D-mart re­ports rev­enue of Rs. 3,810 crore and Rs. 167 crore net profit for Q4FY18

Progressive Grocer (India) - - Market Update -

Av­enue Su­per­marts Ltd. (ASL), one of the largest food & gro­cery re­tail­ers in In­dia, which owns and runs the D-mart brand, de­clared its fi­nan­cial results for the quar­ter and year ended March 31, 2018. To­tal rev­enue for the quar­ter ended March 31, 2018, stood at Rs. 3,810 crore as com­pared to Rs. 3,111 crore in the same pe­riod last year. ASL’S EBITDA in Q4FY18 stood at Rs. 294 crore as com­pared to Rs. 208 crore in the cor­re­spond­ing quar­ter of last year. The com­pany re­ported Net Profit of Rs. 167 crore for Q4FY18 as com­pared to Rs. 97 crore in the cor­re­spond­ing quar­ter of last year. PAT mar­gin im­proved from 3.1% in Q4FY17 to 4.4% in Q4FY18. To­tal Rev­enue for FY 18 stood at Rs. 15,009 crore, as com­pared to Rs. 11,881 crore for FY17. ASL’S EBITDA in FY18 stood at Rs. 1,337 crore as com­pared to Rs. 964 crore dur­ing FY17. For FY18, ASL’S net profit grew by 62.6% to Rs. 785 crore, as com­pared to Rs. 483 for last year.

D-mart fol­lows ‘Every­day low cost - Every­day low price (EDLC- Neville Noronha, CEO & MD, Av­enue Su­per­marts Lim­ited. EDLP)’ strat­egy, which aims at procur­ing goods at com­pet­i­tive prices, us­ing op­er­a­tional and dis­tri­bu­tion ef­fi­ciency and thereby de­liv­er­ing value for money to cus­tomers. Com­ment­ing on the fi­nan­cial results, Neville Noronha, CEO & MD, Av­enue Su­per­marts Lim­ited, said, “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 the two main chal­lenges as well as the fo­cus ar­eas for the com­pany.”

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