Avenue Supermarts Q3FY22 Profit Snapshot: Estimated 28% Profit Increase at This Company

The large chain of stores Avenue Supermarts backed D-Mart to publish its third quarter results for the fiscal year 2021-2022 on Saturday. Results are expected to be strong, with earnings and revenues growing by up to 28% annually, while margins are expected to see minimal gain.

According to research from Zee Business, famous investor D-Mart promoted by Radhakishan Damani could record 22% year-on-year revenue growth to Rs 9,065 crore from Rs 7,432.7 crore as of Q3FY21.

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The company in its third quarter update last week revealed that own-source operating income during the quarter was Rs 9,065.02 crore. While the total number of stores as of December 31, 2021 stood at 263, Avenue Supermarts said.

Likewise, the company’s profit is expected to increase 27.6 percent to Rs 600 crore from Rs 470.25 crore during the same period a year ago, Zee Business Research said in a preview. .

Meanwhile, earnings before interest, taxes, depreciation and amortization (EBITDA) is expected to rise 27.7 percent to Rs 883 crore from Rs 691.4 crore in the same quarter a year ago. While margins would register minor gains of 9.74 percent from 9.3 percent year-on-year.

The company last week, Dec.31, in a filing said the board meeting was scheduled for Jan.8, 2022 to review and approve unaudited stand-alone and consolidated financial results for the quarter and nine months. completed. December 31, 2021.

D Mart’s share price closed flat with a positive bias up 0.5% to Rs 4,730.85 per share on BSE, compared with a rise of 0.24% in the S&P BSE Sensex. The stock over the past year had jumped nearly 60 percent, while nearly 40 percent in the past six months on BSE.