Although Avenue Supermarts on Saturday reported a 24.7% YoY rise within the standalone revenue to Rs 586 crore for the quarter ended December 31, 2021, shares of hypermarket chain operator slipped practically 2 per cent to Rs 4640 per share on the BSE on again of decline in total gross margins within the December quarter.
At 10.45 am, shares of Radhakishan Damani-founded D-mart have been buying and selling decrease by Rs 65.85 or 1.39% to Rs 4665.00.
See Zee Enterprise Reside TV Streaming Beneath:
Robust revenue posted by the corporate appears to have didn’t raise the sentiment of traders.
In opposition to a revenue of Rs 586 crore in Decemer quarter, Avenue Supermarts had posted a revenue of Rs 470 crore within the corresponding quarter of the earlier monetary 12 months.
The income grew 22% to Rs 9,065 crore as towards Rs 7,433 crore posted final 12 months. EBITDA was up 25.6% to Rs 862 crore from Rs 692 crore posted final 12 months.
Margin stood at 9.6% in Q3FY22 towards 9.3% posted in Q3FY21. Common merchandise and attire enterprise is constantly seeing comparatively lesser gross sales contribution whereas necessities and FMCG are doing higher.
Promoted by Radhakishan Damani and his household, DMart retails primary house and private merchandise throughout markets which embrace – Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.