Introduction
Avenue Supermarts Ltd, the parent company of the retail giant DMart, reported a stellar performance in Q3 FY25, driving its share prices up by 15%. The company’s revenue growth of 17.5% year-on-year (YoY) reflects its continued dominance in the retail sector.
This performance marks a strong comeback for Avenue Supermarts, making headlines in the market news with its impressive revenue figures and expanding footprint.
Q3 FY25 Key Highlights
- Revenue Growth: Standalone revenue from operations rose to ₹15,565.23 crore, up 17.5% YoY, compared to ₹11,304.58 crore in Q3 FY24.
- Store Expansion: Avenue Supermarts added 10 new stores during the quarter, bringing the total count to 387 stores by December 31, 2024.
- DMart Share Price Performance: Shares zoomed 15% to ₹4,152.75 on January 3, 2025, following the announcement of Q3 results.
D-Mart’s Revenue Growth: A Closer Look
Avenue Supermarts’ robust revenue growth is a testament to its strategic focus on retail essentials. The DMart share price has rallied, fueled by consistent operational efficiency and customer loyalty.
Promoted by Radhakishan Damani, Avenue Supermarts continues to cater to diverse consumer needs across states like Maharashtra, Gujarat, Tamil Nadu, and Karnataka.
Avenue Supermarts Q2 FY25 Performance
- Net Profit: Consolidated net profit stood at ₹659.44 crore, up 5.78% YoY.
- Revenue: Total revenue reached ₹14,444.50 crore, marking a 14.41% increase YoY.
- Expenses: Total expenses for the quarter rose to ₹13,574.83 crore, reflecting the company’s continued investment in growth and operations.
DMart’s Aggressive Expansion Strategy
Avenue Supermarts’ focus on adding 16 new stores in H1 FY25 underscores its commitment to scaling operations. The company’s store count now stands at 387, with plans to further penetrate high-demand regions.
CEO Neville Noronha highlighted the growth potential of older stores, with like-for-like revenue growth for two-year-old stores at 7.4% in H1 FY25.
Market Impact
While Avenue Supermarts shares have declined 8% in the past 12 months, the recent 15% surge reflects renewed investor confidence. The company’s robust Q3 performance and aggressive growth strategies position it strongly in the retail sector.
Conclusion
With its impressive Q3 FY25 results, Avenue Supermarts reaffirms its position as a leader in the Indian retail market. The company’s consistent revenue growth and store expansion strategies continue to attract investors, making DMart news a regular feature in the stock market.
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