Avenue Supermarts Ltd; Standalone Total Revenue up by 94.9% at Rs. 9,807 Crore, PAT up by 490.3% at Rs. 680 Crore

Avenue Supermarts Ltd. (ASL), one of the largest food & grocery retailers in India, today declared its standalone and consolidated financial results for the quarter ended June 30, 2022.

Standalone Results

Total Revenue for the quarter ended June 30, 2022 stood at Rs.9,807 crore, as compared to Rs.5,032 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1FY23 stood at Rs.1,008 crore, as compared to Rs.221 crore in the corresponding quarter of last year. EBITDA margin stood at 10.3% in Q1FY23 as compared to 4.4% in Q1FY22.

Net Profit stood at Rs.680 crore for Q1FY23, as compared to Rs.115 crore in the corresponding quarter of last year. PAT margin stood at 6.9% in Q1FY23 as compared to 2.3% in Q1FY22.

Basic Earnings per share (EPS) for Q1FY23 stood at Rs.10.49, as compared to Rs.1.78 for Q1FY22.

Consolidated Results

Total Revenue for the quarter ended June 30, 2022 stood at Rs.10,038 crore, as compared to Rs.5,183 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1FY23 stood at Rs.1,008 crore, as compared to Rs.224 crore in the corresponding quarter of last year. EBITDA margin stood at 10.0 % in Q1FY23 as compared to 4.3% in Q1FY22.

Net Profit stood at Rs.643 crore for Q1FY23, as compared to Rs.95 crore in the corresponding quarter of last year. PAT margin stood at 6.4% in Q1FY23 as compared to 1.8% in Q1FY22.

Basic Earnings per share (EPS) for Q1FY23 stood at Rs.9.93, as compared to Rs.1.47 for Q1FY22.

D-Mart follows Everyday low cost – Everyday low price (EDLC-EDLP) strategy which aims at procuring goods at competitive prices, using operational and distribution efficiency and thereby delivering value for money to customers by selling at competitive prices.