DMart | Business Upturn

Avenue Supermarts reports 85 new store additions in FY26, reaching 500 total

Kinjal — Sat, 02 May 2026 12:12:57 +0000

Avenue Supermarts, the operator of the DMart retail chain, has expanded its footprint significantly by adding 85 new stores in the fiscal year ending 31st March 2026, bringing the total number of stores to 500. This expansion highlights the company’s aggressive growth strategy and its commitment to increasing market presence across India.

The company continues to focus on a cluster-based expansion strategy, which has enabled it to penetrate deeper into various regions. The latest additions have been spread across multiple states, with Maharashtra leading the count at 128 stores, followed by Gujarat with 75 stores, and Karnataka with 50 stores. This strategic distribution aims to enhance accessibility and convenience for customers, aligning with Avenue Supermarts‘ goal to cater to key large towns and cities.

In addition to physical store expansions, Avenue Supermarts is also concentrating on its DMart Ready initiative, which focuses on key large towns. As of FY26, the company operates in 18 cities under this initiative, up from 1 city in FY17, reflecting its commitment to adapting to changing consumer preferences and the growing demand for online shopping.

The company’s product categories remain robust, with foods accounting for 57.90% of revenue in FY26, a slight increase from 57.73% in FY25. Non-foods (FMCG) and general merchandise & apparel categories also continue to contribute significantly to the revenue stream.

Avenue Supermarts’ expansion comes amid a competitive retail landscape in India, where the company seeks to maintain its edge through strategic location choices and a diverse product offering.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Avenue Supermarts reports Rs 17,205 crore revenue for Q4FY26 with 19% growth

Arunika Jain — Sat, 02 May 2026 12:00:49 +0000

Avenue Supermarts Ltd. (ASL), a leading food and grocery retailer in India, announced its financial results for the quarter and year ended 31st March 2026, showcasing robust growth in revenue and profit.

For the quarter ending March 31, 2026, Avenue Supermarts reported a standalone total revenue of ₹17,205 crore, marking a 19.0% year-on-year increase from ₹14,462 crore in the same period last year. The company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for Q4FY26 stood at ₹1,231 crore, a 25.5% rise compared to ₹981 crore in the corresponding quarter of the previous year. The EBITDA margin improved to 7.2% from 6.8% in Q4FY25.

The company’s Profit After Tax (PAT) for Q4FY26 was ₹725 crore, up 16.9% from ₹620 crore in the previous year’s corresponding quarter, with a PAT margin of 4.2%, slightly down from 4.3% in Q4FY25. Basic Earnings Per Share (EPS) increased to ₹11.13 from ₹9.52 for Q4FY25.

On a yearly basis, Avenue Supermarts’ total revenue for FY26 was ₹66,968 crore, reflecting a 15.9% increase from ₹57,790 crore in FY25. The EBITDA for FY26 was ₹5,255 crore, up 15.7% from ₹4,543 crore in FY25, with an EBITDA margin of 7.8%, slightly lower than 7.9% in the previous year. The net profit for FY26 was ₹3,224 crore, a 10.1% increase from ₹2,927 crore in FY25, with a PAT margin of 4.8% compared to 5.1% in FY25. The basic EPS for FY26 stood at ₹49.54, up from ₹44.98 in FY25.

The consolidated revenue for Q4FY26 was ₹17,684 crore, up from ₹14,872 crore in the same period last year. The consolidated EBITDA for the quarter was ₹1,211 crore, up from ₹955 crore, with an EBITDA margin of 6.8% compared to 6.4% in Q4FY25. The consolidated net profit for the quarter was ₹656 crore, up from ₹551 crore, with a PAT margin of 3.7%.

For the full year, consolidated revenue was ₹68,821 crore, up from ₹59,358 crore in FY25. The consolidated EBITDA was ₹5,187 crore, up from ₹4,487 crore, with a margin of 7.5%. The consolidated net profit for FY26 was ₹2,970 crore, up from ₹2,707 crore, with a PAT margin of 4.3%.

Avenue Supermarts added 58 new stores in Q4FY26 and 85 stores throughout FY26, reaching a total of 500 stores. The company’s DMart Ready business is operational in 18 cities as of March 31, 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Top Q4 Results Today, May 2: Kotak Mahindra Bank, DMart, APL Apollo Tubes, Netweb Technologies and more to announce earnings

Aman Shukla — Sat, 02 May 2026 05:12:06 +0000

A busy earnings day is underway as at least 26 companies are set to announce their Q4FY26 results for the January–March quarter on May 2. The disclosures will provide detailed insights into revenue growth, net profit, operating margins, and overall financial performance for the final quarter of FY26.

The results season continues to offer a clearer picture of how Indian corporates have performed across sectors such as banking, retail, capital goods, and manufacturing. Investors and analysts are closely tracking these updates to assess demand trends, cost pressures, and forward-looking guidance.

Among the prominent names scheduled to release earnings today are Avenue Supermarts Ltd., which operates the DMart retail chain, Kotak Mahindra Bank Ltd., one of India’s leading private lenders, and APL Apollo Tubes Ltd., a key player in the structural steel segment. Their performance is expected to set the tone for sectoral trends, especially in consumption and financial services.

Other companies lined up to report include Nitta Gelatin India Ltd., LG Balakrishnan & Bros Ltd., India Shelter Finance Corporation Ltd., Family Care Hospitals Ltd., Sharp Investments Ltd., Rhetan TMT Ltd., and Netweb Technologies India Ltd..

Along with quarterly numbers, companies are also expected to share full-year FY26 performance updates, offering a broader view of growth momentum and profitability trends. Management commentary during earnings calls will be crucial in understanding demand outlook, expansion plans, and sector-specific challenges.

Brokerage calls today, April 7: DMart, NMDC, Marico, Adani Ports, Dabur and more stocks in focus

Aman Shukla — Tue, 07 Apr 2026 03:28:58 +0000

Brokerage activity on April 7 reflects a mix of upgrades, sectoral tailwinds, and cautious outlooks amid geopolitical uncertainties. Retail, consumer staples, metals, and infrastructure names remained in focus.

Avenue Supermarts (DMart): Strong growth drives upgrades

Brokerages turned increasingly positive on DMart after a solid quarterly update.

CLSA maintained a high-conviction outperform rating with a target price of ₹6,583. The firm highlighted standalone revenue of ₹1,72,045 million, slightly ahead of estimates. Quarterly sales growth stood at 18.9% YoY, improving sequentially from 15.4% and 13.2% in the previous two quarters. Inflation also picked up, with CPI at 3% compared to 0.6% in Q3FY26, supporting value retail demand.

Store expansion remained aggressive, with 58 new additions in the quarter, taking the total store count to 500.

Morgan Stanley upgraded the stock to overweight and raised the target price to ₹5,188. It expects revenue growth to sustain at 19–20% in FY27–FY28, compared to ~16% in FY26. Higher inflation and faster store expansion are seen as key tailwinds, positioning DMart as a relatively defensive play within discretionary consumption.

NMDC: Iron ore price hike amid global cues

Morgan Stanley flagged a sharp increase in iron ore prices by NMDC, driven by multiple factors. Seaborne iron ore prices have risen to around $113/tonne, up ~8% since late February, partly due to Middle-East disruptions.

Domestic steel prices remain supported by demand and safeguard duties, while restocking activity continues to stay strong.

However, the brokerage cautioned that China’s steel supply reforms and increased shipments from Guinea’s Simandou project could weigh on global iron ore sentiment going forward. The evolving Middle-East situation remains a key variable.

Marico: Stable growth keeps outlook positive

HSBC retained a buy rating with a target price of ₹940, citing steady operational performance.

India business volumes grew in high single digits, while consolidated operating profit saw double-digit growth. Parachute continued to show resilience, value-added hair oils (VAHO) grew over 20% YoY, and the foods segment recovered with high-teen growth.

The brokerage continues to prefer Marico within the consumer staples space, supported by consistent execution and improving margins.

