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DMart stock slips despite strong showing in Q2
Business Standard
|October 05, 2024
Mixed response from brokerages; company had 377 stores till Sep 30
Shares of Avenue Supermarts (DMart) fell as much as 4.95 per cent to hit an intraday low of ₹4,695.40 apiece on the BSE on Friday.
DMart share price fell despite the company posting strong quarterly numbers for Q2FY25 (July-September).
DMart financial performance In Q2FY25, the company's stand-alone revenue from operations came in at ₹14,050.32 crore, an increase of over 14 per cent from ₹12,307.72 crore in the same quarter of FY24.
DMart posted revenue of ₹10,384.66 crore in Q2FY23 and ₹7,649.64 in Q2FY22. The total number of stores as of September 30, 2024, stood at 377.
DMart's profit rose 17.5 per cent year-on-year (Y-o-Y) to ₹773.7 crore during the June quarter of FY25 (Q1FY25), backed by improvement in sales from general merchandise and apparels.
The company had posted a net profit of ₹658.7 crore in April-June a year ago (Q1FY24).
This story is from the October 05, 2024 edition of Business Standard.
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