“Our revenue grew by 18.4% for Q1 FY 2025. The contribution of general merchandise and apparel continued to improve during the quarter and reflected in the gross margin uptick (Q1 FY 2025 vs Q1 FY 2024). Operating expenses increased. Avenue Neville Noronha, CEO and MD of Supermarts said, continuous efforts to improve service levels and increase capacity for the future.
D-Mart opened 6 new stores during the quarter, taking the total store count to 371 at the end of June.
The company’s consolidated basic earnings per share (EPS) for Q1FY25 for Q1FY24 was Rs. 10.14 as compared to Rs. was 11.89.
When viewed on a standalone basis, its revenue grew by 18.4% YoY to Rs. 13,712 crore while PAT also increased by 16.8% YoY to Rs. 812 crores.
D-Mart follows a low cost and low cost strategy aimed at delivering value for money to customers by leveraging the efficiency of purchasing, handling and distribution of goods at competitive prices and thereby selling at competitive prices.
In the June quarter, FII holdings in the company increased from 8.3% to 9.2% while DII ownership fell to 8% from 8.6%.
Ahead of the announcement of quarterly figures, shares of Avenue Supermarts rose 1.15% on the BSE on Friday to Rs. closed at 4,953.
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