Adani Ports and Special Economic Zone: Volume growth offsets risks

Nomura maintained a buy rating with a target price of ₹1,850.

Cargo volumes rose 11% YoY in FY26 to 501 million tonnes, driven by strong container growth of 19%. While EBITDA estimates for FY26–27 were marginally cut by 1% due to war-related disruptions, overall growth visibility remains intact.

Revenue and EBITDA are expected to grow 14% and 13% YoY respectively in Q4FY26. The stock is seen trading at 11x FY28 EV/EBITDA.

Dabur: Mixed outlook amid global headwinds

Morgan Stanley maintained an underweight stance with a target price of ₹412.

Revenue growth for Q4 is expected to remain in mid-single digits, while EBITDA growth may slightly outpace revenue. Domestic demand showed sequential improvement, but geopolitical tensions impacted performance in the Middle-East region.

Management commentary points to gradual recovery in domestic demand, though external risks remain.

Cable & Wire Sector: Growth intact, margins under pressure

HSBC highlighted strong Q4 revenue growth driven by better realizations across the cable and wire segment. However, rising input costs and lower operating leverage are expected to weigh on profitability in the near term.

The brokerage retained:

Buy on Polycab India (TP ₹8,500)
Buy on R R Kabel (TP ₹1,610)
Hold on KEI Industries (TP ₹3,950)

Middle-East disruptions remain a near-term concern, though the long-term structural growth story for the sector is unchanged.

Avenue Supermarts reports Rs 17,204.50 crore revenue in Q4 FY26

Kinjal — Fri, 03 Apr 2026 11:24:51 +0000

Avenue Supermarts, the operator of the DMart retail chain, reported standalone revenue from operations of ₹17,204.50 crore for the quarter ending 31 March 2026. This marks a significant increase compared to the ₹14,462.39 crore recorded in the same quarter of the previous year.

The quarterly revenue figures for the past three years show a consistent upward trend. For the quarter ending 31 March 2024, Avenue Supermarts reported ₹12,393.46 crore, while the figure for the quarter ending 31 March 2023 was ₹10,337.12 crore. This growth trajectory highlights the company’s robust performance over the years.

As of 31 March 2026, Avenue Supermarts operated a total of 500 stores. This number includes one store located in Sanpada, Navi Mumbai, Maharashtra, which is currently closed for customers due to reconstruction efforts.

The reported standalone revenue for the quarter ending 31 March 2026 is subject to audit by the company’s statutory auditors. Further details can be accessed on the company’s official website under the Investor Relations section.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Avenue Supermarts opens 5 new stores, takes total count to 477

Arunika Jain — Fri, 27 Mar 2026 13:32:47 +0000

Avenue Supermarts, the operator of the DMart retail chain, opened five new stores on 27 March 2026, expanding its footprint across multiple Indian states.

The new stores were inaugurated in Tirunelveli in Tamil Nadu, Padoli in Chandrapur (Maharashtra), Bareilly in Uttar Pradesh, Sumthana in Nagpur (Maharashtra), and Shahapur in Thane (Maharashtra). With these additions, the company’s total store count has reached 477.

The store opening announcement was communicated to the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) through a regulatory filing dated 27 March 2026. The notification was signed by Ashu Gupta, Company Secretary and Compliance Officer at Avenue Supermarts.

The expansion reflects the company’s ongoing strategy to enhance its retail presence across the country. DMart operates a network of convenience retail stores offering a range of fast-moving consumer goods and household products. The latest store additions demonstrate the company’s commitment to serving customers in tier-II and tier-III cities as well as suburban areas across India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Avenue Supermarts opens new store in Sriperumbudur, total count reaches 470

Kinjal — Wed, 25 Mar 2026 12:20:39 +0000

Avenue Supermarts has expanded its retail footprint by opening a new store in Sriperumbudur, Kancheepuram, Tamil Nadu. This latest addition brings the company’s total number of stores to 470 as of today.

The new store opening is part of Avenue Supermarts‘ ongoing strategy to increase its presence across India, catering to the growing demand for retail services in various regions. The company, known for its popular retail chain DMart, continues to focus on providing a wide range of products at competitive prices, a strategy that has contributed to its steady growth and expansion.

This development marks another milestone for Avenue Supermarts as it continues to strengthen its market position in the Indian retail sector. With each new store, the company aims to enhance customer convenience and accessibility, further solidifying its reputation as a leading retail player.

The opening of the Sriperumbudur store aligns with Avenue Supermarts’ commitment to reaching more customers and offering them a comprehensive shopping experience. As the company continues to grow its store network, it remains focused on maintaining high standards of service and product availability.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Avenue Supermarts opens new store in Bhopal, total count reaches 467

Business Desk — Mon, 23 Mar 2026 12:56:32 +0000

Avenue Supermarts has expanded its retail footprint by opening a new store at Bling Square Mall in Bhopal, Madhya Pradesh. This latest addition brings the total number of Avenue Supermarts stores to 467 as of today.

The company, which operates under the brand name DMart, continues to strengthen its presence across India with strategic store openings. The new Bhopal location is expected to cater to the growing demand for quality retail services in the region, providing a wide range of products to local consumers.

Avenue Supermarts’ expansion strategy focuses on reaching more customers by establishing stores in key locations. The company aims to offer convenience and accessibility to its diverse customer base, ensuring that its stores are well-stocked with essential items and a variety of other goods.

The opening of the Bhopal store is part of Avenue Supermarts’ ongoing efforts to enhance its market position and increase its reach within the Indian retail sector. By continuously adding new locations, the company is poised to capture a larger share of the retail market, meeting the needs of consumers across different regions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Avenue Supermarts opens two new stores in Jodhpur and Bengaluru, total reaches 466

Arunika Jain — Fri, 20 Mar 2026 12:17:54 +0000

Avenue Supermarts has expanded its retail footprint by opening two new stores in India. The new outlets are located in Sangariya, Jodhpur, Rajasthan, and Malleshwaram, Bengaluru, Karnataka, bringing the total number of stores to 466.

The company, known for its popular retail chain DMart, continues to strengthen its presence in key markets across the country. The addition of these stores aligns with Avenue Supermarts‘ strategy to enhance its reach and cater to a broader customer base.

The new store in Jodhpur is expected to serve the growing demand in Rajasthan, while the Bengaluru store aims to tap into the bustling market of Karnataka’s capital city. Both locations are strategically chosen to maximise customer convenience and accessibility.

Avenue Supermarts’ expansion comes amid a competitive retail landscape in India, where the company continues to maintain its position as a leading player. The consistent growth in its store count reflects its commitment to scaling operations and meeting consumer needs effectively.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Top stocks to watch today, January 12: IREDA, HDFC Life, SBI Life, Lemon Tree, DMart, ICICI Prudential and more

Aman Shukla — Mon, 12 Jan 2026 02:29:22 +0000

As of January 12, 2026, several companies have released updates on financial performance, business developments, and other corporate news. This guide highlights key stocks based on recent announcements, providing details for investors tracking market movements. Here’s a list of stocks to watch today.

Stocks to Watch Today – January 12, 2026

IREDA

Net profit reported at Rs 584.9 crore compared to Rs 425.4 crore year-over-year. Net interest income at Rs 897.5 crore versus Rs 665.8 crore year-over-year.

Shriram Finance

Moody’s upgrades outlook to positive and affirms Ba1 rating.

Manappuram Finance

Company denies report on deal delay with Bain Capital due to regulatory concerns.

ICICI Pru Life

December premium up 25.1% year-over-year to Rs 1,945 crore.

HDFC Life

December premium up 14.6% year-over-year to Rs 3,108 crore.

SBI Life

December premium up 19% year-over-year to Rs 6,337 crore.

LIC

December premium up 57.5% year-over-year to Rs 21,294 crore.

Ujjivan SFB

CRISIL Ratings reaffirms ‘CRISIL A1+’ rating on certificate of deposits program.

Capri Global

Enhancement in commercial paper program limit from Rs 700 crore to Rs 1,500 crore.

