Buy Avenue Supermarts; target of Rs 4300: Geojit
Geojit is bullish on Avenue Supermarts has recommended buy rating on the stock with a target price of Rs 4300 in its research report dated January 19, 2024.19-01-2024
19-01-2024
Avenue Supermarts Ltd - 540376 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication of the Standalone and Consolidated Financial Statement for the quarter and nine months ended 31st December, 202315-01-2024
DMart Q3 Results Review - Subdued Festive Demand Hits Fledgling Recovery Again: Systematix
Stabilising general merchandise and apparel sales a positive sign15-01-2024
Q3FY24 Quarterly & 9MFY24 Result Announced for Avenue Supermarts Ltd.
Department Stores company Avenue Supermarts announced Q3FY24 & 9MFY24 results: Standalone Q3FY24: - Total Revenue: Rs 13,247 crore (17.2% increase YoY) - EBITDA: Rs 1,121 crore (15.0% increase YoY) - PAT (Profit After Tax): Rs 737 crore (14.9% increase YoY) - Basic EPS (Earnings per Share): Rs 11.32 (compared to Rs 9.90 for Q3FY23) - New Stores Added: 5 (totaling 341 stores) Standalone 9MFY24: - Total Revenue: Rs 37,139 crore (17.9% increase YoY) - EBITDA: Rs 3,159 crore (9.8% increase YoY) - PAT (Profit After Tax): Rs 2,091 crore (1.9% increase YoY, considering 9MFY23 had a one-time tax adjustment) - Basic EPS (Earnings per Share): Rs 32.15 (compared to Rs 31.67 for 9MFY23) - New Stores Added: 17 (totaling 341 stores) Neville Noronha, CEO & Managing Director, commenting on the performance, said, "We ended Q3FY24 with a revenue growth of 17.2% as compared to the corresponding quarter of last year. Contribution from General Merchandise and Apparel has stabilized and trends are encouraging post Diwali. This time the festive season sales were lower than expected in Non-FMCG. Within FMCG, agri-staples (ex-edible oil) are going through significantly high inflation. We opened 5 new stores during the quarter. Our total stores now stand at 341." Result PDF15-01-2024
Buy Avenue Supermarts (DMART IN); target of Rs 4484: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Avenue Supermarts (DMART IN) has recommended buy rating on the stock with a target price of Rs 4484 in its research report dated January 13, 2024.14-01-2024
Revival in general merchandise, apparel boosts DMart's Q3 performance
EBITDA in Q3FY24 stood at 1,120 crore, as compared to 965 crore in the corresponding quarter of last year13-01-2024
Avenue Supermarts Ltd - 540376 - Statement Of NIL Deviation(S) Or Variation(S) Of QIP Utilization Proceeds
Statement of Nil Deviation or variation of QIP utilisation proceeds for the quarter ended December 31, 202313-01-2024