DMart Results: Dmart (Avenue Supermarts) Q2 Results (2021-22), News & More

DMart Results: Dmart (Avenue Supermarts) Q2 Results (2021-22), News & More

Last updated: 18 Oct, 2021 | 10:45 am

DMart Results: Dmart (Avenue Supermarts) Q2 Results (2021-22), News & More

Net profit beats estimates: DMart’s net profit jumped almost 340% on-quarter to Rs 418 crore in the Jul-Sep 21 period, beating street estimates. Analysts had earlier anticipated a net profit of about Rs 390.5 crore. As compared to the previous year, DMart’s net profit is up 110%. This sharp rise is mainly due to a lower base last quarter.

Revenue rises: DMart’s revenue rose by 50% on-quarter to Rs 7789 crore, above street expectations. The revenues are higher by 46.8% on-year. The analyst had estimated revenues to be around Rs 7,560 crore.

Operating profit and margins: The operating profit was at Rs 670 crore, up by 106% yearly. EBITDA margins rose to 8.6% as compared to 4.4% in the previous quarter.  Margins have improved due to relatively longer hours of operations, higher general merchandise sales, rising FMCG product prices and higher sale of non-essential products. Net margin for the quarter improved to 5.4% which was at 1.8% in the previous quarter and 3.7% in the same period last year.

DMart Q2 earnings highlights:

Stores Added: During the quarter, the company has added 8 new stores, which takes the total count of stores to 246. Revenue in the DMart stores grew by 46.6% over the corresponding quarter of last year. Two years and older DMart stores grew by 23.7% in the month of September 2021 as compared to September 2020. We have 187 stores that are 2 years or older.

DMart Q2 Results 2021 Review:

Avenue Supermarts has reported a strong set of numbers for the Jul-Sep 21 period, as easing restrictions helped the retail industry grow. The topline and bottomline has more than doubled due to lower base last quarter. The margins also saw a healthy growth during the quarter.

Avenue Supermarts had indicated that it will add 59 stores over FY20-22. It has added 20 stores in FY21. It may look to add 39 stores in FY22, implying 27 store additions over the next six months, provided there are no further restrictions.  After the results on Monday, The stock surged as much as 11% in early deals to a record high of ₹5,900. However, gave up its gains in the afternoon deals as several brokerages flagged limitations to the stock's upside due to high valuation. The shares plunged 7.5% on Monday closing at Rs 4929 on BSE.

We are a SEBI registered investement advisor
Mutual Funds watchlist
aditya birla sun life flexi cap fund growth direct plan|ABSL low duration fund direct growth|axis bluechip fund direct growth|axis capital builder fund series 4|axis balanced advantage fund direct growth|axis equity saver fund direct growth|axis multicap fund direct growth|axis global innovation fund of fund direct growth|axis long term equity fund growth NAV|axis quant fund direct growth|axis small cap fund direct growth|axis value fund direct growth|baroda dynamic equity fund direct growth|BOI AXA bluechip fund|canara robeco flexi cap fund direct growth|canara robeco small cap fund direct growth|canara robeco value fund direct growth|DSP quant fund direct|franklin india smaller companies fund direct growth|HDFC arbitrage fund direct growth|HDFC balanced advantage fund direct growth|HDFC developed world index fund NAV|HDFC flexi cap fund direct growth|HDFC housing opportunities fund direct growth|HDFC hybrid equity fund direct growth|HDFC nifty 50 index fund|HDFC index fund sensex plan|HDFC mid cap opportunities direct plan growth|HDFC multi asset fund direct growth|HDFC small cap fund direct growth|HDFC top 100 fund direct growth|HSBC midcap fund direct growth|ICICI prudential balanced advantage fund|ICICI bluechip fund direct growth NAV|ICICI prudential commodities fund direct plan growth|ICICI nasdaq 100 fund direct growth|ICICI nifty next 50 index fund direct growth|ICICI small cap fund direct growth|ICICI prudential technology direct plan growth calculator|ICICI ultra short term fund direct growth|IDBI india top 100 equity fund direct growth|IDBI small cap fund direct growth|idfc us equity fund of fund direct growth|kotak short term fund direct growth|kotak emerging equity fund direct growth|kotak multicap fund direct growth|kotak global innovation fund of fund NAV|kotak gold fund direct growth|kotak savings fund direct growth|kotak small cap fund direct growth|L&T emerging businesses fund direct growth|mirae asset large cap fund direct growth|mirae asset midcap fund|motilal oswal nasdaq 100 fund of fund|navi nifty 50 index fund direct growth|nippon india banking and financial services fund direct growth|nippon banking fund direct|nippon india flexi cap fund NAV|nippon india large cap fund direct growth|nippon india pharma fund direct growth|nippon india small cap fund direct growth|PGIM small cap fund direct growth|quant flexi cap fund direct growth|quant infrastructure fund direct growth|quant tax plan direct plan growth|SBI bluechip fund direct growth|SBI corporate bond fund direct growth|SBI equity minimum variance fund direct growth|SBI flexi cap fund|SBI magnum children's benefit fund investment direct plan|SBI nifty index fund direct growth|SBI small cap fund direct growth|SBI technology opportunities fund direct growth|tata banking and financial services fund direct plan growth|tata business cycle fund|tata technology fund direct growth|tata equity pe fund direct growth|tata ethical fund direct growth NAV|tata focused fund direct growth|tata index fund nifty direct plan|tata india tax savings fund direct plan growth|UTI focused equity fund direct growth|UTI nifty index fund direct growth NAV|UTI nifty 50 index fund direct growth