Spandana Sphoorty

Evaluating prospects of merger of arm Criss Financial into the company.

ICICI Lombard

Draft Q3 financials accidentally shared on WhatsApp; internal inquiry underway.

ICICI Prudential

Retail weighted received premium at Rs 2,043 crore, up 9.3% year-over-year.

NBCC

Established branch office in Dubai Mainland for project management services.

Lemon Tree

Announces reorganization; Warburg Pincus to invest Rs 960 crore in Fleur Hotels.

Phoenix Mills

Retail portfolio consumption up 20% year-over-year at Rs 4,787 crore. Gross residential sales at Rs 140 crore versus Rs 58 crore year-over-year.

Ashiana Housing

December-quarter value of area sold at Rs 4.01 billion. Area booked at 5.56 lakh square feet in Q3, compared with 6.77 lakh square feet a year earlier.

Embassy Developments

Records pre-sales of Rs 13.92 billion during Q3.

ITC Hotels

Secures land on lease from IICC for developing a 5-star hotel, with lease premium of Rs 326.50 crore.

Signature Global

Q3 update: Pre-sales fall 27% year-over-year, collections rise 14%.

NTPC

MAHAGENCO and company signed SHA to acquire Sinnar Thermal Power Ltd (1,350 MW).

Vedanta

Gets NCLT nod for demerger scheme filed by Talwandi Sabo Power & Vedanta.

Saatvik Green

Subsidiary receives and accepts order for supply of solar PV modules.

Websol

Andhra Pradesh government approves proposal for 4 GW solar cell and module expansion plant at MPSEZ Naidupeta.

Ellenbarrie

Signed 25-year power delivery agreement with Pattikonda Renewables on January 10, 2026.

Torrent Power

Clarifies news item on plans to invest Rs 1 lakh crore in energy and build new B2C platforms; states no undisclosed information impacting share price.

Tata Power

Acquired 100% equity stake in Jejuri Hinjewadi Power Transmission Limited for Rs 2.42 crore.

Urja Global

Issuer rating reaffirmed as Care BB-; Stable by CARE Ratings Ltd.

Globus Spirits

Net profit at Rs 31.4 crore versus Rs 0.7 crore, revenue at Rs 940 crore versus Rs 880 crore year-over-year.

Lloyds Engineering

Signed exclusive design, manufacture, and sell agreement for EPS Gen 4 cells with The Materials Works Limited, USA.

Crompton Greaves

Launched 70W and 80W Dynaray LED lamps.

Nibe

Subsidiary gets firearms manufacturing license from Ministry of Home Affairs.

Stylam Industries

Receipt of draft letter of offer for open offer from Aica Kogyo to acquire up to 44,06,496 equity shares, representing 26% of voting share capital.

Sigachi Industries

Ketan Doshi bought 56.83 lakh shares at Rs 29.91 per share.

Sequent Scientific

Changes name to Viyash Scientific, effective January 8, 2026.

Gravity (India)

Approves appointment of Mr. Kuldipsinh Rathod as additional director and chief financial officer.

Newtime Infrastructure

Appointment of Ms. Deepti Sharma as chief financial officer and key managerial personnel, effective January 9, 2026.

Auto Pins (India) Ltd

Resignation of Ms. Priti Mishra as chief financial officer and key managerial personnel.

Akzo Nobel

Appoints Parth Jindal as chairman effective January 9, 2026.

Mastek

Step-down subsidiary Mastek Systems in Malaysia initiates voluntary winding up.

NIIT Learning

Acquired 100% of SweetRush, Inc. for aggregate consideration of up to USD 26 million.

Nippon AMC

Shareholders approved appointment of Mr. Sundeep Sikka as MD and CEO with 98.08% votes in favor.

Tejas Network

Net loss at Rs 197 crore versus profit of Rs 166 crore, revenue at Rs 307 crore versus Rs 2,642 crore year-over-year.

Kernex Microsystems

Could not complete order within timeline due to delays in certification process.

Bhagyanagar India

Disclosure of resignation of Shri Narender Surana as managing director.

DMart

Net profit up 17% at Rs 856 crore versus Rs 733 crore, revenue up 13.3% at Rs 18,101 crore versus Rs 15,972 crore year-over-year.

ITC

Received letter of allotment from India International Convention & Expo Centre for leasehold land in New Delhi, valued at Rs 326.50 crore.

CUPID

To consider bonus issue of shares on January 29.

Travel Food Services

TFS Delhi T3 enters license agreement with Dial.

Veerhealth Care Ltd

Received order valued at Rs 1.72 crore from prominent Indian FMCG company.

SKM Egg Products Export (India) Ltd

Ex-date Monday for stock split from Rs 10 to Rs 5.

Fortis Healthcare

Successful consummation of acquisition of TMI Healthcare Pvt Ltd by wholly-owned subsidiary International Hospital Ltd.

Dr. Reddy’s Laboratories

Received Post-Application Action Letter from USFDA for Bachupally biologics facility.

Indigo

DGCA reinstates Rs 20 lakh penalty on directors.

Bank of Baroda

Maintains overnight MCLR at 7.80% effective January 12, 2026.

Mahindra & Mahindra

December business update: Total sales volumes rise 27% year-over-year to 85,501 units, production increases 25.4%.

Dhruv Consultancy

Bags Rs 2.58 crore NHAI project for Dhule Ring Road DPR.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

DMart shares drop over 2% after Q2 results

Aman Shukla — Mon, 13 Oct 2025 04:18:12 +0000

Shares of DMart (Avenue Supermarts Ltd) fell over 2% in early morning trade today after the company announced its Q2 FY26 financial results. As of 9:46 AM, the shares were trading 1.89% lower at Rs 4,238.60.

During the quarter, DMart’s revenue from operations rose 15.44% year-on-year (YoY) to ₹16,676.3 crore, up from ₹14,444.5 crore in Q2 FY25. Total income for the quarter stood at ₹16,695 crore, compared with ₹14,478 crore in the same period last year.

The company reported a net profit of ₹684.85 crore for Q2 FY26, marking a modest 3.85% increase from ₹659.44 crore in Q2 FY25. Sequentially, net profit was lower than ₹772.81 crore recorded in the June 2025 quarter, impacted by higher operating expenses.

Total expenses for the quarter grew to ₹15,751 crore, up from ₹13,574 crore a year ago, mainly due to increased purchases of stock-in-trade and higher employee costs.

DMart’s EBITDA rose 11% YoY to ₹1,213.8 crore from ₹1,093.8 crore in Q2 FY25. However, EBITDA margin slightly declined to 7.28% from 7.57% in the same quarter last year, indicating some cost pressures.

For the first half of FY26, DMart reported a net profit of ₹1,457.6 crore, a 2% YoY increase, while total income rose 15% to ₹33,075 crore from ₹28,588 crore in H1 FY25.

Why are DMart shares up over 5% today? Explained

Aman Shukla — Wed, 30 Jul 2025 06:58:34 +0000

Shares of Avenue Supermarts Ltd, the operator of DMart, rose over 5% following the company’s recent analyst meet, where it outlined an aggressive expansion strategy. As of 12:26 PM, the shares were trading 5.45% higher at Rs 4,216.80.

DMart said it plans to double down on investments to open more stores across the country, reinforcing its commitment to long-term growth through physical retail.

Despite the growing popularity of quick commerce platforms, DMart emphasised that it does not see this trend affecting its core financial metrics. The company remains confident in its traditional offline retail model and believes its value-driven format continues to resonate with Indian consumers.

DMart shares traded higher today, opening at ₹3,999.00 and touching a high of ₹4,230.00 during the session. The stock had a low of ₹3,999.00 and closed higher compared to its previous close of ₹3,999.00. Over the past 52 weeks, DMart shares have moved between ₹3,340.00 and ₹5,484.85.

