The profit was Rs 460 crore in the corresponding quarter of the previous financial year. The retailer s EBITDA rose 22.3% YoY to Rs 943 crore while its operating profit margin also a growth of 13 bps at 7.41%.
DMart Q4 Results Preview: An average of four brokerages expect the net profit for the January-March period to grow 23% year-on-year. Revenue for the period may also jump 20% year-on-year.
DMart shares: Damani, who was last worth $21.2 billion at last count, as per Bloomberg Billionaire index, saw his net worth rising, as DMart shares jumped 5.6 per cent to hit a fresh 52-week high of Rs 4,710.15 on BSE.
Avenue Supermarts reaches a 52-week high on posting a 20% YoY revenue growth. The stock has risen 27% in the past 12 months, largely in line with Nifty s 29% gains. CLSA, meanwhile, recently initiated coverage on the stock.