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Avenue Supermarts Limited (DMart), one of India's largest retail chains, has announced its financial results for the second quarter of FY2025, showcasing steady growth across its business segments.
Slight Decline in Revenue: A marginal decrease in revenue from operations compared to Q2 FY2024, driven by slower consumer demand in some product categories.
Inventory Turnover Ratio: There was a slight decrease in inventory turnover ratio from 7.0 at the end of Q2 FY’2024 to 6.6 at the end of Q2 FY’2025.
Decreased Like-for-Like Growth: Like-for-like growth dipped to 5.5% from 8.6% in Q2 FY2024, reflecting slower growth in mature stores.
DMart reported steady revenue from operations at ₹8,582 crores, though slightly down from ₹8,648 crores in the same quarter last year. Despite this, the company delivered a strong 12.5% YoY growth in PAT and maintained healthy EBITDA margins. The company continues to expand its store network, with 12 new store additions in H1 FY’2025, bringing the total number of stores to 377 across India.
Store Network Expansion: DMart added 12 new stores in the first half of FY2025, bringing the total to 377 stores across India, continuing its cluster-based expansion strategy.
Product Category Performance: FMCG and non-food segments contributed significantly to overall growth, with 56.40% revenue from foods and 20.15% from non-food categories, and 23.45% from General Merchandise and Apparel categories.
E-commerce Growth: The company continues its gradual expansion of DMart Ready services to 24 cities, reflecting a focus on growing online retail presence.
Metrics | H1 FY2025 | H1 FY2024 |
Revenue from Operations (₹ Crores) | 8,582 | 8,542 |
PAT (₹ Crores) | 1,523 | 1,354 |
EBITDA (₹ Crores) | 2,326 | 2,038 |
PAT Margin (%) | 5.50% | 5.60% |
EBITDA Margin (%) | 8.40% | 8.50% |
Mr. Ashu Gupta, Company Secretary, commented, "Despite some pressure on revenue growth, we have continued to deliver strong profitability and expand our store network. Our focus on operational efficiency and disciplined cost management has allowed us to maintain healthy margins, and we look forward to capitalizing on new opportunities in the retail sector."
Source: Avenue Supermarts Limited (DMart) H1 FY'25 Press Release
DMart's Q2 FY2025 results reflect its strong financial position, with healthy growth in profitability and expansion of its store network. While revenue growth faced some challenges, the company's focus on cost efficiency and category performance ensures it remains a key player in India's retail landscape.
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