Avenue Supermarts Ltd - 540376 - Closure of Trading Window
In terms of Code of Internal Procedures and Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders of Avenue Supermarts Limited, the Trading Window for dealing in shares of the Company would remain closed for all Designated Persons and their immediate relatives from 15th June, 2023 until 2 trading days after announcement of financial results of the Company for the quarter ending on 30th June, 2023.
Buy Avenue Supermarts; target of Rs 4200: Motilal Oswal
Motilal Oswal is bullish on Avenue Supermarts recommended buy rating on the stock with a target price of Rs 4200 in its research report dated June 08, 2023. Avenue Supermarts Ltd - 540376 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
This is to inform that the ESOP Committee of the Company vide Circular Resolution dated May 31, 2023 has approved allotment of 4,90,116 equity shares of Rs. 10/- each at an exercise price of Rs. 299/- per equity share to eligible employees pursuant to exercise of options under Employee Stock Option Scheme, 2016 of the Company. Avenue Supermarts Ltd - 540376 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
This is to inform that the ESOP Committee of the Company vide Circular Resolution dated May 23, 2023 has approved allotment of 2,77,649 equity shares of Rs. 10/- each at an exercise price of Rs. 299/- per equity share to eligible employees pursuant to exercise of options under Employee Stock Option Scheme, 2016 of the Company.
Neutral Avenue Supermarts; target of Rs 3895: Motilal Oswal
Motilal Oswal recommended Neutral rating on Avenue Supermarts with a target price of Rs 3895 in its research report dated May 14, 2023.
DMart needs to put some zing into sales
In the March quarter (Q4FY23), while revenue grew 20% year-on-year to 10,337 crore, Ebitda growth has been slower at just 5.4%. Avenue Supermarts Ltd - 540376 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of the Standalone and Consolidated Audited Financial Statements for the quarter and year ended March 31, 2023, published in Economic Times and Maharashtra Times on May 15, 2023 Avenue Supermarts Ltd - 540376 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report for the financial year ended March 31, 2023 Q4FY23 Quarterly & FY23 Annual Result Announced for Avenue Supermarts Ltd.
Department Stores company Avenue Supermarts announced Q4FY23 & FY23 results: Standalone Q4FY23: Total Revenue stood at Rs 10,337 crore, YoY growth of 20.1% EBITDA of Rs 782 crore; YoY growth of 5.4% PAT stood at Rs 505 crore; YoY growth of 8.3 % Basic EPS for Q4FY23 stood at Rs 7.80, as compared to Rs 7.20 for Q4FY22 18 stores were added in Q4FY23 PAT margin stood at 4.9% in Q4FY23 as compared to 5.4% in Q4FY22 Basic Earnings per share (EPS) for Q4FY23 stood at Rs 7.80, as compared to Rs 7.20 for Q4FY22 Standalone FY23: Total Revenue stood at Rs 41,833 crore, with YoY growth of 37.8% EBITDA of Rs 3,659 crore; YoY growth of 46.3% PAT stood at Rs 2,556 crore; YoY growth of 58.2%, (includes tax adjustment of prior years of Rs 139 crore) Basic EPS for FY23 stood at Rs 39.46, as compared to Rs 24.95 for FY22 40 stores were added in FY23 PAT margin stood at 6.1% in FY23 as compared to 5.3% in FY22 Basic Earnings per share (EPS) for FY23 stood at Rs 39.46, as compared to Rs 24.95 for FY22 Consolidated Q4FY23: Total Revenue for Q4FY23 stood at Rs 10,594 crore, as compared to Rs 8,786 crore in Q4FY22 EBITDA in Q4FY23 stood at Rs 772 crore, as compared to Rs 739 crore in Q4FY22 EBITDA margin stood at 7.3 % in Q4FY23 as compared to 8.4% in Q4FY22 Net Profit stood at Rs 460 crore for Q4FY23, as compared to Rs 427 crore in Q4FY22 PAT margin stood at 4.3% in Q4FY23 as compared to 4.8% in Q4FY22 Basic Earnings per share (EPS) for Q4FY23 stood at Rs 7.10, as compared to Rs 6.59 for Q4FY22 Consolidated FY23: Total Revenue for FY23 stood at Rs 42,840 crore, as compared to Rs 30,976 crore in FY22 EBITDA in FY23 stood at Rs 3,637 crore, as compared to Rs 2,499 crore during FY22 EBITDA margin stood at 8.5% in FY23 as compared to 8.1% in FY22 Net Profit stood at Rs 2,378 crore for FY23, as compared to Rs 1,492 crore in FY22 PAT margin stood at 5.5% in FY23 as compared to 4.8% in FY22 Basic Earnings per share (EPS) for FY23 stood at Rs 36.72 as compared to Rs 23.04 for FY22 Commenting on the performance of the company Neville Noronha, CEO & Managing Director, Avenue Supermarts, said: “We ended FY 2023 with growth across our key financial parameters of Revenue, EBITDA, and PAT. Revenue growth of FMCG and staples continues to outperform General Merchandise and Apparel. Lower consumer spending in General Merchandise and Apparel continues and has impacted the margin mix downwards. Two years and older DMart stores grew by 24.2% during FY 2023 as compared to FY 2022. These same stores grew at 11.0% in the second half of FY 2023 vis-a-vis the second half of FY 2022. We have 234 stores that are 2 years or older. We continued to expand our store footprint and opened 40 new stores during the year taking our cumulative total to 324 stores. Our E-Commerce business continued its expansion in our existing 22 cities. We cumulatively expanded our operations in 10 new cities during FY 2023. We have commenced operations of our pharmacy shop-in-shop through one of our subsidiaries (Reflect Healthcare and Retail Private Limited) during the quarter through the launch of our first outlet in the Mumbai Metropolitan Region.” Result PDF Avenue Supermarts' Q4 PAT, revenue up y-o-y but down q-o-q
The company is also expanding its e-commerce business through DMart Ready and entered 10 more cities in the year, adding to its existing 22 cities