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Department Stores company Avenue Supermarts announced Q1FY25 results:
Consolidated:
- Total Revenue for the quarter ended June 30, 2024 stood at Rs 14,069 crore, as compared to Rs 11,865 crore in the same period last year.
- Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1FY25 stood at Rs 1,221 crore, as compared to Rs 1,035 crore in the corresponding quarter of last year.
- EBITDA margin stood at 8.7% in Q1FY25 same as Q1FY24.
- Net Profit stood at Rs 774 crore for Q1FY25, as compared to Rs 659 crore in the corresponding quarter of last year. PAT margin stood at 5.5% in Q1FY25 same as Q1FY24.
- Basic Earnings per share (EPS) for Q1FY25 stood at Rs 11.89, as compared to Rs 10.14 for Q1FY24.
Standalone:
- Total Revenue for the quarter ended June 30, 2024 stood at Rs 13,712 crore, as compared to Rs 11,584 crore in the same period last year.
- Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1FY25 stood at Rs 1,221 crore, as compared to Rs 1,036 crore in the corresponding quarter of last year.
- EBITDA margin stood at 8.9% in Q1FY25 same as Q1FY24.
- Net Profit stood at Rs 812 crore for Q1FY25, as compared to Rs 695 crore in the corresponding quarter of last year. PAT margin stood at 5.9% in Q1FY25 as compared to 6.0% in Q1FY24.
- Basic Earnings per share (EPS) for Q1FY25 stood at Rs 12.49, as compared to Rs 10.71 for Q1FY24.
Commenting on the performance of the company Neville Noronha, CEO & Managing Director, Avenue Supermarts, said: “Our revenue for Q1FY25 grew by 18.4%. Contribution from General Merchandise and Apparel continued to improve during the quarter and this is reflected in the gross margin uptick (Q1FY25 vs Q1FY24). We opened 6 new stores during the quarter. Our total stores stand at 371 as on June 30, 2024.
Operating costs have gone up due to continuing effort on improving service levels and building capability for the future.”
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