D-Mart Witnessed Growth in Revenue During Q4 FY2024

Avenue Supermarts Limited, the parent company of the popular DMart chain of supermarkets, released positive results for the quarter ending March 31, 2024, in a recent exchange filing. The company’s standalone revenue from operations witnessed a significant jump of nearly 20% year-on-year, reaching ₹12,393.46 crore. This impressive growth comes on the back of a ₹10,337.12 crore revenue figure reported for the same quarter in the previous fiscal year.

The financial performance is further bolstered by the company’s expanding footprint. As of March 31, 2024, DMart boasted a network of 365 operational stores across India. This growth in store count indicates Avenue Supermarts’ strategic focus on reaching new customers and solidifying its position as a leading retail player in the country. The following table showcases the comparison of the company’s Q4 revenue from operations in the past 4 years.

During Q3 FY2024, the company recorded a rise of 17.3% in consolidated revenue from operations to ₹13,572.47 crore. The D Mart operator posted a growth of 17% in its consolidated net profit to ₹690.61 crore against ₹589.68 crore in the same quarter of the last year. The earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter amounted to ₹1,120 crore, reflecting an improvement from ₹965 crore in the corresponding quarter of the previous year.

The EBITDA margin remained steady at 8.3%, indicating its efficient management of operational costs. In addition, the company increased its footprint by opening 5 new stores during the quarter. With this expansion, the company’s total number of stores reached 341.

About Avenue Supermarts Limited

Avenue Supermarts Limited (DMart) is a national supermarket chain with a focus on value-retailing. The company offers a wide range of products, with a focus on the categories of Foods, Non-Foods (FMCG), and General Merchandise & Apparel. On April 04, 2024, the shares of the company opened at ₹4,567.75 and touched the day high of ₹4,710.15 at 02:17 PM.

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