Avenue Supermarts Q2 Results Rises to ₹14,444.50 Crore with 14.41% Growth

Avenue Supermarts reported its financial results for the second quarter (Q2) of the financial year 2024-25, showing strong performance. The company's net profit rose to ₹659.58 crore, which is a 5.77% increase compared to ₹623.56 crore in the same quarter last year. This means the company earned more money than it did in the previous year. The revenue from operations also increased significantly, reaching ₹14,444.50 crore, marking a 14.41% rise from ₹12,624.37 crore last year. This growth shows that more customers are shopping at DMart stores, leading to higher sales.

In terms of store performance, the company reported a like-for-like revenue growth of 7.4% for stores that have been open for at least two years during the first half of the year. In Q2 alone, the same stores showed a growth of 5.5%. The DMart Ready online grocery service is also doing well, with a growth rate of 21.8% in the first half of the year, indicating that more customers are using the online shopping option. Finally, the net cash flow from operations increased by 13.87% to ₹2,332.87 crore, reflecting the company's overall strong financial health.

Source: Here 

For More Quarterly Results check our Twitter Page

Visit our website for more Quarterly results

Avenue Supermarts Q2 Results

Avenue Supermarts, which runs the D-Mart supermarket chain, has released its financial results for the quarter and six months ending on September 30, 2024. In the second quarter of 2024, the company's total income was ₹14,096.82 Crores, which is higher than ₹12,353.35 Crores in the same quarter last year. This shows that Avenue Supermarts is making more money from sales and other income. The company also had a profit of ₹710.37 Crores after paying taxes, which is an increase compared to ₹658.54 Crores in the second quarter of 2023.

Looking at the six-month period, the total income for the first half of 2024 was ₹27,860.64 Crores, up from ₹23,964.58 Crores during the same time last year. This growth indicates that the company is expanding its business successfully. The earnings per share, which measures how much profit each share earns, were ₹10.92 in the second quarter. This is an encouraging sign for investors. Overall, the results show that Avenue Supermarts is doing well, increasing its sales and profits, which is positive for the company's future growth.

Here are the unaudited standalone financial results for the quarter and six months ended September 30, 2024, summarized in a simple and clear format:

(Rs. in Crores)

Avenue Supermarts Financial Metrics

Avenue Supermarts is a retail company known for its supermarket chain, D-Mart. The financial data shows that the company's market capitalization is ₹ 2,72,657 crores, meaning it is a large and valuable business. The current stock price is ₹ 4,190, which reflects how much investors are willing to pay for each share. The stock has reached a high of ₹ 5,485 and a low of ₹ 3,619 in recent trading. The Price-to-Earnings (P/E) ratio of 101 indicates that investors expect high growth. With a book value of ₹ 309, the company’s assets per share are solid. However, it does not pay dividends. The Return on Capital Employed (ROCE) is 19.4%, and the Return on Equity (ROE) is 14.5%, showing the company uses its money effectively. 

Here is a summary of the financial data you provided:

Quarterly Results 

The table for Avenue Supermarts shows the company's financial performance for March 2024, June 2024, and September 2024. In March 2024, the company made sales of ₹12,727 crores, with expenses of ₹11,783 crores, resulting in an operating profit of ₹944 crores. The profit margin was 7%. By June 2024, sales increased to ₹14,069 crores, and expenses rose to ₹12,848 crores, leading to a higher operating profit of ₹1,221 crores, with a profit margin of 9%. 

Here’s the table for the specified quarters (Mar 2024, Jun 2024, Sep 2024) with particulars:

(Consolidated Figures in Rs. Crores)

About Avenue Supermarts 

Avenue Supermarts, known as DMart, is a large retail company in India. It was founded by Radhakishan Damani in 2000 and opened its first store in Powai, Mumbai, in 2002. DMart operates supermarkets and hypermarkets, offering a wide range of products, including groceries, clothing, and household items. The company focuses on providing good quality products at low prices.

DMart has 365 stores across 12 states and union territories in India, making it one of the largest retail chains in the country. DMart is known for its unique strategy of owning most of its store locations instead of leasing them, which helps reduce costs. In addition to physical stores, DMart launched an online shopping service called DMart Ready, allowing customers to order groceries online. The company has seen rapid growth and continues to expand, serving millions of customers every year.