| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 16.0K | 10.6% |
| Total Income | 16.0K | 10.5% |
| Expenditure | 15.0K | 10.5% |
| PBT | 995.05 | 10.2% |
| Net Profit | 723.54 | 9.7% |
| OPM | 4.54% | |
| NPM | 4.52% | |
| EPS | 11.12 | 1001.0% |
Avenue Supermarts Ltd Reports Q3FY25 Standalone Total Revenue at Rs.15,565 Crore, Up by 17.5% y-o-y; PAT at Rs.785 Crore, Up by 6.5% y-o-y
12 Jan 2025 · 12 Jan 2025, 01:22 am
Summary
Avenue Supermarts Ltd, the parent company of DMart, reported its standalone financial results for the quarter and nine months ended December 31, 2024. The company's standalone total revenue for Q3FY25 stood at Rs.15,565 crore, representing a y-o-y growth of 17.5%. The standalone PAT for Q3FY25 stood at Rs.785 crore, representing a y-o-y growth of 6.5%. The company added 10 stores in Q3FY25 and 22 stores in 9MFY25. Neville Noronha, the CEO & Managing Director, will not be offering his candidature for renewal of his role at the conclusion of his current term in January 2026. Anshul Asawa has been appointed as the CEO Designate, effective March 15th, 2025.
Key Highlights
- 1
Standalone Total Revenue for Q3FY25 stood at Rs.15,565 crore, up by 17.5% y-o-y
- 2
Standalone PAT for Q3FY25 stood at Rs.785 crore, up by 6.5% y-o-y
- 3
10 stores were added in Q3FY25 and 22 stores were added in 9MFY25
- 4
Neville Noronha will not be renewing his contract as MD & CEO upon its expiration in January 2026
- 5
Anshul Asawa has been appointed as the CEO Designate, effective March 15th, 2025
Management Comments
Neville Noronha
Our revenue for Q3 FY 2025 grew by 17.5% over the previous year. The Q3 FY 2025 same store revenue growth for 2 years and older stores was at 8.3%. We continue to see increased intensity in discounting in the FMCG category and the consequent impact to high turnover per square feet stores in metro towns. However, this quarter the impact has relatively reduced versus the previous quarter (Q2 FY 2025). We stay committed to being the most preferred value retailer to customers in the vicinity of a DMart store or a Fulfilment centre of DMart Ready. DMart Ready grew by 21.5% in 9 months FY 2025. In the rapidly evolving dynamics of the grocery ecommerce market, we are seeing significantly more demand for home delivery compared to pick-up point and hence we continue to align our business to that extent. Our home delivery business now far exceeds our pick-up point sales contribution. We will continue to provide both channels of delivery as an option to our shoppers in select towns. In several towns we now only operate ‘Home Delivery’ as a delivery channel.
Anshul Asawa
Comment not provided in the document.
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