Avenue Supermarts Ltd - 540376 - Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015
Diclosure under regulation 30 of SEBI (Listing obligation and disclosure requirements) regulations, 2015 Avenue Supermarts Ltd - 540376 - Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015
Disclosure under regulation 30 of SEBI (Listing obligation and disclosure requirements) regulations, 2015 Avenue Supermarts Ltd - 540376 - Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015
Disclosure under regulation 30 of SEBI (Listing obligation and disclosure requirements) regulations, 2015 Avenue Supermarts Ltd - 540376 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Changes in the Senior Management Personnel of the Company Avenue Supermarts Ltd - 540376 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Disclosure under regulation 30 of SEBI (Listing obligation and disclosure requirements) regulations, 2015
Is the worst behind for DMart?
For a while now, Avenue Supermarts Ltd has been finding it tough to boost sales from its high-margin general merchandise and apparel business Avenue Supermarts Ltd - 540376 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication of the Standalone and Consolidated Unaudited financial statements for the quarter and half year ended 30th September, 2023 Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Avenue Supermarts Ltd.
Department Stores company Avenue Supermarts announced Q2FY24 & H1FY24 results: 1. Financial Performance: - Avenue Supermarts Ltd. reported a total revenue of Rs 12,308 crore for the quarter ended September 30, 2023, showing a growth of 18.5% compared to the same period last year. - The company's EBITDA stood at Rs 1,002 crore, indicating a growth of 11.9% YoY. - However, the PAT (Profit After Tax) declined by 9.8% to Rs 659 crore in Q2FY24 (adjusted for a one-time tax adjustment in the previous year). 2. Store Expansion: - In Q2FY24, Avenue Supermarts added 9 new stores, bringing the total store count to 336. 3. Half Year Performance: - For the half-year ended September 30, 2023, the company's total revenue was Rs 23,892 crore, showing a growth of 18.3% compared to the same period last year. - The EBITDA for H1FY24 stood at Rs 2,038 crore, reflecting a growth of 7.1%, while the PAT declined by 4.0% to Rs 1,354 crore. 4. EPS (Earnings Per Share): - The basic EPS for Q2FY24 stood at Rs 10.12, compared to Rs 11.28 for Q2FY23. - The basic EPS for H1FY24 was reported as Rs 20.82, compared to Rs 21.77 for H1FY23. 5. Gross Margins: - The company experienced lower gross margins in Q2FY24 due to a reduced contribution from the higher-margin General Merchandise and Apparel business. Commenting on the performance, Neville Noronha, CEO & Managing Director, Avenue Supermarts, said, "Q2FY24 saw revenue growth of 18.5% as compared to the corresponding quarter of last year. Our gross margins continue to be lower compared to the same period in the previous year due to lesser contribution from the higher-margin General Merchandise and Apparel business. We opened 9 new stores during the quarter, taking our total store count to 336." Result PDF