DMart stock is resilient, but the business is taking a beating in FY21
4 years, 7 months ago

DMart stock is resilient, but the business is taking a beating in FY21

Live Mint  

Avenue Supermarts Ltd’s lofty valuations suggest investors expect the moon from the retailer. Avenue’s shares now trade at a whopping 116 times financial year 2020 earnings. While the company’s March quarter results announced on Saturday are nothing to complain about in covid-19 times, management commentary on the near future is cautious and that could well cap the gains in the stock. “Absenteeism of staff due to covid-19 fear is a major cause of concern,” said IDBI Capital Markets & Securities Ltd analysts in a report on 24 May. “We argue DMart has an edge against other retailers, not to mention its strong liquidity, that should help it weather business loss,” pointed out an Edelweiss Securities Ltd report on 23 May.

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History of this topic

DMart share price jumps 14% in early trade: Should you buy?
6 days, 6 hours ago

DMart share price jumps 14% in early trade: Should you buy?

India Today  

Shares of Avenue Supermarts Ltd., the operator of retail chain DMart, surged over 14% in early trade on Friday after the company shared a positive business update for the October-December period of FY2024-25. At the time of writing, DMart’s market capitalisation stood at Rs 2,66,800.56 crore and the shares were trading at Rs 4,134, up 14.27%. DMart reported standalone revenue …

D-Mart Q1: Parent Firm Avenue Supermarts Sees 17.5 Per Cent Rise In Net Profit, Revenue Climbs Over 18 Per Cent
5 months, 3 weeks ago

D-Mart Q1: Parent Firm Avenue Supermarts Sees 17.5 Per Cent Rise In Net Profit, Revenue Climbs Over 18 Per Cent

ABP News  

Avenue Supermarts Ltd, the operating company of retail chain D-Mart, on Saturday reported a surge in its net profit in the April-June quarter in the current 2024-25 fiscal year. The company clocked a gain of 17.45 per cent in the consolidated net profit at Rs 773.68 crore during the first quarter of the ongoing fiscal year, against a net profit …

DMart Q1 Results: Net Profit Rises 17.5% To Rs 773.8 Crore, Revenue Up 18.6%
5 months, 3 weeks ago

DMart Q1 Results: Net Profit Rises 17.5% To Rs 773.8 Crore, Revenue Up 18.6%

News 18  

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported a 17.5 per cent jump in its net profit to Rs 773.8 crore for the first quarter of the current financial year 2024-25. Its revenue during April-June 2024 increased 18.6 per cent to 18.6 per cent to Rs 14,069.1 crore, compared with Rs 11,865.4 crore in the …

c's Avenue Supermarts Up 4% After CLSA Initiates Buy; Check Target Price
9 months, 2 weeks ago

c's Avenue Supermarts Up 4% After CLSA Initiates Buy; Check Target Price

News 18  

Avenue Supermarts shares rose 4.4 per cent on Thursday to hit a 52-week high of Rs 4,238 on the NSE after CLSA initiated coverage on the DMart operator with a buy rating for a price target of Rs 5,107. Avenue Supermarts saw its shares rise for the third consecutive session on March 20, with weekly performance consistently ending positively over …

DMart Q1 Results: Net profit rises 2 % to ₹659 crore, revenue up 18 %
1 year, 5 months ago

DMart Q1 Results: Net profit rises 2 % to ₹659 crore, revenue up 18 %

Live Mint  

DMart Q1FY24 Results: Ace investor Radhakishan Damani-backed Avenue Supermarts, which operates the retail chain DMart, announced its April-June quarter results for the current fiscal, reporting a consolidated net profit of ₹658.71 crore, up two percent from ₹642.89 crore in the year-ago period. The hypermarket chain operator reported an 18.2 per cent rise in consolidated revenue from operations at ₹11,865.44 crore, …

Radhakishan Damani’s DMart shares hit 6-month low. Time for bottom-finishing?
1 year, 11 months ago

Radhakishan Damani’s DMart shares hit 6-month low. Time for bottom-finishing?

