Avenue Supermarts Q4 net profit up by 21.4% at INR 203 crore

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Total Revenue for FY19 stood at INR 19,916 crore, as compared to INR 15,009 crore for FY18, a growth of 32.7%. EBITDA in FY19 stood at INR 1,642 crore, up by 22.8%.

Avenue Supermarts Ltd. (ASL), one of the largest food & grocery retailers in India, today declared its financial results for the quarter and year ended March 31, 2019.

For the Quarter ended March 31, 2019(Q4FY19):

• Total Revenue stood at INR 5,033 crore, up by 32.1% y-o-y
• EBITDA of INR 377 crore; y-o-y growth of 27.9%
• PAT stood at INR 203 crore; y-o-y growth of 21.4%
• Basic EPS for Q4FY19 stood at INR 3.25, as compared to INR 2.68 for Q4FY18
• 12 stores were added in Q4FY19

 

For the Year ended March 31, 2019(FY19):

• Total Revenue stood at INR 19,916 crore, up by 32.7% y-o-y
• EBITDA of INR 1,642 crore; y-o-y growth of 22.8%
• PAT stood at INR 936 crore; y-o-y growth of 19.3%
• Basic EPS for FY19 stood at INR 15, as compared to Rs. 12.57 for FY18
• 21 stores were added in FY19

Total Revenue for the quarter ended March 31, 2019 stood at INR 5,033 crore, as compared to INR 3,810 crore in the same period last year, reflecting a growth of 32.1%

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q4FY19 stood at INR 377 crore, up by 27.9%. The company’s EBITDA margin is at 7.5% in Q4FY19 as compared to 7.7% in Q4FY18.

Net Profit is at INR 203 crore for Q4FY19, as compared to INR 167 crore inthe same period last year. PAT margin is at 4% in Q4FY19as compared to 4.4% in Q4FY18.

Basic Earnings per share (EPS) for Q4FY19 stood at INR 3.25, as compared with INR 2.68 for Q4FY18.

Total Revenue for FY19 stood at INR 19,916 crore, as compared to INR 15,009 crore for FY18, a growth of 32.7%. EBITDA in FY19 stood at INR 1,642 crore, up by 22.8%. EBITDA margin is at 8.2% in FY19 as compared to 8.9% in FY18.

Net Profit is at INR 936 crore for FY19, as compared to INR 785 crore inFY18. PAT margin is at 4.7% in FY19 as compared to 5.2% n FY18.

For FY19 Basic EPS stood at INR 15 as against INR 12.57 for FY18.

D-Mart follows Everyday low cost – Everyday low price (EDLC-EDLP) strategy which aims at procuring goods at competitive price, using operational and distribution efficiency and thereby delivering value for money to customers by selling at competitive prices.

Commenting on the financial performance of the company Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said, “FY19 saw further improvements across key operating metrics. Store additions were below our expectations, we could have done better. Same store sales growth at 17.8% is encouraging. It further validates our strategy of value retailing – providing good quality products at great value.”