Avenue Supermarts Ltd.'s fourth-quarter profit fell marginally, missing consensus estimates.
Consolidated net profit of the Radhakishan Damani-led company was down 2.2% over the same period last year to Rs 551 crore in the three months to March, according to its stock exchange filing. That compares with the Rs 630-crore consensus estimate of analysts tracked by Bloomberg.
Avenue Supermarts reported a 16.9% increase in revenue, reaching Rs 14,872 crore, compared to Rs 12,727 crore in the previous period.
Avenue Supermart Q4 FY25 Results
Revenue up 16.9% at Rs 14,872 crore vs Rs 12,727 crore.
Net profit down 2.2% at Rs 551 crore vs Rs 563 crore.
Ebitda up 1.2% at Rs 955 crore vs Rs 944 crore.
Margin at 6.4% vs 7.4%.
Two years and older DMart stores grew by 8.1% during the fourth quarter, as compared to 10.3% in the same period last year. The growth is primarily driven by increased footfall.
Increased competitive intensity in the FMCG space has impacted gross margins, the company said.
The firm also saw a surge in wages of entry level positions due to demand-supply mismatch of skilled workforce, it said.
There was continued investments in improving service levels with respect to faster turnarounds on availability, checkouts and future store openings. It also had a larger number of store openings during this quarter, the company said.
Overall, business continued to be resilient in metro towns. Company is doing significantly better in non-metro towns, it said.
DMart Ready business is growing extremely well in key metro towns, it added.
Anshul Asawa, CEO Designate, joined in mid-March 2025 and is going through a detailed familiarisation and understanding of the organisation, the company said.
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