Live Mint  

Radhakishan Damani portfolio stock DMart or Avenue Supermarts share price today hit 6 month low of ₹3645 apiece on NSE. DMart share price today opened lower in early morning deals and went on to hit intraday low within few minutes of stock market's opening bell on Monday. He advised shareholders of DMart shares to keep adding as the stock may …

DMart Q3: Profit up by 6.6% to ₹589.68 cr, revenue rises by 25%
1 year, 11 months ago

DMart Q3: Profit up by 6.6% to ₹589.68 cr, revenue rises by 25%

Live Mint  

Avenue Supermarts on Saturday reported consolidated profit after tax rose by 6.7 per cent to ₹589.68 crore for the quarter ended December 2022. Radhakishan Damani-owned Avenue Supermarts, which runs DMart chain, reported revenue from operations were up by 25 per cent to ₹11,569.05 as against ₹9,217.76 in the corresponding quarter in last fiscal. Discretionary non-FMCG sales did not do as …

Avenue Supermarts Q3 revenue from operations rises by 24.7% to ₹11,304 cr
2 years ago

Avenue Supermarts Q3 revenue from operations rises by 24.7% to ₹11,304 cr

Live Mint  

Radhakishan Damani-owned Avenue Supermarts, which runs DMart chain, reported revenue from operations rose by 24.7 per cent to ₹11,304.58 for October-December quarter. The revenue in quarter ended September 2022 stood at ₹10,385 crore, which is an increase of 36 percent compared to ₹7,650 crore in September 2021 quarter. DMart chain of retail stores operator Avenue Supermarts reported a 62.7 percent …

Why DMart disappoints investors
2 years, 2 months ago

Why DMart disappoints investors

Live Mint  

Avenue Supermarts Ltd’s September quarter results announced on Saturday have failed to enthuse investors, leading to shares dropping 3.6%. View Full Image Yet to gther steam High gas prices: How India's gas economy works Invesco to sell 5.5% Zee stake for $169.5mn Shree Cement's good show fails to impress street The average basket values improved despite lower footfalls, which bodes …

Radhakishan Damani-backed DMart rises over 29% in Q2FY23, Should you buy?
2 years, 3 months ago

Radhakishan Damani-backed DMart rises over 29% in Q2FY23, Should you buy?

Live Mint  

Radhakishan Damani-backed Avenue Supermart listed as DMart is expected to cross over the ₹5,100 mark probably by FY24-end. Analysts at Prabhudas Lilladher have given a 'buy' rating on DMart stock on expectations of the retailer seeing huge runaway growth with h potential to open 1500 stores. Amnish Aggarwal and Anushka Chhajed analysts at Prabhudas Lilladher in their latest report dated …

D-Mart Q1 Profit Jumps Multifold to Rs 642.89 Crore, Sales Almost Double
2 years, 5 months ago

D-Mart Q1 Profit Jumps Multifold to Rs 642.89 Crore, Sales Almost Double

News 18  

New Delhi: Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported over six-fold jump in its consolidated net profit to Rs 642.89 crore for the quarter ended on June 30, 2022, helped by a “very good recovery” in overall sales and a comparative low YoY base. The company had posted a net profit of Rs 95.36 …

Supermarket chain DMart to set up shop in Delhi: Report
4 years, 10 months ago

Supermarket chain DMart to set up shop in Delhi: Report

Live Mint  

NEW DELHI: DMart, one of India's largest supermarket chains, is set to enter the national capital - a move that will help billionaire founder Radhakishan Damani widen the brand’s footprint outside of western and southern Indian markets, according to a report in the Economic Times on Tuesday. Mumbai-based parent Avenue Supermarts Ltd has taken about 50,000 sq ft of space …

DMart looks to raise up to ₹4,098 crore through QIP to fund business expansion
4 years, 11 months ago

DMart looks to raise up to ₹4,098 crore through QIP to fund business expansion

Live Mint  

Avenue Supermarts Ltd, which runs the popular supermarket chain DMart, on Wednesday launched a qualified institutional placement offering to raise up to ₹4,098 crore. “Our company proposes to utilize the net proceeds to augment long-term resources for financing our expansion plans, which include funding expenditure towards implementation of our strategy on expanding our store network and increasing the efficiency of …

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