Avenue Supermarts Ltd

AEL was incorporated on 11th November, 2014 and is engaged in the business of online and multi-channel grocery retail under the brand name 'DMart Ready'. Its turnover was Rs 2,899.20 crore in FY24. AEL will utilize these funds towards its operational, working capital and capex requirements. The company has subscribed 4,67,78,000 shares of AEL at face value of Rs 10 each at Rs 37.41 per share, for an amount aggregating to Rs 174.99 crore. The said shares were issued by AEL on preferential basis to the company. In AEL, the promoter's shareholding prior to the acquisition was at 99.71% and post transaction, the shareholding stood at 99.74% The said investment is a related party transaction as Manjri Chandak, director and promoter group of the company, is also a director in AEL. Mumbai-based Avenue Supermarts owns and runs the popular D-Mart stores, a national supermarket chain offering a variety of home and personal products. As of 31 December 2024, the company had 387 operating stores with Retail Business Area of 16.1 million sq. ft across Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh and Daman. Avenue Supermarts (Dmart) reported 4.8% increase in consolidated net profit to Rs 723.72 crore in Q3 FY25 as compared with Rs 690.61 crore in Q3 FY24. Revenue from operations jumped 17.7% YoY to Rs 15,972.55 crore in Q3 FY25. The counter rose 0.35% to settle at Rs 3,845.55 on Wednesday, 19 March 2025.Powered by Capital Market - Live

Avenue Supermarts has opened a new store at Kodad, Suryapet (Telangana) today. The total number of stores as on date stands at 392.Powered by Capital Market - Live

Avenue Supermarts has opened a new store at Jandiala, Amritsar (Punjab) today. The total number of stores as on date stands at 388.Powered by Capital Market - Live

Profit before tax (PBT) rose 4.9% YoY to Rs 995.05 crore during the quarter. EBITDA stood at Rs 1,217 crore during the period as compared with Rs 1,120 crore posted in corresponding quarter last year. EBITDA margin stood at 7.6% in Q3 FY25 as against 8.3% in Q3 FY24. D-Mart follows Everyday low cost - Everyday low price (EDLC-EDLP) strategy which aims at procuring goods at competitive prices, using operational and distribution efficiency and thereby delivering value for money to customers by selling at competitive prices. Standalone basis, the company's net profit rose 6.5% to Rs 784.65 crore on 17.5% increase in revenue from operations to Rs 15,565.23 crore in Q3 FY25 over Q3 FY24. During the quarter 10 stores were added. Neville Noronha, CEO & managing director, Avenue Supermarts, said: 'Our revenue for Q3 FY 2025 grew by 17.5% over the previous year. The Q3 FY 2025 same store revenue growth for 2 years and older stores was at 8.3%. We continue to see increased intensity in discounting in the FMCG category and the consequent impact to high turnover per square feet stores in metro towns. However, this quarter the impact has relatively reduced versus the previous quarter (Q2 FY 2025). We stay committed to being the most preferred value retailer to customers in the vicinity of a DMart store or a Fulfilment centre of DMart Ready. Meanwhile, the company announced that Neville Noronha will not be offering his candidature for renewal of his role as the managing director and CEO at the conclusion of his current term in January 2026 - a year from now. The board of directors honours his decision and expresses profound gratitude for his extraordinary contribution to the company. The board has appointed Anshul Asawa as the CEO designate, effective 15 March 2025. Anshul Asawa is expected to take over as the MD and CEO on the 1st of February, 2026, upon the completion of Neville's term in that position Anshul Asawa, an IIT Roorkee and IIM Lucknow alumnus, will be joining DMart after a 30-year long stint at Unilever where he had leadership roles overseeing the growth of product categories and developing impactful functions in India, Asia, and Europe. He currently serves as Country Head of Unilever in Thailand and General Manager for the Home Care business unit in Greater Asia. Further, the company 's board has also approved the appointment of Hitesh Shah, vice president-category (FMCG) as Head-Pharma Business, Rajeev Chandrasekharan, General Manager - DC as Head-Centre of Excellence to oversee the process audit function Furthermore, the company's board approved the change in role of Ashutosh Dhar as Head Loss Prevention. He shall not be considered as senior management personnel due to change in his reporting structure. Mumbai-based Avenue Supermarts owns and runs the popular D-Mart stores, a national supermarket chain offering a variety of home and personal products. As of 31 December 2024, the company had 387 operating stores with Retail Business Area of 16.1 million sq. ft across Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh and Daman. The counter fell 2.81% to Rs 3,582 on the BSE. Powered by Capital Market - Live

