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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Avenue Supermarts Limited    DMART   INE192R01011

AVENUE SUPERMARTS LIMITED

(DMART)
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Avenue Supermarts' : Second-Quarter Net Profit Fell 38% on Weaker Sales

10/18/2020 | 11:03pm EST

By Kosaku Narioka

Avenue Supermarts Ltd.'s second-quarter net profit dropped 38% from a year earlier due to weaker sales amid the Covid-19 pandemic, the operator of the DMart supermarket chain said Saturday.

Avenue Supermarts' net profit for the quarter ended September fell to 1.99 billion rupees ($27.1 million) from INR3.23 billion a year earlier.

On stand-alone basis, net profit was INR2.11 billion, missing the estimate of INR2.22 billion provided by a FactSet poll of analysts.

Avenue Supermarts said DMart store sales have been improving gradually but customer visits are still significantly below pre-pandemic levels.

The group's second-quarter revenue fell 11% from a year earlier to INR53.06 billion.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

10-18-20 2302ET

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Financials
Sales 2021 242 B 3 300 M 3 300 M
Net income 2021 10 466 M 142 M 142 M
Net cash 2021 19 041 M 259 M 259 M
P/E ratio 2021 150x
Yield 2021 -
Capitalization 1 572 B 21 382 M 21 393 M
EV / Sales 2021 6,40x
EV / Sales 2022 4,53x
Nbr of Employees 9 780
Free-Float 21,3%
Chart AVENUE SUPERMARTS LIMITED
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Avenue Supermarts Limited Technical Analysis Chart | DMART | INE192R01011 | MarketScreener
Technical analysis trends AVENUE SUPERMARTS LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 2 198,30 INR
Last Close Price 2 426,70 INR
Spread / Highest target 27,1%
Spread / Average Target -9,41%
Spread / Lowest Target -39,2%
EPS Revisions
Managers
NameTitle
Ignatius Navil Noronha Chief Executive Officer, Executive Director & MD
Ramesh Shrichand Damani Chairman
Udaya Bhaskar Yarlagadda Chief Operating Officer-Retail
Ramakant Baheti Group Chief Financial Officer & Executive Director
Niladri Deb Chief Financial Officer
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