Revival in general merchandise, apparel boosts DMart's Q3 performance thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Over the past few quarters, DMart has also been trying new initiatives such as in-store pharmacy, smaller formats of DMart Minimax and rejig of general merchandise offering in favor of faster moving SKUs.
D-Mart Q2 net profit down 9 pc to Rs 623.35 cr, sales up 18.7 pc to Rs 12,624 cr dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
The company which operates DMart reported a consolidated revenue from operations at Rs 12,624 crore which was up by 18.66% from Rs 10,638.33 reported by the company in Q2FY23. On a sequential basis, the revenue grew 6.4% from Rs 11,865.44 crore in the June 2023 quarter. EBITDA margin for the quarter was 8%, down from 8.4% in Q2FY23.
The company, as reported, continued to maintain healthy financials. Basic Earnings Per Share (EPS) for Q2 Fy24 was reported at Rs 10.12, which was a slight drop from Rs 11.28 from the last year. In the last quarter, ASL added nine new stores.