Top stocks in focus on July 14; DMart, Glenmark Pharma, VIP Industries, NCC, RITES, Ajmera Realty and more

Aman Shukla — Mon, 14 Jul 2025 03:09:37 +0000

Indian benchmark indices Sensex and Nifty 50 are expected to start lower on Monday, July 14, 2025, following mixed global cues. Here are some stocks likely to be in focus during the day’s trade:

NCC Ltd: The company has secured a ₹2,269 crore contract from the Mumbai Metropolitan Region Development Authority (MMRDA) for the construction of Mumbai Metro Line 6.

IRB Infrastructure: The company reported a 5% rise in toll collections for June and an 8% increase in toll revenue for Q1 year-on-year.

HFCL: The board has approved a ₹125.55 crore investment to expand its IBR cable manufacturing capacity.

Wockhardt: The company has exited its loss-making US generics business, reporting a loss of $8 million for FY25 from the segment.

Global Health: The Delhi High Court has not stayed the construction of Global Health’s hospital project, following a petition filed against it.

Ajmera Realty: The company’s Q1 sales value fell, but collections rose 42% compared to the same period last year.

Gland Pharma: The company received a Good Manufacturing Practice (GMP) compliance certificate from the Danish Medicines Agency.

Indegene: The company has launched “NEXT,” a medical writing automation platform.

RITES Ltd: RITES has received an order worth ₹46 crore for a construction project in Karnataka.

Castrol India: A tribunal has ruled in favour of the company in a tax dispute case in Maharashtra.

BEML: The board is scheduled to meet on July 21 to consider a stock split proposal.

Divi’s Laboratories: MSN Laboratories has won a patent litigation related to Novartis’ cardiac drug, Entresto, which may have implications for Divi’s.

Avenue Supermarts (DMart): The company’s earnings missed market estimates, with margins declining nearly 100 basis points year-on-year.

Glenmark Pharma: The company received a warning letter from the USFDA regarding its manufacturing facility in Indore.

VIP Industries: VIP has confirmed a news report that a consortium led by Multiples PE is looking to acquire up to 58% stake in the company at ₹388 per share.

Kolte Patil Developers: Q1 sales value fell by 13.3% and collections were down 10.1% year-on-year.

Allcargo Terminals: The company reported a 4.5% month-on-month decline in CFS volumes for June, totalling 48.7 TEUs.

Sula Vineyards: The company’s Q1 revenue dropped 8%, while sales of its own brands fell 11% year-on-year.

Q4 Results Today, May 3: SBI, Kotak Mahindra Bank, DMart, Indian Bank and others to announce earnings

Aman Shukla — Sat, 03 May 2025 03:14:16 +0000

The earnings season continues into its second month as several major Indian companies are set to announce their financial results for the quarter and year ended March 31, 2025. According to the BSE corporate actions calendar, key companies scheduled to release their Q4 FY25 results today include prominent names from banking, retail, IT, manufacturing, and specialty sectors.

Major Companies Announcing Q4 Results Today

Here is the full list of companies scheduled to declare their Q4FY25 earnings on Saturday, May 3, 2025:

State Bank of India (SBI)
Kotak Mahindra Bank
Avenue Supermarts (DMart)
Indian Bank
Utkarsh Small Finance Bank

These financial institutions and retail majors are expected to provide insights into their performance over the last quarter, with market participants keeping a close watch on loan growth, asset quality, consumer trends, and overall profitability.

Other Listed Companies Declaring Results

In addition to the large-cap names, several small- and mid-cap firms from diverse sectors will also be disclosing their financials:

Agri-Tech (India)
Ceinsys Tech
Deccan Bearings
Dhruva Capital Services
D-Link (India)
Gowra Leasing & Finance
Hemadri Cements
Ksolves India
Medinova Diagnostic Services
Netweb Technologies India
Nila Infrastructures
Odyssey Technologies
Privi Speciality Chemicals
Solarium Green Energy
Sunrise Industrial Traders
Surana Solar
Swojas Foods
Voltamp Transformers
Vardhman Textiles

Disclaimer: This article is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any stock. Readers are advised to consult their financial advisor before making any investment decisions.

DMart Q4 FY25 Update: Revenue rises 16.7% YoY to Rs 14,462 crore, store count reaches 415

Aditya Bhagchandani — Thu, 03 Apr 2025 11:55:14 +0000

Avenue Supermarts Limited, the operator of the DMart retail chain, reported a solid financial performance for the quarter ended March 31, 2025 (Q4 FY25). The company posted a standalone revenue from operations of ₹14,462.39 crore, marking a robust 16.7% year-on-year growth compared to ₹12,393.46 crore in the same quarter last year.

This also marks a significant improvement from Q4 FY23 and Q4 FY22, when the company posted revenues of ₹10,337.12 crore and ₹8,606.09 crore, respectively. The growth underscores continued consumer traction and DMart’s strong operational footprint across India.

As of March 31, 2025, the total number of operational DMart stores stood at 415, indicating ongoing expansion momentum despite challenges in the retail environment.

The revenue figures disclosed are subject to audit by the company’s statutory auditors. Avenue Supermarts noted that detailed financial results will be shared after board approval in the coming weeks.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

DMart (Avenue Supermarts) shares fall 5% after Q3 results miss estimates

Aditya Bhagchandani — Mon, 13 Jan 2025 03:45:12 +0000

Shares of Avenue Supermarts, the operator of retail chain DMart, plunged over 5% today following the release of its Q3 FY25 results, which fell short of market expectations.

Key Financial Highlights:

Net Profit: ₹723.54 crore, up 4.9% YoY (₹690 crore in Q3 FY24).
Revenue: ₹15,973 crore, up 17.6% YoY (₹13,572 crore in Q3 FY24).
EBITDA Margin: 7.6% in Q3 FY25 vs. 8.3% in Q3 FY24.
PAT Margin: Declined to 5% from 5.5% YoY.
Expenses: Total expenses rose to ₹15,001.64 crore from ₹12,656.46 crore YoY.

Brokerage Reaction:

ICICI Securities maintained a ‘reduce’ rating on Avenue Supermarts with a target price of ₹3,300, implying a downside from the current market price of ₹3,702.35.

Key Insights from ICICI Securities:

Medium-Term Growth Concerns: Uncertainty over the company’s medium-term growth trajectory remains a critical issue.
Operational Recovery: Like-for-like growth showed improvement, signaling some operational positives.
Revised Estimates: Earnings estimates were reduced by 1% for FY25 and 3% for FY26, driven by lower margin assumptions.

As of 9:15 am the shares were trading 5.03% lower at ₹3,501.00 on NSE.

Avenue Supermarts Share Price history

Day	Open	Close	Change %
Fri, Jan 10 2025	₹3,837.80	₹3,686.25	-3.34%
Thu, Jan 9 2025	₹3,853.50	₹3,813.80	-0.76%
Wed, Jan 8 2025	₹3,857.00	₹3,843.00	+0.33%
Tue, Jan 7 2025	₹3,934.00	₹3,830.30	-2.65%
Mon, Jan 6 2025	₹4,025.20	₹3,934.75	-2.25%
Fri, Jan 3 2025	₹3,840.00	₹4,025.20	+11.47%
Thu, Jan 2 2025	₹3,564.95	₹3,611.10	+1.41%
Wed, Jan 1 2025	₹3,560.00	₹3,561.00	-0.02%

Top stocks to watch in trade today: DMart, PCBL, Biocon, Just Dial, Waaree Energies and more

Aman Shukla — Mon, 13 Jan 2025 03:19:51 +0000

Markets are expected to remain volatile today, continuing the downward trend observed last week. On Friday, the BSE Sensex ended 241 points lower at 77,378.91, a dip of 0.30%. Meanwhile, the Nifty50 dropped 95 points, closing at 23,431.50, a decline of 0.40%. Here’s a roundup of stocks to watch:

