DMart Q4 earnings: Avenue Supermarts' profit slips 2% YoY to ₹551 crore

DMart’s parent company, Avenue Supermarts, on Saturday, May 3, reported a 2% year-on-year (YoY) fall in its consolidated net profit to ₹551 crore for the fourth quarter of FY25 (Q4 FY25), compared to ₹563 crore logged in the same period a year earlier.

The retail company’s revenue from operations stood at ₹14,872 crore in the March FY25 quarter, up 17% YoY from ₹12,726.6 crore registered in the fourth quarter of the 2023-24 financial year (Q4FY24).

Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 1.2% YoY to ₹955.3 crore in Q4 FY25, as against ₹943.7 crore logged in Q4 FY24. The company’s EBITDA margin contracted to 6.4%, compared to 7.4% in March FY24.

Commenting on DMart’s brick-and-mortar business, Neville Noronha, CEO and Managing Director of Avenue Supermarts Limited, said, “Our revenue in Q4 FY25 grew by 16.7% over the previous year. Profit after tax (PAT) before prior period adjustments declined by 3.4% over the previous year and was not in line with sales growth. Two years and older DMart stores grew by 8.1% during Q4 FY25 as compared to 10.3% in Q4 FY24. The growth is primarily driven by increased footfall.”

“Our DMart Ready business is growing extremely well in key metro towns. We have shut down several pick-up points (PUPs); however, our Home Delivery channel is growing strongly and has more than compensated for any loss of sale of the PUPs. This year was a year of reset and review. However, it is also giving us confidence that our model is scalable and relevant to the Metro City shopper who appreciates DMart Ready for its value positioning and assortment profile,” Noronha further commented while speaking about DMart Ready, its e-commerce business.

Shares of DMart closed 3.35% lower at ₹4,059.20 apiece on the National Stock Exchange (NSE) on Friday, a day before the earnings announcement.