DMart Q3 Results: DMart Q3 Results: Consol PAT recorded Rs 691 crore, up 17% year-on-year, with similar growth in revenue.
Consolidated operating revenue also increased by over 17% year-on-year to Rs 13,572.47 crore.
During the quarter, earnings before interest, tax, depreciation and amortization (EBITDA) rose 16% year-on-year to Rs 1,119.89 crore. However, the operating profit margin was 8.25%, a slight decrease from 8.34% in the same period last year.
Total expenses for the quarter, including finance charges, stood at Rs 12,656.46 crore, compared to Rs 10,789 crore in the previous year. Staff costs rose to Rs 234.31 crore from Rs 192.31 crore a year ago.
As of the end of December, the number of D-Mart hypermarket chain stores was 341, with a net increase of 5 stores during the quarter.
Net store additions in the December quarter were lower than the September quarter. This is because the company added nine stores during that period.
In the nine months ended December, the company added 17 stores, bringing its total store count to 341. “Contribution from general merchandise and apparel segments has stabilized and post-Diwali trends are encouraging. This time around, our festive season sales in non-FMCG were lower than expected,” said Neville Noronha, MD and CEO.
“Within FMCG, agricultural products (formerly edible oils) are experiencing quite high inflation,” Noronha said.
At a standalone level, the company’s net profit rose 15 per cent year-on-year to Rs 737 crore, while revenue rose 17 per cent to Rs 13,247 crore.
Consolidated net profit rose about 3% to Rs 1,972 crore for the nine months ended December, while revenue rose 18% to Rs 38,062 crore. EBITDA for the period was ₹316 billion, compared with ₹286.6 billion a year ago. EBITDA margin was 8.3%, up from 8.9% in the same period last year.
On Friday, shares of Avenue Supermarts rose 0.5 per cent to Rs 3,841 on the National Stock Exchange.