Key Stocks in Focus

ONGC/OIL: Crude oil prices surged by 2%, with Brent crude surpassing $81 per barrel following US sanctions on Russian oil.
SBI Life: The company reported a 15% growth in December premium collections, with total annualized premium equivalent (APE) increasing by 16% year-on-year.
Biocon: The company’s insulin manufacturing facility in Malaysia has received clearance from the US FDA, marking a significant milestone.
Godrej Properties: Entered the Hyderabad market with a residential project in Kokapet, estimated to generate a booking value of ₹1,300 crore.
PCBL: Posted a 21% increase in Q3 revenue, while EBITDA rose by 14% year-on-year.
Just Dial: Reported a quarter-on-quarter improvement, with Q3 margins up 130 basis points and revenue growing nearly 1%.
Waaree Energies: Announced the acquisition of Enel Green Power’s India business for ₹792 crore.
ICICI Prudential Life Insurance: December premium collections rose by 4%, with total APE growing 11% year-on-year.
Axis Max Life: Witnessed a 3% rise in December premium collections and a 7% increase in total APE year-on-year.
Sunteck Realty: Achieved a 21.2% increase in Q3 pre-sales, with collections rising 26% quarter-on-quarter.
Oberoi Realty: Appointed as the developer for a MHADA land parcel with a free-sale potential of 3.2 lakh square feet.
Equinox: Turned profitable in Q3 with a net profit of ₹2.9 crore, compared to an EBITDA loss of ₹33 crore year-on-year.
Interarch: Secured orders worth ₹221 crore in the semiconductor and lithium-ion battery sectors from Tata Projects.
NLC India: Its renewables arm signed a joint venture with Assam DISCOM to develop 1,000 MW solar power projects.
GR Infraprojects: Announced that its ₹2,187 crore Vadodara road project is ready for commercialization.
Signature Global: Acquired a 16.12-acre land parcel in Gurugram with a development potential of 2.73 million square feet.
IOB (Indian Overseas Bank): Invited bids to sell 46 non-performing asset accounts worth ₹11,434 crore.
UGRO Capital: Reported a 32% year-on-year rise in Q3 assets under management (AUM) and gross loan origination.
Sarda Energy: Commenced trial production at its 25 MW hydro project, synchronized with the grid.
Escorts: Announced plans to launch a new product series in its agricultural machinery segment.
HEG: Signed a non-binding MoU with Sri Lanka-based CGT for graphene technology development.
Reliance Infrastructure: Established two new subsidiaries for its electric vehicle business, with ADA and Son to be classified as public shareholders.

Nuvama cuts target price for DMart (Avenue Supermarts) stock by nearly Rs 1000 post Q3 results

Markets Desk — Mon, 13 Jan 2025 01:25:44 +0000

Nuvama has maintained a ‘HOLD’ rating on Avenue Supermarts (DMart) following its Q3FY25 earnings, citing pressure on margins amid rising competition and the company’s focus on market share over profitability. The brokerage has revised its target price downward to ₹4,212 from ₹5,040, reflecting a significant reduction in revenue and PAT estimates for FY25 and FY26 by 0.5%/11% and 2.1%/17.4%, respectively.

Strong revenue growth and store expansion

DMart reported a 17.5% YoY revenue growth and a 10.8% QoQ increase for Q3FY25, underpinned by a blended like-to-like (LFL) growth of 8.3%. Revenue per square foot stood at ₹39,035, up 3% YoY but still 2% below pre-COVID levels. Bills cut per store rose 3.4%, while the average bill size remained flat.

The company opened 10 new stores during the quarter, bringing the total count to 387. Over 9MFY25, DMart added 22 stores compared to 17 in the same period last year and is on track to meet its annual target of 45 new stores, aided by its pattern of higher Q4 store additions.

DMart Ready’s steady growth

DMart Ready, the company’s e-commerce arm, recorded a 21.5% growth in H1FY25, continuing its strong trajectory following a 32% full-year growth in FY24. Improved delivery execution has bolstered the segment, although higher discounts, particularly in the FMCG category, have weighed on profitability.

Margin pressures persist

Gross margins declined to 14.1%, missing estimates of 14.5% and dropping 10 basis points YoY and 40 basis points QoQ. The decline was attributed to customers favoring food over non-food products, driven by price competition in the food segment amid quick-commerce competition. Operating expenses rose due to service improvements and future investments, causing EBITDA margins to remain below pre-COVID levels at 7.9%, despite a 10.2% YoY growth in EBITDA to ₹10.3 billion.

Nuvama anticipates that DMart’s margin pressures will persist as management prioritizes market share growth. While the company’s robust store expansion strategy and revenue growth remain key positives, the challenges of maintaining profitability in a competitive environment weigh on its outlook.

DMart Q3 FY25 Results: Check date, time, key expectations, and other key details

Aditya Bhagchandani — Sat, 11 Jan 2025 02:42:35 +0000

Avenue Supermarts Ltd, the parent company of DMart stores, is gearing up to release its financial results for the quarter and nine months ended December 31, 2024. The announcement will take place on Saturday, January 11, 2025, following a meeting of the company’s Board of Directors.

Q3 FY25 Earnings Expectations:

Profit After Tax (PAT): Analysts estimate an 18% YoY growth in PAT, expected at ₹873 crore, compared to ₹736 crore in Q3 FY24.
Revenue: Revenue from operations is projected to grow by 17.3% YoY to ₹15,571 crore, up from ₹13,247 crore in the same period last year.
EBITDA: EBITDA is expected to rise by 17.3% YoY to ₹1,315 crore, with the margin slightly declining to 8.4% compared to 8.5% in Q3 FY24.

Key Drivers:

Store Expansion: Revenue growth is attributed to store additions and higher discounts offered during the quarter.
General Merchandise: Marginal improvement in the sale of general merchandise and apparel is expected due to better consumer sentiment.
Margins: EBITDA margins might dip due to increased operating expenses, driven by aggressive store expansion and weaker gross margins.

Key Insights to Watch:

Same-Store Sales Growth (SSSG) rate.
Commentary on the impact of e-commerce and quick commerce on operations.
Updates on expansion plans for FY25.
Insights into general merchandise and apparel sales outlook.

Market Performance:

On Friday, Avenue Supermarts’ shares ended at ₹3,685.70 on the BSE, down 3.34% from the previous close. The stock reached an intra-day high of ₹3,842.20 and a low of ₹3,666.65 during trading hours.

Avenue Supermarts reports revenue growth of 17.5% YoY to Rs 15,565 crore for Q3 FY2024-25

Matrika Shukla — Thu, 02 Jan 2025 11:36:56 +0000

Avenue Supermarts Limited, the operator of the DMart retail chain, has announced its standalone revenue from operations for the third quarter (October-December) of the financial year 2024-25. The company reported revenue of ₹15,565.23 crores for the quarter ended December 31, 2024, marking a notable year-on-year growth.

Revenue Growth Over Three Years

The company also shared a comparison of revenue figures for Q3 over the last three years, showcasing consistent growth:

Q3 FY2024-25: ₹15,565.23 crores
Q3 FY2023-24: ₹13,247.33 crores
Q3 FY2022-23: ₹11,304.58 crores
Q3 FY2021-22: ₹9,065.02 crores

This represents a compound annual growth rate (CAGR) of approximately 19% over the period.

As of December 31, 2024, DMart operates a total of 387 stores across India, reflecting the company’s steady expansion strategy.

The standalone revenue figure reported for Q3 FY2024-25 is provisional and subject to limited review by the company’s statutory auditors.

Further details are available on Avenue Supermarts’ official website under the Investor Relations section.

DMart shares drop 2% after Goldman Sachs maintains ‘Sell’ rating

Aman Shukla — Wed, 11 Dec 2024 04:25:43 +0000

Avenue Supermarts (DMart) shares fell 2% after Goldman Sachs maintained its ‘Sell’ rating, slashing its target price to ₹3,425 from ₹4,000.

The brokerage cited rising competitive pressures and a lack of differentiation in key market segments. Goldman Sachs has reduced its earnings estimates for DMart by 4.2%, 6.2%, and 6.1% for FY25, FY26, and FY27, respectively.

The report highlights DMart’s increased grocery price discounts, rising from 15% to 25% in just five months, signaling heightened pricing challenges. Furthermore, DMart lacks a significant competitive edge in fresh food categories in urban markets, which are critical for growth. The company’s operating model also limits its reach in India’s vast grocery market, constraining expansion potential.

