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    DMART   INE192R01011

AVENUE SUPERMARTS LIMITED

(DMART)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 10/14 07:25:20 am
5323.75 INR   +4.04%
10/04AVENUE SUPERMARTS : Books Higher Revenue in Fiscal Q2
MT
09/14AVENUE SUPERMARTS : Opens New Store in Faridabad, India
MT
07/11AVENUE SUPERMARTS : Consolidated Profit Surges in Fiscal Q1
MT
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Avenue Supermarts 1Q Profit Jumps From Low Base

07/11/2021 | 09:06pm EDT

By Ben Otto

Avenue Supermarts Ltd.'s first-quarter net profit more than doubled from a low base a year earlier, but declined on-quarter as store hours were restricted during a second wave of Covid-19 cases in India.

The operator of DMart Indian supermarket said Saturday that net profit in the quarter ended June rose to 953.7 million rupees ($12.8 million) from INR400.9 million a year earlier. On-quarter, however, profit fell 77% as worsening pandemic conditions forced restrictions on operating hours.

Revenue from operations rose 33% from a year earlier to INR51.83 billion on higher overall footfall. The Mumbai-company also opened 22 new stores since last year's reporting period.

Avenue Supermart said its supply chain hadn't been signficantly affected by the pandemic in the latest quarter, and that inventory is gradually moving toward normal levels.

It said that its stores require a minimum of 45 days of unhindered operation to return to the level of pre-Covid sales.

Write to Ben Otto at ben.otto@wsj.com

(END) Dow Jones Newswires

07-11-21 2306ET

All news about AVENUE SUPERMARTS LIMITED
10/04AVENUE SUPERMARTS : Books Higher Revenue in Fiscal Q2
MT
09/14AVENUE SUPERMARTS : Opens New Store in Faridabad, India
MT
07/11AVENUE SUPERMARTS : Consolidated Profit Surges in Fiscal Q1
MT
07/11Avenue Supermarts 1Q Profit Jumps From Low Base
DJ
07/10Avenue Supermarts Limited Reports Earnings Results for the First Quarter Ended June 30,..
CI
07/05Indian shares rise on lower virus cases, vaccines boost; financials jump
RE
07/04Avenue Supermarts First-Quarter Revenue Rose 31% on Year
DJ
07/04AVENUE SUPERMARTS' : Revenue Climbs in Fiscal Q1
MT
05/10AVENUE SUPERMARTS' : Consolidated Profit Jumps in Fiscal Q4
MT
05/09Avenue Supermarts Fourth-Quarter Net Profit Jumped 53%
DJ
More news
Financials
Sales 2022 312 B 4 166 M 4 166 M
Net income 2022 15 027 M 200 M 200 M
Net cash 2022 18 305 M 244 M 244 M
P/E ratio 2022 226x
Yield 2022 -
Capitalization 3 449 B 45 980 M 45 973 M
EV / Sales 2022 11,0x
EV / Sales 2023 7,97x
Nbr of Employees 10 175
Free-Float 21,8%
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Technical analysis trends AVENUE SUPERMARTS LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 24
Last Close Price 5 323,75 INR
Average target price 3 520,33 INR
Spread / Average Target -33,9%
EPS Revisions
Managers and Directors
Ignatius Navil Noronha Chief Executive Officer, Executive Director & MD
Ramakant Baheti Group Chief Financial Officer & Executive Director
Niladri Deb Chief Financial Officer
Ramesh Shrichand Damani Chairman
Narayanan Bhaskaran Chief Operating Officer-Retail
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