Press Release4 May 2024, 09:36 pm
Avenue Supermarts Ltd Reports 19.9% Revenue Growth in Q4FY24, PAT Surges 19.6%
AI Summary
Avenue Supermarts Ltd, one of the largest food & grocery retailers in India, reported standalone total revenue of Rs. 12,393 Crore for Q4FY24 with a y-o-y growth of 19.9%. EBITDA stood at Rs. 940 Crore, a y-o-y growth of 20.2%. Standalone PAT stood at Rs. 604 Crore, a y-o-y growth of 19.6%. For the year ended March 31, 2024 (FY24), total revenue was Rs. 49,533 Crore, with a y-o-y growth of 18.4%. EBITDA was Rs. 4,099 Crore, representing a y-o-y growth of 12.0%, and PAT stood at Rs. 2,695 Crore, a y-o-y growth of 5.4%. The company added 24 stores in Q4FY24 and 41 stores in FY24.
Key Highlights
- Standalone total revenue grew by 19.9% in Q4FY24 to Rs. 12,393 Crore
- Standalone PAT surged by 19.6% to Rs. 604 Crore in Q4FY24
- EBITDA grew by 20.2% in Q4FY24 to Rs. 940 Crore
- Company added 24 stores in Q4FY24 and 41 stores in FY24
- For FY24, total revenue grew by 18.4% to Rs. 49,533 Crore