DMart shares opened at ₹3,700.00, reaching a high of ₹3,760.00 and a low of ₹3,676.90 during the session. The stock remains well below its 52-week high of ₹5,484.85 and above its 52-week low of ₹3,564.00.

As of 9:53 am, DMart shares were trading 1.96% lower at Rs 3,742.00 on the NSE.

Goldman Sachs cuts target price for DMart to Rs 3,425 from Rs 4,000 citing competitive pressure

Markets Desk — Wed, 11 Dec 2024 01:16:28 +0000

Goldman Sachs has maintained its ‘Sell’ rating on Avenue Supermarts (DMart) while reducing the target price to ₹3,425 from ₹4,000, citing increasing competitive challenges and a lack of differentiation in key market segments.

The brokerage has lowered its earnings estimates for DMart by 4.2%, 6.2%, and 6.1% for FY25, FY26, and FY27, respectively. Goldman Sachs notes that DMart has raised its grocery product price discount from approximately 15% over MRP in July 2024 to 25% in December 2024, highlighting intensified pricing pressure.

The report further states that DMart does not hold a significant competitive advantage in fresh food categories in urban areas, which are crucial for growth. Additionally, vast sections of India’s grocery market are not addressable by DMart’s current operating model, limiting its market reach.

Goldman Sachs believes that these factors are likely to challenge DMart’s ability to sustain its competitive moat and navigate the evolving retail environment effectively.

JPMorgan downgrades Avenue Supermarts post Q2 results, cuts target price by 13%

Markets Desk — Mon, 14 Oct 2024 02:13:14 +0000

JPMorgan has downgraded Avenue Supermarts (DMart) to a “Neutral” rating, cutting its target price by approximately 13% from ₹5,400 to ₹4,700. The downgrade comes after the company’s Q2 results fell below expectations, with revenue growth slowing to 14% year-on-year, down from 18% in Q1. The slowdown is attributed to a decline in like-for-like (LFL) growth, which moderated to 5.5% compared to 9.1% in the previous quarter.

JPMorgan highlighted a shift in the company’s narrative. Despite Avenue Supermarts’ management stating two months ago that the impact of Quick Commerce (QC) on growth would be marginal, the latest press release acknowledged the influence of online grocery formats, including DMart Ready, particularly in high-throughput metro stores.

The unexpected moderation in same-store sales growth (SSSG) has prompted JPMorgan to revise its revenue and SSSG forecasts for FY25-26E down by 4-6%. This revision has led to further cuts in margin and earnings estimates, with FY25/26E EBITDA projections reduced by 8% and 10%, respectively

Avenue Supermarts (DMart) stock declines over 3% – Check Details

Aditya Bhagchandani — Mon, 07 Oct 2024 06:21:05 +0000

Shares of Avenue Supermarts Ltd, operator of DMart, dropped over 3.6% today to trade at ₹4,566.95 following a mixed reaction from brokerages on its Q2FY25 business update. The company reported a 14% year-on-year rise in standalone revenues to ₹14,050 crore for the quarter ended September 2024. However, concerns were raised regarding the pace of growth.

Morgan Stanley maintained an ‘Overweight’ rating on Avenue Supermarts with a target price of ₹5,769, noting that the revenue growth was slower than anticipated but operational metrics showed improvement. The firm awaits further clarification from the management in the upcoming Q2 results.

Macquarie rated DMart as ‘Outperform’ with a target price of ₹5,600, pointing out that store additions and sales growth have slowed. They anticipate a sequential decline in gross margins due to changes in the product mix.

Goldman Sachs took a bearish stance, maintaining a ‘Sell’ rating with a target price of ₹4,050, highlighting a slowdown in growth, attributed to a rise in quick commerce and a decrease in Same Store Sales Growth (SSSG).

Citi also echoed a negative sentiment with a ‘Sell’ rating and a target price of ₹3,350, suggesting that throughput is being affected by an unfavorable product mix and store additions.

As of September 30, Avenue Supermarts operated 377 stores across the country, adding six new stores in the quarter. Analysts at Goldman Sachs pointed out potential risks in store expansions and growth estimates. The company aims to add 45 stores in FY25 within a medium-term target of 45-60 stores per year.

Bersnstein initiates coverage on consumer sector, rates DMart, Trent Jubilant as Outperform

Markets Desk — Wed, 28 Aug 2024 01:38:39 +0000

Global investment firm Bernstein has initiated coverage on seven key stocks in the Indian retail and restaurant sector, delivering a mixed outlook with four stocks rated as “Outperform” and two as “Underperform.”

The firm has given an “Outperform” rating to Avenue Supermarts (DMart) with a target price (TP) of Rs 6,300, Trent with a TP of Rs 8,100, Jubilant FoodWorks with a TP of Rs 800, and Devyani International with a TP of Rs 210. These companies are expected to benefit significantly from the expanding opportunities in India’s organized retail and restaurant markets.

On the other hand, Aditya Birla Fashion and Retail Ltd (ABFRL) and Westlife Foodworld Ltd have been rated as “Underperform” with target prices of Rs 270 and Rs 700, respectively. Sapphire Foods has been rated as “Market-Perform” with a target price of Rs 1,700.

Bernstein’s analysis highlights that for over two decades, both investors and companies have been anticipating the emergence and spending potential of India’s middle class. However, the firm suggests that this wait has been more about supply at the right value than a lack of demand. With organized retailers scaling up, Bernstein believes that there is an opportunity to unlock demand beyond the top 10% of the income pyramid and outside the top 40 cities, offering tremendous value creation opportunities that are accessible today without further delay.

Avenue Supermarts shares rise after opening new DMart store in Coimbatore

Aditya Bhagchandani — Thu, 20 Jun 2024 05:11:49 +0000

Shares of Avenue Supermarts, which owns and operates India’s leading supermarket chain DMart, saw an increase on June 20. This rise came after the company announced the opening of a new store in Mettupalayam, Coimbatore, Tamil Nadu.

With this recent launch, DMart now has a total of 369 stores across the country.

As of 10:40 am, Avenue Supermarts’ shares were trading at ₹4,929.05.

Geojit Financial highlights Avenue Supermarts’ strong growth potential due to its healthy balance sheet with no debt and strong operational efficiency.

DMart Q1 FY-24 Results: Net profit rises by 2% to Rs. 659 crore; Check details

Sidharth Badlani — Sat, 15 Jul 2023 11:08:42 +0000

The retail chain DMart’s operator, Avenue Supermarts, announced on July 15 a consolidated net profit of 658.71 crore for the first quarter of the fiscal year 2023–24, an increase of 2% over the same quarter a year earlier.

In comparison to the prior quarter, the company’s net profit increased by 43% to 460.10 crore. Consolidated revenue from operations increased by 18.2 percent YoY (year over year) to $11,865.44 crore from $10,038.07 crore in the prior year, according to the company. From the previous quarter’s $10,594.11 crore, the revenue increased by 12%.

Following the conclusion of the Friday session last week, the Avenue Supermarts share price on the NSE finished at levels of 3,840 rupees per share.

Avenue Supermarts reported that its revenue from operations for the quarter ended March 2023 was $10,337 crore for the fiscal year 2022–2023; this represents a 20% increase from the corresponding quarter last fiscal’s reported revenue from operations of $8,606.09 crore. According to company management, there would have been 324 outlets overall end of March 31, 2023.

While the revenue of DMart has risen 18% percent, the net profit has risen by only 2%. This might reflect that the company hasn’t passed on increased input prices to customers in the form of increased price. Alternatively, it may also imply an increase in indirect costs such as interest or salaries.

Stocks To Watch Today: Nykaa, Tata Steel, Dmart, Hero MotoCorp, Equitas Small Finance Bank

Markets Desk — Thu, 06 Apr 2023 01:18:55 +0000

The SGX Nifty signals a weak start for the Sensex, Nifty today. Cues from US markets also remained negative as Dow Jones, S&P 500 and Nasdaq ended lower on Wednesday. Markets in India will take cues from the big event of RBI Monetary Policy today. However, a 25 bps rate hike by the central bank is largely priced in.

