DMart Q1 Results: On Saturday, July 13, Avenue Supermarts, the retail chain DMart’s operator and backed by renowned investor Radhakishan Damani, revealed its April-June quarter results for fiscal 2024–25 (Q1FY25). The company reported a 17.5% increase in consolidated net profit at ₹773.8 crore, compared to ₹658.8 crore in the same period the previous year.
DMart Q1 Results, The first quarter of this fiscal year saw an 18.6% increase in the hypermarket chain operator’s operating revenue to ₹14,069 crore, up from ₹11,865.4 crore in the same period last year.
In terms of operations, the Mumbai-based company’s profits before interest, tax, depreciation, and amortization (EBITDA) increased by 18% to ₹1,221.3 crore from ₹1,035.3 crore during the same period the previous year. The margin was 8.68 percent as opposed to 8.73 percent during the same time last year.
In its regulatory filing to the stock exchange, DMart stated that it adheres to the daily low cost – everyday low pricing (EDLC-EDLP) strategy, which seeks to acquire items at competitive costs.
Our Q1 FY 2025 revenue increased by 18.4%. The gross margin increased (Q1 FY 2025 vs. Q1 FY 2024) as a result of the contributions from general merchandise and apparel, which kept becoming better throughout the quarter. Operating costs have increased as a result of ongoing efforts to raise service standards and develop capacity for the future, according to Avenue Supermarts Limited CEO and Managing Director Neville Noronha.
During the June quarter, Avenue Supermarts opened six additional locations. Right now, the corporation has 371 total stores. Radhakishan Damani and his family are the promoters of DMart, a store that sells essential personal and household goods in the following markets: Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab, and Rajasthan.
