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Values in Rs. in  Crores

Avenue Supermart Sep 23 Year on Year Revenue Flies by 18.7% to Rs..12624 Crore and Year on Year Profit dwindle by 9.0% to Rs..624 Crore. Quarter to Quarter Revenue Soars by 6.4% and Q to Q Profit drops by 5.3%

00:00 / 03:22
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Revenue Analysis:

Avenue Supermart, has reported a revenue of Rs. 12624 Crore, which has zooms by 6.4% as compared to previous quarter revenue of Rs. 11865 Crore. As compared to revenue of September-22, there is a increases sharply by 18.7% from Rs. 10638 Crore. to Rs. 12624 Crore.


Market Expectations V/s Actual

The Market Estimate of the Revenue was Rs.12667 Crore . Company's reported Revenue of Rs. 12624 is fairly in line with expectations.


Profit and Cost Analysis as Compared to Previous June'23 Quarter Results:

Quarterly Profit has drops by 9.0% to Rs.624 Crore from Rs. 686 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has lessen by 5.3% to Rs.624 Crore from Rs. 659 Crore. Net Profit % of the Company has remained at 4.9% compared to 5.6% in previous quarter and 6.4% in year ago quarter.

On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has nearly stays similar to 8.0% from 8.7% as compared with June, 2023 quarter. The reason for the slightly changes of EBITDA Margin is due to,

a) Cost of Sales has slightly changes to 85.3% (Previous Quarter: 84.8%). Cost of Sales in absolute terms has upscales from Rs. 10063 Crore to 10771 Crore.

b) Employee Cost has soars to 1.8% (Previous Quarter: 1.7%). Employee Cost in exact value has crosses from Rs. 206 Crore to 225 Crore.

c) Other Expenses has surge to 4.9% (Previous Quarter: 4.7%). Other Expenses zooms from Rs. 561 Crore to 623 Crore.

The finance cost has upscales from Rs. 14.57 Crore to 15.59 Crore by 7.0%.


Key Matrix:

Price to Earning (PE) ratio of the company is 106.67 as compared to the Industry PE of 96.63. High PE signifies that there can be scope of correction in prices in future, unless market estimates high growth in the company. Companies Return on Equity (ROE) is 13.4% and Return of Capital Employed (ROCE) is 18.6%.


Share Price Movement:

The Return on Share Prices were 3.3% in past one month, 5.6% in 3 months, 11.8% in 6 months, -5.6% in 12 months, -20.0% in 24 months.


Summary:

To summarize, as compared to June'23, Revenue has zooms by 6.4%. Gross Margin has dwindle from 15.2% to 14.7%. EBITDA Margin has nearly stays similar to 8.0% from 8.7%. and Net Profit After Tax Margin has lessen to 4.9% from 5.6%.

The Brief of Quarterly Results is as follows:

Avenue Supermarts Limited

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
12624
11865
10594
11569
Cost of Goods Sold
10771
10063
9106
9851
Employee Cost
225
206
187
192
Other Expenses
623
561
530
560
EBITDA
1006
1035
772
965
Depreciation
174
162
164
168
Interest Expense
16
15
16
17
Other Income
37
39
33
32
Profit B4 Excep. Items
853
897
625
812
Exception Items
0
0
0
0
Net Profit Before Tax
853
897
625
812
Taxes
229
239
165
222
Net Profit After Tax
624
659
460
590
Gross Margin %
14.68
15.19
14.05
14.85
Employee Cost %
1.78
1.74
1.76
1.66
Other Expense Cost %
4.93
4.73
5
4.84
EBITDA %
7.97
8.73
7.28
8.34
Net Profit After Tax %
4.94
5.55
4.34
5.1

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00:00 / 04:10
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