Top stocks to watch today are Nykaa, Tata Steel, Dmart, Hero MotoCorp, Equitas Small Finance Bank, besides others.

Nykaa (FSN E-commerce Ventures): Shares of Nykaa will be in focus after the company in its business update said that consumer pullback in discretionary spends has had some impact on their fashion business and revenue growth for this business in Q4FY23 is seen in the late teens.

Tata Steel: Tata Steel’s India production volumes grew by over 5% to 5.15 million tonnes in Q4FY23 and delivery volumes stood at 5.15 million tonnes, up 0.6% against the year ago period. Europe’s delivery Volume fell significantly by 11.3% to 2.13 million tonnes.

DMart (Avenue Supermarts): Shares of Avenue Supermarts will be in focus after the company in its Q4 business update announced that its Q4 revenue declined 8.5% sequentially on the back of seasonality. The company said that their standalone Q4 revenue stood at Rs 10,337 crore, up 20% YoY.

Hero MotoCorp: The two-wheeler major announced that the company has launched a voluntary retirement scheme (VRS) for its staff, expecting the move to improve efficiency within the company.

Equitas Small Finance Bank: The small finance bank’s gross advances in Q4 stood at Rs 28,061 crore, higher by 36% on a year-on-year basis, and 13% sequentially. The bank’s disbursements stood at Rs 5,917 crore, up 80% YoY, and 23% QoQ.

Stock Market update: Avenue Supermarket Ltd shares down by 1.64% despite strong Q3 results

Shifali Gorka — Mon, 10 Jan 2022 05:55:33 +0000

Shares of Avenue Supermarket Limited, owner of DMart has witnessed a decline in its share price by 1% early this morning. The share price hit at Rs 4666.00 per equity share and declined by 657.35 points, that is, 1.42% on January 10, 2022, 10:45 AM IST.

Whereas, on December 14, 2021, the shares of Avenue Supermarkets Ltd hit a high of Rs 4814.40 per equity share. Furthermore, the company announced its Q3 results ending December 2021 showcasing that the net profit of Avenue Supermarkets Ltd increased 32% to Rs. 552.53 crore according to the stock exchange file. Adding on to this, net revenue rose 18% to Rs 9217.76 crore, against the estimated Rs 9312.83 crore.

Also, in the Q3 results, the company mentioned that it had added 17 more stores, making up a total of 263 stores as of December 31, 2021.

“Overall gross margins are marginally lower due to mix deterioration,” said Neville Noronha, chief executive officer and managing director of Avenue Supermarkets Ltd. “General merchandise and apparel business is consistently seeing relatively lesser sales contribution while essentials and fast-moving consumer goods are doing better,” he further said.

“We continue to take all precautions to ensure every shopper, employee and partner is operating in a safe environment,” Noronha said.

DMart, headquartered in Mumbai is an Indian retail corporation and operates a chain of supermarkets across India. As of 2019, DMart had a total of 7,713 permanent employees and 33,597 employees hired on a contractual basis. And, the company has a market capitalization of Rs. 3,01,351 crore.

DMart reports rise in net profit to ₹552.53 cr from ₹446.95 cr in Q3

Malvika Choudhary — Sat, 08 Jan 2022 10:46:32 +0000

Avenue supermarkets limited (DMart), the Indian retail company released its Q3 results on Jan 8, 2022, today. The consolidated financial results showcased a 23.71 per cent year-on-year (YoY) jump at Rs 553 crore for the December quarter compared with Rs 447 crore in the corresponding quarter of last year.

The total revenue of the company stood at Rs 9,281 crore at 22 per cent growth compared to Rs 7,542 crore in the year-ago quarter. EBITDA increased by 25.6 per cent to Rs 868 crore. Net profit of the company hit of to Rs 552.53 crore YoY from Rs 446.95 crore.

The report also highlighted that 29 new stores have opened. DMart share prices were at 4,744.95 INR (+39.30) today at NSE Sensex. PAT margin for the quarter improved to 6 per cent, up 10 basis points over 5.9 per cent in the same quarter last year, the company said in a BSE filing. CEO & Managing Director Neville Noronha said overall gross margins were marginally lower due to mix deterioration.

“Inflation and lesser opportunities to go out are negatively impacting certain categories more than others. We are seeing higher inflation as an opportunity to make our buying more efficient, our assortment sharper and continue to keep our costs low,” Noronha said.

“Considering the current Covid wave, our sales and footfalls will be dependent on local regulations. We continue to take all precautions to ensure every shopper, employee and partner is operating in a safe environment,” he added

DMart’s revenue up by 46% to ₹9,065 crore in Q3 FY21-2022

News Desk — Sun, 02 Jan 2022 13:25:44 +0000

DMart, one of India’s largest retail chains in India, has posted a revenue of ₹9,065 crores for the quarter ending December Q3 of Financial Year 2021-22. This is a rise of 46% from ₹5,218 crores reported in the same quarter last year.

The revenue from operations for the Quarter Ended December 31, 2021, given above is subject to limited review by the statutory auditors of the company, DMart said in a press release. The total number of stores as of December 31, 2021, stood at 263, which is an addition of 17 stores from the previous quarter. On Friday, DMart shares closed 0.55% at ₹4,665 per piece on NSE. The shares have gained over 60% in 2021.

The staggering rally in the stock has meant that its promoter, Radhakishan S. Damani has broken into the elite club of the top 100 global billionaires in 2021. Avenue Supermarts Ltd, which owns and operates retail chain DMart has reported a jump of 113.2% net profit at ₹448.90 crores during the September quarter.

Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across markets which include – Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan. Damani now ranked 63rd on the Bloomberg Billionaires Index with $24.6 billion as his net worth.

DMart CEO Ignatius Navil Noronha becomes the richest CEO in India as his net worth crosses the $1 billion mark

Cheryll Jain — Mon, 18 Oct 2021 06:52:32 +0000

Ignatius Navil Noronha, the Chief Executive officer of retail corporation Avenue Supermarkets Ltd., became the richest CEO in India with his wealth crossing the $1 billion mark owing to DMart’s exponential growth in 2021.

With an estimated net worth of Rs.7,744 crores after DMart’s stock price surged on the BSE, Noronha is now is the richest professional manager residing in India. He owns a 2.03 per cent stake in the retail company which amounts to 1,30,74,043 shares.

DMart’s stocks hit a record high of Rs.5,899 on Monday, October 18, after opening at Rs. 5640.00 on the BSE, gaining as much as 10.7 per cent within the day. DMart’s total market cap also crossed Rs. 3.35 lakh crores as its stock has been trading high for seven consecutive sessions, increasing around 40 per cent during the time.

The rise in Noronha’s wealth can be credited to the 19-fold rise in DMart’s share price, the scrip surging over 1,800 per cent from its issue price of Rs.299 when the company was first listed in 2017.

The surge in Avenue Supermarkets’ share price has also made Radhakishan Damani, the founder of Avenue Supermarts, India’s seventh-richest person, with an estimated net worth of Rs 1,54,300 crore, as per the rich list.

DMart has experienced mounting year-on-year growth in 2021 owing to easing lockdown restrictions. It recorded a net profit increase of 113.2 per cent in Q2FY22 at Rs.448 crores. Meanwhile, the total revenue of the retail corporation stood at Rs.7,649.64 crores, an increase of 46.6 per cent from the corresponding quarter last year.

The company is expected to record a further improvement in performance metrics during the third quarter “led by gains from higher footfall given reduction in COVID-19 restrictions, rising consumer confidence due to vaccinations, higher-value sales due to inflation in FMCG and general merchandise, upcoming festive season and more locations and product offerings in DMart Ready,” Prabhudas Lilladher informed the investors in a note.

What is the net worth of Radhakishan Damani?

