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    Luxembourg Minister of Economy, SME, Energy & Tourism Mr Lex Delles calls on Union Minister Dr Jitendra Singh, proposes identifying concrete areas of collaboration, primarily in the Space sector

    India’s $8.4B Space Economy Takes Center Stage as Bengaluru Space Expo 2026 Begins.

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    PHOTO CREDIT-AIR INDIA

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    PHOTO CREDIT-Air-India-

    Living the dream: Inside the delivery of Air India’s latest line-fit Boeing 787-9, VT-AWD

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PHOTO CREDIT-Garuda's Indigenous Defence Drone Manufacturing Facility in Chennai.

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    Actor Priyamani in Antara Care Homes’ latest campaign that spotlights one of the most under-addressed needs of seniors and caregivers: Post-hospitalisation recovery.
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Home Business

“We also completed a successful equity fund raise to make our balance sheet stronger, resilient and also help augment our future growth.”says Mr. Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited

Standalone Total Revenue up by 23% at Rs. 6,194 Crore Standalone PAT up by 41.4% at Rs. 287 Crore

FWM by FWM
May 23, 2020
in Business
0
Mr. Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited

Mr. Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited

For the Quarter ended March 31, 2020 (Q4 FY20):

Standalone Results

  • Total Revenue stood at Rs. 6,194 crore, y-o-y growth of 23% •EBITDA of Rs. 418 crore; y-o-y growth of 10.9%
  • PAT stood at Rs. 287 crore; y-o-y growth of 41.4%
  • Basic EPS for Q4 FY20 stood at Rs. 4.49, compared to Rs. 3.25 for Q4 FY19
  • 18 stores were added in Q4 FY20

For the Year ended March 31, 2020 (FY20):

  • Total Revenue stood at Rs. 24,675 crore, y-o-y growth of 23.9% •EBITDA of Rs. 2,122 crore; y-o-y growth of 29.2%
  • PAT stood at Rs. 1,350 crore; y-o-y growth of 44.2%
  • Basic EPS for FY20 stood at Rs. 21.49, as compared to Rs. 15.00 for FY19
  • 38 stores were added in FY20

Mumbai, May 23, 2020: Avenue Supermarts Ltd. (ASL), one of the largest food & grocery retailers in India, today declared its standalone and consolidated financial results for the quarter and year ended March 31, 2020

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Standalone results

Total Revenue for the quarter ended March 31, 2020 stood at Rs. 6,194 crore, as compared to Rs. 5,033 crore in the same period last year.

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q4 FY20 stood at Rs. 418 crore, as compared to Rs. 377 crore in the corresponding quarter of last year. EBITDA margin is at 6.7% in Q4 FY 20 as compared to 7.5% in Q4 FY19.

Net Profit is at Rs. 287 crore for Q4 FY20, as compared to Rs. 203 crore in the same period last year. PAT margin improved from 4.0% in Q4 FY19 to 4.6% in Q4 FY2

Basic Earnings per share (EPS) for Q4 FY20 stood at Rs. 4.49, as compared with Rs.3.25 for Q4 FY19

Total Revenue for FY20 stood at Rs. 24,675 crore, as compared to Rs. 19,916 crore in the same period last year.

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in FY20 stood at Rs. 2,122 crore, as compared to Rs. 1,642 crore during FY19. EBITDA margin improved from 8.2% in FY19 to 8.6% in FY20.

Net Profit is at Rs. 1,350 crore for FY20, as compared to Rs. 936 crore in FY19. PAT margin improved from 4.7% in FY19 to 5.5% in FY20.

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 performance of the company Mr. Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said: Overall, FY 2020 saw a healthy 24% revenue growth while PAT margins were in line with expectations. Our LFL growth for FY2020 was 10.9%. Two reasons for this. One is that stores that are more than 5 years old grew at a rate lower than the previous year and most of the stores that are younger are peaking faster, even before they qualify for the 24 months LFL measurement. We opened a record 38 new stores, 6-8 of those stores should have actually opened last year. We also completed a successful equity fund raise to make our balance sheet stronger, resilient and also help augment our future growth.

Tags: Avenue Supermarts Ltd. (ASL)results
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