DMart chain of retail stores operator Avenue Supermarts has reported a 64 percent rise in consolidated post-tax profit of Rs 685 crore for the quarter ended September 2022 as against Rs 418 crore a year back.
Sequentially, the profit is 6.6 percent higher from Rs 642 crore in June quarter this year. Consolidated revenue came in higher at Rs 10,638 crore for the quarter, an increase of 36 percent compared to Rs 7,789 crore in September 2021 quarter. Sequentially, the revenue is higher by 6 percent from Rs 10,038 crore.
EBITDA margin for the quarter stood at 8.4 percent as compared to 8.6 percent in Q2FY22."The FMCG and staples segment of the business has performed better than general merchandise and apparel segments. Discretionary items in the non-FMCG segment while recovering have still not come back to pre-pandemic levels. The inflationary stress is more acute at lower price points in discretionary non-FMCG categories," Neville Noronha, CEO and Managing Director said.
For the first half of FY23, consolidated revenue came in at Rs 20,676 crore, as compared to Rs 12,972 crore a year back. EBITDA margin stood at 9.2 percent as against 6.9 percent in the same period, the company said in an exchange filing.
Food category contributed to 54.75 percent of the revenue, non-foods 20.5 percent, while general merchandise and apparel contributed the rest 24.75 percent.
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