InvestorQ : What is your quick view on the quarterly results announced by Avenue Supermarts?
Angel dcosta made post

What is your quick view on the quarterly results announced by Avenue Supermarts?

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Juvina Maggie answered.
1 month ago
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Avenue Supermarts, is the company that owns the popular D-Mart brand of retail stores. For the Mar-21 quarter, Avenue Supermarts reported 52.76% higher net profit at Rs.414 crore on a consolidated basis. Total revenues for the Mar-21 quarter were 18.5% higher at Rs.7,412 crore. EBITDA margin expanded 160 bps to 8.3%. However, D-Mart admitted that they had accumulated inventory aggressively so the COVID resurgence could be a problem.

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