DMart announced Finance results the net profit 38% down and revenue Rs 5,306 crore
India as the Second Largest Supermarket company the Avenues Super Market Limited Saturday announced the Finance Results a show report Net Profit fall 38% percent. That company impacts Pre covid Lockdown time fully closed the supermarket.
DMart Consolidated total revenue Rs.5,306 crore for the quarter ended September 30, 2020, the last year the same quarter revenue Rs. 5,991 crore, but this year fall 12.3% percent YoY.
Consolidated Net Profit results in Rs.199 crore the fall 38% percent the profit Q2FY21 but last year same quarter period Rs.323 crore net profit, than last year this year net profit down.
Basic Earnings per shares (EPS) for Q2FY2 stood at RS. 3.07, as compared with Rs.5.17 for Q2FY20
PAT margin the 2.6% percent of Q2FY21 as compared to 5.5% percent Q2FY20.
Lockdown restrictions to Covid-19 were further eased during this quarter. pre covid close the stores but lockdown eased the government, after covid open stores Dmart business sales improvement on Month on Month this quarter in July business slow start then next month August sale improved continue to recover the Dmart stores September month sale good the market.
FMCG and staples demand remains robust, increase a Sales September 2020 all stores, these sales compare to General Merchandise and Garments sales lower the same period. The company revenue contributes the 22.7% percent sales from General Merchandise and Apparel business in Q2FY21 as compared to the usual 27.3% percent contribution for the year.
Avenues supermarket opens new 6 stores During the quarter. And another update on two stores close reason Mumbai stores for customers and converting them into fulfillment centers for our E-commerce business. One each in Mira Road and Kalyan. Both these locations have an alternate Dmart Store within 4 Kms.
The Dmart Current Share price Rs.1984.20
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