Avenue Supermarts (NSE: DMART), the company that operates the retail chain DMart, has released its first-quarter results.
The company’s profit has increased by 17.5 percent over last year. In the same way, the income has experienced an increase of 19 percent yearly.
EBITDA has increased by 18 percent over last year. At the same time, there has been a slight decline in the margin compared to last year.
In the last trading session, the stock closed at 4953 with a gain of more than one percent.
How Was The Quarterly Result?
According to the results released by the company, the company’s profit has increased by 17.5 percent to Rs 773.8 crore over last year.
Which was at the level of Rs 658.8 crore a year ago.
The company’s income in the first quarter was Rs 14069 crore, which was 18.6 percent more than last year’s income of Rs 11865 crore.
EBITDA has increased by 18% year-on-year to Rs 1221 crore.
In the same quarter of last year, the firm’s EBITDA was at Rs 1035 crore. Margins stood at 8.68%. Which was 8.73% a year ago.
What Did The CEO Say
Company CEO Navil Noronha said that with the help of growth in the general merchandise and apparel segment, the first quarter’s income has seen an increase of more than 18%.
He said that the company had opened 6 new stores during the first quarter.
Noronha further informed that the company’s operating cost has increased due to capacity building for the future and improvement in service levels.
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