Avenue Supermarts Ltd. News

NSE: Avenue Supermarts Industry : Retailing

Avenue Supermarts tumbles despite reporting 24% rise in Q3 consolidated net profit

Total consolidated income of the company increased by 21.83% at Rs 9,243.72 crore for Q3FY22

10 Jan 2022, 14:42 PM

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Avenue Supermarts reports 24% rise in Q3 consolidated net profit

Total consolidated income of the company increased by 21.83% at Rs 9,243.72 crore for Q3FY22

10 Jan 2022, 09:34 AM

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Avenue Supermarts to open store in Gurgaon

This is the retail chainas second store in Haryana

27 Nov 2021, 11:07 AM

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Avenue Supermarts purchases retail space in Bengaluru: Report

The space, spread across 67,404 sq ft, includes the basement, ground, first and second floors and the terrace in a shopping complex

12 Nov 2021, 12:47 PM

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Avenue Supermarts reports 2-fold jump in Q2 consolidated net profit

Total consolidated income of the company increased by 45.87% at Rs 7816.44 crore for Q2FY22

18 Oct 2021, 10:57 AM

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Avenue Supermarts opens new store in Haryana

The company has opened a 94,000 sq. ft. store at BPTP Parklands, Farida

14 Sep 2021, 11:59 AM

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Avenue Supermarts reports 2-fold jump in Q1 consolidated net profit

Total consolidated income of the company increased by 32.56% at Rs 5214.58 crore for Q1FY22

12 Jul 2021, 12:09 PM

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Avenue Supermarts reports 53% rise in Q4 consolidated net profit

The company has reported a standalone net profit of Rs 434.95 crore for the quarter ended March 31, 2021

10 May 2021, 09:34 AM

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Avenue Supermarts reports 16% rise in Q3 consolidated net profit

Total income of the company increased by 11.33% at Rs 7587.32 crore for Q3FY21

11 Jan 2021, 10:34 AM

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Avenue Supermarts converts two stores into fulfilment centres for e-commerce business

D-Mart has also expanded its e-commerce operations in select pin codes of Pune City

19 Oct 2020, 16:50 PM

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Avenue Supermarts reports 38% fall in Q2 consolidated net profit

Total income of the company decreased by 10.68% at Rs 5358.37 crore for Q2FY21

19 Oct 2020, 11:06 AM

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Avenue Supermarts recovers 80% of its business

Discretionary consumption continues to be under pressure, especially in the non-FMCG categories

13 Jul 2020, 14:57 PM

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Avenue Supermarts reports 88% fall in Q1 consolidated net profit

Total consolidated income of the company decreased by 32.47% at Rs 3933.78 crore for Q1FY21

13 Jul 2020, 11:34 AM

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Avenue Supermarts redeems NCDs

The company has redeemed 1,000 NCDs on March 27, 2020, which was allotted on September 27, 2019

28 Mar 2020, 09:35 AM

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Avenue Supermarts redeems NCDs

The Company has redeemed 1,000 NCD on March 17, 2020, prior to its stated date of redemption i.e. November 16, 2020

18 Mar 2020, 09:49 AM

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Avenue Supermarts raises Rs 4098 crore

The Operations Committee of Directors at its meeting held on February 11, 2020 has approved and allotted the same

11 Feb 2020, 12:47 PM

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Avenue Supermarts to raise Rs 4,098 crore via QIP

Funds will be used to expand the company's store network, invest in supply chain and also to repay loans

06 Feb 2020, 11:06 AM

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Avenue Supermarts reports 55% rise in Q3 consolidated net profit

Total consolidated income of the company increased by 24.31% at Rs 6,815.00 crore for Q3FY20

13 Jan 2020, 10:13 AM

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Today's price summary

Performance Today

Outperformed Sector by 0.38%

Narrow Range

The stock has traded in a narrow range of Rs 40

Moving Averages

higher than 200 day moving averages but lower than 5 day, 20 day, 50 day and 100 day moving averages

Falling Investor Participation

Delivery Vol of 4.81 lacs on 14 Jan has fallen by -12.5% against 5-day avg delivery vol

Liquidity

Based on 2% of 5 day average traded Value the stock is liquid enough for trade size of Rs 11.94 cr

Stock DNA

1 Years Returns

STOCK

-51.41

SECTOR

-47.97

SENSEX

-75.22

Industry

Retailing

MARKET CAP

Rs 2,78,698 Cr

PE (TTM)

189.29

DIVIDEND YIELD

0.00%

Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell

Avenue Supermart is the holding company of DMart. Veteran stock market investor Radhakrishan Damani started Avenue Supermart to cater to the growing needs of retail in India. The first DMart store opened in Powai in 2002. It is now a 214 plus stores strong supermarket chain with a presence in over twelve Indian states. 

Avenue Supermart is a large-cap company with a total market capitalisation value of Rs 1.40 trillion. The company shares recorded a 52 week's price band was Rs 2560-1226 in June 2021.

Company background and profile 

Radhakrishan Damani started to cater to the growing retail demand of the urban population, offering convenience and price advantage to the shoppers. The company operates in the domain of organised retail sectors against peers like Future Group and Reliance. Compared to its peers, DMart operates at a small scale, managing a total retail space of seven million-plus square feet. They primarily rely on retail consumption and offer a massive price advantage against their peers. In categories of food, fashion, apparel, appliances, and several other segments, DMart provides the lowest price. 

DMart focuses on penetrating areas where retail penetration is low, like the tier 2-3 cities. The company is currently driving its business through rapid store openings, targeting the growing middle-class population in the country. They are steadily increasing their footprint with a low-cost, high-efficiency business model.     

Company financials and performance 

  • Company revenue had grown at 38% CAGR in the last eight years
  • Operating income and net income respectively grew at 46 and 47%
  • DMart has maintained a stable profit margin in the past years and has successfully kept inflation-related costs at the margin
  •  It has also started operating in the e-commerce space since the beginning of the pandemic through Avenue E-commerce, a subsidiary company
  • It is a low to no debt company with significantly low rent and interest payment costs on its self-owned store premises

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