Page 2 - Dmart

Stocks to Watch today: Adani Group, DMart, HDFC Life, TaMo, Dalmia Bharat

Stocks to watch on Monday, October 16, 2023: Ceat, Cyient DLM, Federal Bank, Jio Financial and Yatra Online among 24 companies to announce results today.

DMart Q2FY24 results: PAT declines 9% despite 18.7% increase in revenue

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, on Saturday reported a 9.09 per cent fall in consolidated net profit at Rs 623.35 crore for the second quarter ended September 30, as gross margins were impacted due to lesser contribution from general merchandise and apparel business. The company had posted a net profit of Rs 685.71 crore in the July-September quarter a year ago, said Avenue Supermarts in a regulatory filing. However, its revenue from operations was up 18.66 per cent to Rs 12,624.37 crore during the quarter under review, as against Rs 10,638.33 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses in Q2/FY24 were at Rs 11,809.35 crore, up 18.97 per cent. The total income of Avenue Supermarts in the September quarter was at Rs 12,661.29 crore, up 18.61 per cent. For the first half of this fiscal, Avenue Supermarts' revenue from operations was at Rs 24,489.81 crore and its net profit was at Rs 1,282.06 crore. "PAT m

DMart's operational revenue rises 18.51% to Rs 12,307 crore in Jul-Sept

Avenue Supermarts Ltd, which owns and operates retail chain DMart, on Wednesday reported an 18.51 per cent increase in its standalone revenue from operations at Rs 12,307.72 crore in the second quarter of this fiscal. The company had registered a revenue from operations of Rs 10,384.66 crore in the July-September quarter a year ago, Avenue Supermarts informed BSE in a regulatory filing. "Standalone Revenue from operations for the quarter ended September 30, 2023, stood at Rs 12,307.72 crore," said Avenue Supermarts in the regulatory filing while sharing the company's update at the end of the quarter. The total number of DMart stores as of September 30, 2023 stood at 336. In the July-September quarter of FY22, Avenue Supermarts' standalone revenue stood at Rs 7,649.64 crore. Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across markets which include Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgar

Mukesh Ambani, Gautam Adani top the Fortune India Rich List for 2023

The magazine said the wealth estimate of the Indian billionaires is based on stock prices as of 14 July 2023 and shareholding as of December 2022

Udaan makes organisational changes in business and tech verticals

Vivek Gupta, who led the essentials business, will transition from the operating role

Trent steals DMart's thunder to become hottest retail stock on valuations

Tata-owned fashion retailer's P/E ratio at 150 times is far ahead of DMart's 101 times

D-Mart, HUL: These bull riders have dipped below 200-SMA as markets tumble

Hindustan Unilever to hit new 52-week low if the support of Rs 2,520 is breached

Avenue E-Commerce losses widen, revenue surges past Rs 2,000 crore

In FY23, Ignatius Navil Noronha, CEO & MD of Avenue Supermarts salary stood at Rs 4.55 crore, the same as the previous year

Avenue Supermarts dips 4% on disappointing June quarter results

The company's consolidated net profit grew merely by 2.5 per cent to Rs 658.71 crore in April-June 2023 quarter (Q1FY24), as lower sales of apparel and general merchandise impacted margins.

DMart Q1 net rises 2.5% to Rs 659 crore, sales up 18% to Rs 11,865.4 cr

The total income of Avenue Supermarts in the June quarter was at Rs 11,904.18 crore, up 18.24%

Sensex soars 274 pts, Nifty near 19,400 as Bajaj Fin leaps 7%, Hero Moto 5%

Closing Bell on July 4, 2023: The rally was led by Bajaj Finance, Bajaj Finserv, Hero Moto, Tech M, TCS, Wipro, Sun Pharma, Kotak Bank, Infosys, Cipla, HCL Tech, SBI, HDFC twins, and ICICI Bank

More than skin-deep: Nifty Next 50 complexion to get a shade of difference

Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn

DMart dips 5% on weak Q4; here's how brokerages have interpreted the result

The EBITDA margin declined 110 basis points YoY to 7.3%, while the gross margin fell 90 bps YoY to 13.4% pulled down by lower revenue from the high-margin gross merchandise & apparel segment

DMart retail chain slumps nearly by 5% on profit miss, margin drop

Shares of Avenue Supermarts Ltd, which operates the DMart retail chain, fell 4.7% after the company's fourth-quarter profit missed estimates and core profit margin contracted

D-Mart's Q4 net up 7.8% to Rs 460 cr, revenue rises 20.5% to Rs 10,594 cr

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, on Saturday reported an increase of 7.81 per cent in its consolidated net profit at Rs 460.10 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 426.75 crore in the January-March quarter a year ago, said Avenue Supermarts in a BSE filing. Its revenue from operations was up 20.57 per cent to Rs 10,594.11 crore during the quarter under review as against Rs 8,786.45 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses were at Rs 10,002.21 crore, up 21.82 per cent in Q4/FY 23, as against Rs 8,210.13 crore in the corresponding quarter. Total income of Avenue Supermarts in the March quarter was at Rs 10,627.18 crore, up 20.5 per cent. For the fiscal year ended March 2023, Avenue Supermarts's net profit was up 59.36 per cent at Rs 2,378.34 crore. It had reported a net profit of Rs 1,492.40 crore in the previous fiscal. Its consolidated revenue fr

Weak sales growth weighs on Avenue Supermarts, operational parameters weak

Stock correction was also on account of margin concerns

Avenue Supermarts dips 3% on profit booking post Q4 business update

The stock had gained up to 11 per cent in the last five straight trading sessions.

Stocks to Watch: Dmart, Tata Steel, HeroMoto, Nykaa, Equitas SFB, Godrej CP

Stocks to Watch: Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme for its staff to make the organisation agile

Damani's close associates buy 23 flats for Rs 1,200 crore in Mumbai: Report

Each apartment is about 5,000 sq ft in size and has been sold for Rs 50-60 crore

D-Mart hits six-month low as Q3 margins drop to 8.34% due to weak demand

It said the decline mainly reflected a change in product mix and weaker-than-expected discretionary non-FMCG sales