DMart Q2FY24 results declared. Total revenue of Avenue Supermart jumps 18.5% to ₹12,308 crore
DMart results Q2FY24: Avenue Supermart Ltd has declared its July to September 2023 quarterly numbers today. As per the exchange filing, the company has logged 18.50 per cent jump in total revenue on year-on-year basis. Company's EBITDA margin stood at 8.1% in Q2FY24 as compared to 8.6% in Q2FY23.
Speaking on Q2 results 2023 of the company, Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited said, "Q2 FY 2024 saw revenue growth of 18.5% as compared to the corresponding quarter of last year. Our gross margins continue to be lower compared to the same period in the previous year due to lesser contribution from the higher margin General Merchandise and Apparel business. We opened 9 new stores during the quarter taking our total store count to 336." Avenue Supermart Ltd informed Indian exchanges about the financial results citing, "Total Revenue for the quarter ended September 30, 2023 stood at ₹12,308 crore, as compared to Rs10,385 crore in the same period last year.
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2FY24 stood at ₹1,002 crore, as compared to Rs. 895 crore in the corresponding quarter of last year. EBITDA margin stood at 8.1% in Q2FY24 as compared to 8.6% in Q2FY23." Net Profit stood at Rs.
659 crore for Q2FY24, as compared to Rs. 730 crore in the corresponding quarter of last year. PAT margin stood at 5.3% in Q2FY24 as compared to 7.0% in Q2FY23.
Basic Earnings per share (EPS) for Q2FY24 stood at Rs.10.12, as compared to Rs.11.28 for Q2FY23. Total Revenue for H1FY24 stood at Rs. 23,892 crore, as compared to Rs.
20,192 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in H1FY24 stood at Rs. 2,038 crore, as
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