Avenue Supermarts Limited: Q1 RESULTS FY18-19


Avenue Supermarts Limited, the operator of D-Mart chain in India, has presented its Q1 numbers today after market hours. The Company’s PAT grew by 43.39% YoY to INR 250.61 Cr as compared to INR 174.77 Cr as compared to period year ago. Listed below are a few highlights –

Revenue

Avenue Supermarts’ revenue from operations grew by 26.72% year-on-year to INR 4559.42 Cr to as compared to INR 3598.12 Cr for the period ends on 30 June 2017.

The Company’s April to March 2018 quarter revenue stood at INR 3809.96 Cr showing a growth of 19.67% QoQ basis.

The Company’s total revenue for the period ends on 30 June 2018 stood at INR 4573.67 Cr which was INR 3621 Cr a period year ago.

Profit

Avenue Supermarts’ net profit after tax for Q1 FY 19 stood at INR 250.61 Cr which was up by almost 50% QoQ when compared to period ends on 31 March 2018 (INR 167.10 Cr)

The company’s PAT margin improved from 4.8% in Q1 FY18 to 5.5% in Q1 FY19.

Basic Earnings per share (EPS) for Q1 FY19 stood at Rs. 4.02, as compared with Rs. 2.80 for Q1 FY18.

Financial Highlights

  • Total Revenue up by 26.7% at INR 4,559 Cr
  • PAT up by 43.4% at INR 251 Cr
  • For the Quarter ended June 30, 2018 (Q1 FY19):
  • Total Revenue stood at INR 4,559 Cr, up by 26.7% (y-o-y)
  • EBITDA of INR 423 Cr; (y-o-y) growth of 39.4%
  • PAT at INR 251 Cr; (y-o-y) growth of 43.4%
  • Basic EPS for Q1 FY19 stood at INR 4.02, as compared to INR 2.80 for Q1 FY18
  • 2 new Stores were added in the Q1 FY19

Avenue Supermarts

About the Company: Avenue Supermarts (DMart)

DMart is owned and operated by Avenue Supermarts Limited. (ASL) – A company founded by Mr. Radhakishan Damani.

DMart is a one-stop supermarket chain that aims to offer customers a wide range of basic home and personal products under one roof. Each DMart store stocks home utility products including beauty products, food, garments, kitchenware, toiletries, bed and bath linen, home appliances and more available at competitive prices that every customers appreciate. The Company’s core objective is to offer customers good products at great value.

From the launch of its first store in Powai in 2002, DMart today has a well-established presence in 158 locations across Andhra Pradesh, Chhattisgarh, Gujarat, Karnataka, Maharashtra, Madhya Pradesh, NCR, Punjab, Telangana, Tamil Nadu, and Rajasthan.

Stock Price Movement

The stock closed up by 1.80% to INR 1595 when the market closed on Monday! During the quarter ended 30 June 2018, the share price of Avenue Supermarts Limited gained by more than 12%

Avenue Supermarts’ on Technical Charts

The stock price of Avenue Supermarts (DMart) traded more than 8% higher when compared to its 89 EMA and 19% higher when compared to its 200 EMA.

 

Also Read –

1) Finblab’s Valuepick Stock for the month of July 2018 – CEAT Limited

 


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Vishal Dalwadi

Vishal Dalwadi

Vishal is an MBA (Finance) post-graduate. He is the founder and owner of "FinBlab". His blog aims at providing information and research on Stock market and sectors including Mutual funds, IPOs, Insurance and more.

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