DMart Q1 Results 2022: Net Profit Soared 490%

DMart Q1 Results 2022: Key Highlights

Dmart Q1 Results: Dmart, one of the largest retail chains in India, announced its Q1 numbers on Saturday afternoon. D-Mart is a national supermarket chain that offers customers a range of home and personal products under one roof.

DMart Q1 Net profit soar: DMart’s net profit jumped 490.3% YoY to Rs 680 crore in the Apr-Jun period, higher than street estimates. Edelweiss estimated the company's profit after tax to grow multifold to Rs 646.90 crore. Last year in the same quarter, the net profit reported was Rs 115 crore. The net profit in Q4FY22 was Rs 420 crore.

DMart Q1 Revenue rises: DMart’s revenue rose by 94.9% on-year to Rs 9,807 crore. It was Rs 5,032 crore in the year-ago quarter. Last quarter the revenue was Rs 8,786 crore.

DMart Q1 Operating profit and margins improve: It reported an EBITDA of Rs 1008 crore, a growth of 355.6% YoY. EBITDA margin stood at 10.3% in Q1FY23 as compared to 4.4% in Q1FY22. PAT margin for the June quarter improved to 6.9%, up 460 basis points over 2.3% in the same quarter last year. There has been a very good recovery of overall sales in Q1FY23.

DMart Q1 Earning Per Share: Basic Earnings Per Share (EPS) for Q1FY223 stood at Rs 10.49, as compared with Rs 1.78 for Q1FY22. 

DMart Store count: The store count reported by the company as of 30 June 2022 is 294. It added 10 new stores in the Apr-Jun period.

DMart Q1 Results for 2022 Management Commentary: "We ended Q1FY23 with growth across all key financial parameters. There has been a very good recovery in overall sales. However, this quarter’s performance is not comparable to the same period last year due to the second wave of Covid-19 during that time.", Mr. Neville Noronha, CEO & Managing Director. 

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