Net profit of Avenue Supermarts rose 4.79% to Rs 723.72 crore in the quarter ended December 2024 as against Rs 690.61 crore during the previous quarter ended December 2023. Sales rose 17.68% to Rs 15972.55 crore in the quarter ended December 2024 as against Rs 13572.47 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales15972.5513572.47 18 OPM %7.628.25 - PBDT1223.171138.26 7 PBT995.05948.93 5 NP723.72690.61 5 Powered by Capital Market - Live

Avenue Supermarts will hold a meeting of the Board of Directors of the Company on 11 January 2025.Powered by Capital Market - Live

ITI Ltd, Lloyds Engineering Works Ltd, Ashapura Minechem Ltd and Shyam Metalics & Energy Ltd are among the other gainers in the BSE's 'A' group today, 03 January 2025.Avenue Supermarts Ltd spiked 11.85% to Rs 4046.4 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 5.91 lakh shares were traded on the counter so far as against the average daily volumes of 26012 shares in the past one month. ITI Ltd soared 8.92% to Rs 415.05. The stock was the second biggest gainer in 'A' group. On the BSE, 11.59 lakh shares were traded on the counter so far as against the average daily volumes of 11.57 lakh shares in the past one month. Lloyds Engineering Works Ltd surged 8.72% to Rs 83.4. The stock was the third biggest gainer in 'A' group. On the BSE, 7.68 lakh shares were traded on the counter so far as against the average daily volumes of 3.38 lakh shares in the past one month. Ashapura Minechem Ltd added 7.67% to Rs 443.15. The stock was the fourth biggest gainer in 'A' group. On the BSE, 26565 shares were traded on the counter so far as against the average daily volumes of 51664 shares in the past one month. Shyam Metalics & Energy Ltd spurt 7.08% to Rs 793.7. The stock was the fifth biggest gainer in 'A' group. On the BSE, 69782 shares were traded on the counter so far as against the average daily volumes of 13285 shares in the past one month. Powered by Capital Market - Live

