“Our revenue for Q1 FY 2025 grew by 18.4%. Contribution from General Merchandise and Apparel continued to improve during the quarter and this is reflected in the gross margin uptick (Q1 FY 2025 vs Q1 FY 2024). Operating costs have gone up due to continuing effort on improving service levels and building capability for the future,” said Avenue Supermarts CEO and MD Neville Noronha.
During the quarter D-Mart opened 6 new stores, taking the total store count to 371 as on June-end.
The company’s consolidated basic earnings per share (EPS) for Q1FY25 stood at Rs 11.89, as compared to Rs 10.14 for Q1FY24.
When seen on a standalone basis, its revenue rose 18.4% YoY to Rs 13,712 crore while PAT also rose 16.8% YoY to Rs 812 crore.D-Mart follows a low cost and low price strategy which aims at procuring goods at competitive prices, using operational and distribution efficiency and thereby delivering value for money to customers by selling at competitive prices.In the June quarter, FII holding in the company rose from 8.3% to 9.2% while DII ownership fell down from 8.6% to 8%. Ahead of the announcement of the quarterly numbers, shares of Avenue Supermarts had ended 1.15% higher at Rs 4,953 on BSE on Friday.
