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The consolidated net profit of DMart owner Avenue Supermarts rose 17.5% year-on-year to ₹ 773.8 crore in the June quarter, compared to ₹ 658.8 crore reported in the same period in the previous year.
The company’s revenues increased by 18.6% from ₹11,865.4 crore in the corresponding period last year to ₹14,069.1 crore for the first quarter.
On the operational front, the company reported an 18% jump in Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) to ₹1,221.3 crore during the said quarter as against ₹1,035.3 crore.
However, EBITDA margin slipped marginally to 8.68% in Q1 FY23 from 8.73% in the same period last year.
Commenting on the financial performance, Neville Noronha, CEO & Managing Director, Avenue Supermarts Ltd said, “Our revenue for Q1 FY 2025 grew 18.4%. Similarly, General Merchandise and Apparel’s contribution improved and continued to do so in the quarter, which counts for this increase in the gross margin (Q1 FY 2025 vs Q1 FY 2024). We opened six new stores during the quarter. Our aggregate stores now stand at 371 as on June 30, 2024. Operating costs have gone up due to continuing efforts on improving service levels and building capability for the future.”
Shares of Avenue Supermarts ended over a percent higher at ₹4953.35 on the BSE platform on Friday.