The key domestic indices pared some losses but traded in negative zone in mid-morning trade. The Nifty traded above the 24,100 level. Pharma shares witnessed profit booking after advancing in past six consecutive trading sessions. At 11:28 IST, the barometer index, the S&P BSE Sensex declined 308.46 points or 0.39% to 79,634.70. The Nifty 50 index slipped 82.10 points or 0.34% to 24,106.55. In the broader market, the S&P BSE Mid-Cap index rose 0.09% and the S&P BSE Small-Cap index gained 0.65%. The market breadth was strong. On the BSE, 2,304 shares rose and 1,443 shares fell. A total of 164 shares were unchanged. Buzzing Index: The Nifty Pharma index fell 0.89% to 23,343.85. The index gained 4.26% in past six consecutive trading sessions. Ajanta Pharma (down 2.39%), Aurobindo Pharma (down 1.75%), Lupin (down 1.67%), Dr Reddys Laboratories (down 1.15%), Cipla (down 1.14%), Abbott India (down 1.07%), Granules India (down 1.07%), Torrent Pharmaceuticals (down 1.01%), Alkem Laboratories (down 0.97%) and Sun Pharmaceuticals Industries (down 0.93%) edged lower. On the other hand, Gland Pharma (up 3.25%), J B Chemicals & Pharmaceuticals (up 0.75%) and Glenmark Pharmaceuticals (up 0.03%) edged higher. Stocks in Spotlight: Avenue Supermarts (DMart) spurted 13.03% after the company reported good Q3 business update. The company's standalone revenue from operations for the quarter ended (QE) 31 December 2024 stood at Rs 15,565.23 crore, up 17.50% year-on-year. Indian Railway Finance (IRFC) rose 0.52%. The company has signed a memorandum of understanding (MoU) with REMCL to collaborate on financing renewable energy projects awarded by REMCL for supply to Indian Railways. Hindustan Zinc advanced 2.46% after its mined metal production stood at 265,000 tonnes in Q3 FY25, up 3% QoQ driven by higher mined metal grades and increase in production at Agucha and Zawar mines. Global Markets: Asian stocks traded mixed on Friday, defying the gloomy sentiment on Wall Street, where US stocks extended their losing streak to a fifth consecutive day. Equity trading in Japan was closed for a holiday. Chinese stocks are under scrutiny after their worst start to the year since 2016. US stocks declined on Thursday, erasing early gains following a series of security incidents across the United States in recent days. The Dow Jones Industrial Average shed 156 points, or 0.4%, while the S&P 500 index lost 10 points, or 0.2%, and the NASDAQ Composite dipped by 30 points, or 0.2%. Investors are closely monitoring the US House Speaker vote on Friday to determine if Mike Johnson will retain his position. Internal disagreements within the Republican party regarding his reelection could potentially hinder the agenda of the President-elect. Tesla shares plummeted over 6% after the EV manufacturer reported a record number of vehicle deliveries in the fourth quarter, as announced on Thursday. However, these deliveries fell short of consensus expectations. Apple is offering discounts on its latest iPhone models in China, an unusual move that signifies escalating competition from domestic rivals in the world's largest smartphone market. As a result, the company's shares declined by nearly 3% on Thursday.Powered by Capital Market - Live

Asahi India Glass Ltd, Oil India Ltd, Quess Corp Ltd, Bank of Maharashtra are among the other stocks to see a surge in volumes on BSE today, 03 January 2025.Avenue Supermarts Ltd registered volume of 5.44 lakh shares by 10:46 IST on BSE, a 24.71 fold spurt over two-week average daily volume of 22030 shares. The stock rose 13.70% to Rs.4,113.30. Volumes stood at 25766 shares in the last session.Asahi India Glass Ltd saw volume of 30716 shares by 10:46 IST on BSE, a 7.57 fold spurt over two-week average daily volume of 4059 shares. The stock dropped 2.23% to Rs.736.00. Volumes stood at 2200 shares in the last session.Oil India Ltd registered volume of 4.5 lakh shares by 10:46 IST on BSE, a 4.53 fold spurt over two-week average daily volume of 99389 shares. The stock rose 4.81% to Rs.485.85. Volumes stood at 2.28 lakh shares in the last session.Quess Corp Ltd clocked volume of 85847 shares by 10:46 IST on BSE, a 3.62 times surge over two-week average daily volume of 23732 shares. The stock gained 4.09% to Rs.695.70. Volumes stood at 24282 shares in the last session.Bank of Maharashtra recorded volume of 23.82 lakh shares by 10:46 IST on BSE, a 3.58 times surge over two-week average daily volume of 6.66 lakh shares. The stock gained 3.92% to Rs.54.84. Volumes stood at 5.73 lakh shares in the last session.Powered by Capital Market - Live

The company's standalone revenue from operations for the quarter ended (QE) 31 December 2024 stood at Rs 15,565.23 crore, up 17.50% year-on-year. The total number of DMart stores as of 31 December 2024 stood at 387. Mumbai-based Avenue Supermarts owns and runs the popular D-Mart stores, a national supermarket chain offering a variety of home and personal products. As of 30 September 2024, the company had 377 operating stores with Retail Business Area of 15.8 million sq. ft across Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh and Daman. Avenue Supermarts reported a 5.77% increase in consolidated net profit to Rs 659.58 crore in Q2 FY25 as compared with Rs 623.56 crore posted in Q2 FY24. Revenue from operations jumped 14.41% to Rs 14,444.50 crore in Q2 FY25 as against Rs 12,624.37 crore recorded in Q2 FY24. Powered by Capital Market - Live