DMart on shopping list today

about 1 month ago
No Image

Avenue Supermarkets, which is traded on the bourses under the name of ‘DMart’ is among the top three gainers since opening bell. It opened with a gain of over 5% at Rs.1430 and went to hit an intraday high at Rs.1447, going up 7%. Its 52-week high stands at Rs.1696.15.

The market is very happy with the company’s earnings for Q1FY20 despite fall in operating margins. Its consolidated total revenue rose 27% (YoY) at Rs.5815 crore. Its consolidated net profit rose 32% at Rs.323 crore.

EBITDA was up 41% at Rs.597 crore but margins fell from 9.74% to 10.81%.

Finance cost saw a 81% jump  and depreciation rose 90%.

As at 30th June 2019, the company had 184 stores across Maharashtra, Gujarat, Daman, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR, Chhattisgarh and Punjab.

Articles you may also like

Popular Comments

No comment posted for this article.