DMart Q4 takeaways: 80% stores hit, excess inventory & likely slow store openings ahead
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Last Updated: May 08, 2021, 04:36 PM IST
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The company said it could have a longer-term impact on inventory to sales ratio as we could take comparatively longer time to liquidate the excess inventory, it said.
DMart said it has seen significant disruptions since March onwards.
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NEW DELHI: Avenue Supermarts (
DMart)’s 53 per cent jump in March quarter profits met analyst projections. But, like others, June has been a difficult quarter for the Radhakishan Damani-led company with 80 per cent of its stores being impacted by the second wave of Covid. Unlike last year, when the company faced supply disruption, the company is bracing for excess inventory this time, as it had become quite optimistic after the last two quarters. Store openings are at risk, but the company is optimistic. A revival hinges on the government s vaccination drive, it said: Key takea
Radhakishan Damani-led DMart posts double-digit profit growth; analysts say not impressed!
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Most analysts believe the stock will consolidate now given rich valuations while some say it is time to exit the stock altogether.
The stock trades at its all-time highs and is up 80 per cent from March lows.
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DMart stores, showed a sharp recovery in earnings that brought some buyers on Monday but it was not enough to impress Dalal Street analysts.
Most analysts believe the shares will consolidate now given rich valuations while some say it is time to exit the stock altogether. The stock trades at its all-time highs, and is up 80 per cent from March lows.
Pitted against JioMart, Amazon and others, Radhakishan Damani’s DMart has opted for “controlled acceleration” in e-commerce
Pitted against JioMart, Amazon and others, Radhakishan Damani’s DMart has opted for “controlled acceleration” in e-commerce
Sanchita DashJan 11, 2021, 13:01 IST
DMart
DMart’s growth in e-commerce still doesn’t seem as bullish as its competitors.
DMart in its third quarter earnings said that it’s still going slow with e-commerce with ‘controlled acceleration.”
The Radhakishan Damani-led company managed to post profits worth ₹470 crore, accounting for a year-on-year growth of 19.3%.One of India’s biggest retail players, DMart, has posted a strong show in its third quarter earnings, but a big part of the investors’ focus was on how India’s second richest man, Radhakishan Damani, geared up for competition from the likes of JioMart, Amazon and Flipkart.
Updated Jan 09, 2021 | 15:42 IST
Radhakishan Damani-led chain of hypermarkets reported a profit of Rs 384 crore in the same quarter last year. Avenue Supermarts Q3 net profit rises 16% YoY to Rs 447 crore; Ebitda margin up at 9.1%
New Delhi: Avenue Supermarts, which owns the hyper retail chain DMart, reported 16% rise in consolidated net profit at Rs 447 crore in the December quarter. The Radhakishan Damani-led chain of hypermarkets reported a profit of Rs 384 crore in the same quarter last year.
PAT margin stood at 5.9% in Q3FY21 as compared to 5.6% in Q3FY20.
Earnings before Interest, Tax, Depreciation, and Amortization (EBITDA) in Q3FY21 stood at Rs.689 crore, as compared to Rs. 597 crore in the corresponding quarter of last year. EBITDA margin stood at 9.1% in Q3FY21 as compared to 8.8% in Q3FY20.
›DMart Q3 results: Net profit rises 16% YoY to Rs 447 crore; Ebitda margin expands 30 bps to 9.1%
DMart Q3 results: Net profit rises 16% YoY to Rs 447 crore; Ebitda margin expands 30 bps to 9.1%
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DMart Q3 results: Net profit rises 16% YoY to Rs 447 crore; Ebitda margin expands 30 bps to 9.1%ETMarkets.com
Last Updated: Jan 09, 2021, 02:40 PM IST
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Total revenue for the quarter came in at Rs 7,542 crore, up 10.76 per cent over its year-ago quarter s Rs 6,809 crore.
Ebitda for the quarter stood at Rs 689 crore compared with Rs 597 crore in the year-ago quarter.
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NEW DELHI: Avenue Supermarts (
DMart) on Saturday reported a 16 per cent YoY rise in consolidated net profit at Rs 447 crore for the December quarter. The Radhakishan Damani-led chain of hypermarkets reported a profit of Rs 384 crore in the same quarter last year.