director, Avenue Supermarts, said: “DMart (Brick and Mortar) Business Overview: We ended the year with growth across key financial parameters of Revenue, EBITDA and PAT. Two years and older DMart stores grew by 9.9% during FY24 as compared to FY23. We have 284 stores that are 2 years or older. We opened 41 new stores during the year and our total store count stands at 365. Q4FY24 saw continued uptick in the contribution from General Merchandise and Apparel. Our Gross Margin improvement (Q4FY24 vs Q4FY23) reflects this mix improvement. DMart Ready: Our E-Commerce business commenced operations in 1 new city (Gurugram) during the year while continuing to deepen its presence in existing cities. We are now present across 23 cities in India.”