Shivya Kumar — Sun, 26 Sep 2021 06:49:00 +0000

Radhakishan Damani is an Indian businessman and billionaire investor. He is known to have established the D Mart. Known to have an investment firm by the name Bright Star Investments Limited. In August 2021 he was presented to be one of the richest people in India.

The investor is said to belong to the state of Mumbai. Damani, is a well known financial investor and tycoon, who was brought up in a Marwari family in a single room condo in Mumbai. He concentrated on trade at the University of Mumbai however he dropped out after completing a year. At first during the 1990s during his beginning phase when he came out as a stock market broker and investor he is said to have made many short-selling profits. It was when gradually he became one of the shareholders of the HDFC bank in the year 1995. Then later around the year 1999, he faceted a franchise of a cooperate department store Apna Bazaar. Soon enough he made his quits from the stock listings and established his chain of DMart in 2002. Leading up to around 234 DMart stores in India. He is the fourth richest Indian, with a total net estimated to be around $16.5 billion making him claim a position of 117 across the globe.He is said to have become India’s retail king in March 2017 IPO, when his supermarket chain Avenue supermarket reflected with great accounts.While his flagship company Dmart has seen tremendous growth over the years is set to have a booming surge of surge $4.3 billion in 2021.

He is said to have stocks in companies like VST industries, cement manufacturers India Cements. Then around 1% stake in Andhra Paper. He also has a 15% stake in Indian cement taking his enlisting in India Cements to 19.89%. Damani holds about 6 stocks in his investment portfolio which conjure to the value of approx Rs 1,02,077cr in 2021. He is also said to own 156-room Radisson Blu Resort in Alibag.

The investor is said to have assets such as home properties worth Rs 1,001-crore. The businessman is said to have paid about 30 crores in stamp duty for the property to the Department of Registration & Stamps, Government of Maharashtra. He is also said to own cars like Audi, BMW and Rolls Royce in his collection

The investor is known for his tremendous works and listings around the nation. He is also said to have taught Rakesh Jhunjhunwala about the stock market. He is a well known and personality in India and has been acknowledged for his work.

Some of the other Indians to make into the list of best 100 most affluent people are Mukesh Ambani, Gautam Adani, Azim Premji, Pallonji Mistry, Shiv Nadar and Lakshmi Mittal.

DMart market capitalization hits 2.5 lakh crore mark for first time ever

Vandana Nampoothiri — Fri, 27 Aug 2021 09:26:24 +0000

Retail company DMart’s prices surged 1.6% to reach an all-time high of Rs. 3,909.50 on BSE on Friday. The price hike comes a day after the company’s market capitalization reached Rs. 2.5 lakh crore mark.

Dmart, also known as Avenue Supermarts became the 17th largest company in the Indian market. It is now ahead of Axis Bank, L&T, UltraTech, Maruti Suzuki, and Nestle.

Varun Singh, FMCG, and Retail Analyst at Mumbai-based brokerage IDBI Capital Markets & Securities told CNBC, “During periods of high inflation, DMart is likely to gain more share from both general trade and online players due to significant price advantage.” He also said that he expects DMart to become a 100 bagger stock in the next 25 years.

The company earned a net profit of Rs. 115 crore for Q1 FY22, as compared to Rs. 50 crore in the corresponding quarter of last year.

Speaking about the results, Neville Noronha, CEO & Managing Director, Avenue Supermarts said, “Q1 FY 2021-22 saw a much stronger second wave of Covid-19 restrictions. We lost significantly more days or had a higher restriction on a number of hours of store operations compared to the same period last year.”

According to CNBC, DMart shares have risen 39 per cent so far this year, easily beating the 17 per cent return of the headline Sensex index.

DMart’s net profit rises 16% YoY & revenue by 11% in Q3 results

Devanshu Singla — Sat, 09 Jan 2021 10:31:59 +0000

The hyper retail chain DMart, owned by Avenue Supermarts on Saturday reported 16% rise in consolidated net profit at ₹447 crore in the December 2020 quarter as compared to ₹384 crore in December 2019. Total revenue has been increased by 11% to ₹7,542 crore as compared to ₹6,808 crore in the year-ago period.

Profit After Tax (PAT) margin stood at 5.9% in Q3FY21 as compared to 5.6% in Q3FY20.

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q3FY21 stood at ₹689 crore, as compared to ₹597 crore in the corresponding quarter of last year. EBITDA margin increased to 9.1% in Q3FY21 as compared to 8.8% in Q3FY20.

“The quarter has seen further improvement in our business and financial metrics. Our overall sales and sales mix is now trending very close to our usual times except for specific customer consumption changes post COVID-19. Apparel, laundry, footwear, travel and such relevant out of home usage categories are taking more time to recover,” said Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited.

Noronha added that agile operating expenses management along with a good surge in festival shopping allowed his company to deliver a significantly better quarter than the previous quarters.

Avenue Supermarts Ltd’s Dmart crosses ₹2 trillion in market valuation

Ruchira Sonawat — Wed, 06 Jan 2021 06:03:44 +0000

The owner of D-Mart chain of retail stores, Avenue Supermarts Ltd, crossed ₹2 trillion in market valuation after the stock surged nearly 20% in the last three weeks on Wednesday.

The stock has gained in 11 out of 13 sessions tracking gains in the broader market. The scrip was trading at a record high of ₹3,094 on the BSE, up 3% with a market cap of ₹2.01 trillion. India’s benchmark equity index Sensex was up 100 points. Since December 17, Dmart climbed 20% adding investors wealth by nearly ₹35,000 crore. Domestic equities were up in 21 out of 23 sessions having gained nearly 8.52%.

Investors have rushed to buy the stock amid hopes of a return to normalcy after India authorised emergency use of COVID-19 vaccines of Serum Institute and Bharat Biotech.

Even though the firm has a risk of higher competition from JioMart, Flipkart, Amazon and many other e-commerce platforms, brokerage firm Axis Securities believes that the company is well placed in the domestic retail industry given its strong execution capabilities, “disciplined Every Day Low Prices and Every Day Low Costs (EDLP/EDLC) strategy, lower cost of operation and streamlined distribution network aiding DMART to penetrate into newer markets.”

Axis Securities has initiated coverage on the stock with a buy recommendation and a target price of ₹3100 a share.

The company has 220 stores and 225 Dmart Ready stores as of second quarter of the fiscal year 2021. The analysts expect that the company will add 100 stores till FY23E with 80% of the stores in the existing clusters and 20% would be new clusters.

The stock currently trades at 41 times multiple EV/EBITDA which analysts believe is attractive given the strong revenue growth and large headroom for expansion going ahead.

DMart secures gains of over 20% in last six sessions

Shalmali Bhagwat — Wed, 09 Dec 2020 07:27:33 +0000

According to Mint, shares of Avenue Supermart Ltd, which controls the popular hypermarket chain DMart, have soared by nearly 20% in the last six sessions, breaking a record in the background of higher volumes.

The stock hit an all-time high of ₹2,752 on the BSE. At 10.21 am, the scrip was at ₹2,696, up 1.5% from its previous close. Since 27 Nov till date, the scrip has risen 20.16%. So far this year it has advanced 47%. As of 12:18 am Avenue Supermarts was trading at Rs 2,685.

Avenue Supermarts, focussed on value retailing, offers a wide range of fast-moving consumer (food and non-food) products, general merchandise, and apparel. While announcing the September quarter (Q2FY21) results on October 17, the company’s management said that month-on-month sales have are looking positive during this quarter – August was better than July and September was better than August. The management said that the progress of the COVID-19 pandemic and its impact on consumer spending during the festival period will determine the company’s financial performance for the next quarter.

According to Mint, Analysts said this gain was hitched to the expected hike in footfall after at least three vaccine makers had applied for an emergency approval from Indian drug regulator. Recently, pharma majors Pfizer and Serum Institute of India (SII), Hyderabad-based Bharat Biotech International Ltd have sought emergency use authorization from the Drugs Controller General of India (DCGI) for its COVID-19 vaccine.

With this, analysts hope that early vaccines may soon return economic life back to normal all over the world.