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.
Gautam Adani, Cyrus Poonawala see biggest jump in net worth in 2020
January 11, 2021
Gautam Adani, Chairman, Adani Group×
India’s top 10 billionaires see net worth zoom by $76.3 billion in ‘pandemic’ year
The year 2020 was a sombre one for India and the world unemployment rates peaked, many businesses suffered losses and the share of people pushed into poverty increased.
However, the nation’s top 10 billionaires saw their net worth rise by $76.3 billion in 2020. Among them, Gautam Adani and Cyrus Poonawalla saw the highest increase.
According to data from Bloomberg, the 10 richest people in the country are Mukesh Ambani, Azim Premji, Shiv Nadar, Lakshmi Mittal, Uday Kotak, Radhakishan Damani, Sunil Mittal and Dilip Shanghvi, besides Adani and Poonawala.
›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.
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DMart, the nearly ₹2 trillion Indian retailer, may post strong earnings watch out for the progress on e-commerce
DMart, the nearly ₹2 trillion Indian retailer, may post strong earnings watch out for the progress on e-commerce
Sanchita DashJan 8, 2021, 19:44 IST
DMart
Radhakishan Damani s DMart is aware of the rising influence of e-commerce in India s grocery sector. Still, it was only in October 2020 that it finally took some serious steps to go online.
And its third-quarter earnings will reflect whether it has managed to make any inroads into the e-commerce sector.
DMart is facing increasing challenges from India s richest man Mukesh Ambani s JioMart, and the e-commerce giants Amazon, Flipkart, BigBasket, and Grofers.