Parent firm Avenue Supermarts, the owner of DMart, reported a stunning standalone revenue of ₹144.62 billion for Q4 FY2024-25. This achievement highlights the company's strong growth path and market leadership in the retail industry.
Highlights:
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Growth in Revenue: The standalone revenue in Q4 is a huge growth, indicating the expansion strategy and efficiency of the company.
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Store Count: In December 2024, Avenue Supermarts had 387 stores, and there were further expansion plans under way to further increase its retail presence.
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Financial Performance: Standalone revenue during the last quarter increased by 17.5% year on year to ₹15,565.23 crore. Avenue Supermarts reported EBITDA of ₹1,235 crore and a net profit of ₹785 crore during Q3FY25.
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Market Response: The stock of the company has reflected volatility, with large jumps after positive results, reflecting investor optimism in its growth prospects.
The financial strength of Avenue Supermarts stems from its streamlined store operations and strategic additions of stores. The company continues to concentrate on building customer experience and growing its presence in India, establishing itself as a retail industry leader.
Sources: Reuters, Moneycontrol, ICICIDirect