DMart profit jumps 52% to ₹414 crore in Q4
May 09, 2021
Company says at least 80% of its operations were impacted due to Covid curbs
DMart has reported a 52 per cent growth in net profit to ₹414 crore in the fourth quarter of FY21 compared to a profit of ₹271 crore in the corresponding quarter last year. The company said that at least 80 per cent of its operations were impacted because of the Covid-19 restrictions. Its revenue increased 18 per cent during the period to ₹7,411.68 crore.
Avenue Supermart’s earnings before interest, tax, depreciation and amortisation (EBITDA) in Q4FY21 stood at ₹613 crore, an increase of 47 per cent from ₹417 crore in the corresponding quarter of last year. The Retail chain’s expenses for FY21’s fourth quarter stood at ₹6,916.24 versus ₹5,957.53 same time last fiscal.
Radhakishan Damani-led DMart posts double-digit profit growth; analysts say not impressed!
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Synopsis
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.