Meanwhile, the S&P BSE Sensex was up 131.44 points or 0.38% at 35,046.82

On the BSE, 1.59 lakh shares were traded on the counter so far as against average daily volumes of 62,000 shares in the past two weeks. The stock had hit a high of Rs 1,478.30 and a low of Rs 1,433.45 so far during the day. The stock had hit a record high of Rs 1,534 on 30 April 2018 and a record low of Rs 692.50 on 23 May 2017.

The large-cap company has equity capital of Rs 624.08 crore. Face value per share is Rs 10.

Avenue Supermarts' net profit surged 72.86% to Rs 167.10 crore on 22.57% rise in total income to Rs 3824.87 crore in Q4 March 2018 over Q4 March 2017.

Avenue Supermarts' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 41.8% to Rs 294 crore in Q4 March 2018 over Q4 March 2017. EBITDA margin rose to 7.7% in Q4 March 2018 from 6.7% in Q4 March 2017.

Avenue Supermarts' said that the company follows everyday low cost - everyday low price (EDLC-EDLP) strategy which aims at procuring goods at competitive price, using operational and distribution efficiency and thereby delivering value for money to customers by selling at competitive prices.

Neville Noronha, CEO & Managing Director, Avenue Supermarts said that deflation in staples, tax rates not being comparable, store addition not in line with expectation and base effect of demonetization has made March 2018 revenue a little tepid. Grooming talent and store addition shall continue to remain two main challenges as well as focus areas for the company.

Avenue Supermarts is a Mumbai-based company, which owns and operates D-Mart stores. D-Mart is an emerging national supermarket chain that offers customers a range of home and personal products under one roof. The company offers a wide range of products with a focus on Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories. As of 31 March 2018, the company had 155 stores with retail business area of 4.9 million sq. ft. across Maharashtra, Gujarat, Daman, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR, Chhattisgarh and Punjab.

0 thoughts on “Avenue Supermarts drops after declaring Q4 result”

Post Comment

Daily News