Dmart Q3 Results: A Comprehensive Overview
Discover Dmart Q3 Results, showcasing financial performance and growth insights. Stay informed on key metrics and trends driving the retail sector.
Trending News Fox, Digital Desk Team, Kolkata
Edited by Saibal Bose
Avenue Supermarts Ltd., the operator of the D-Mart retail chain, reported its financial results for the third quarter ending December 31, 2024.
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Key highlights include: Dmart Q3 Results
- Net Profit: The consolidated net profit rose by 4.8% to ₹723.54 crore, compared to ₹690.41 crore in the same quarter of the earlier fiscal year.
- Revenue: Revenue from operations increased by 17.68% to ₹15,972.55 crore, up from ₹13,572.47 crore in the corresponding quarter of the prior year.
- Expenses: Total expenses grew by 18.52% to ₹15,001.64 crore.
- Margins: The Profit After Tax (PAT) margin slightly declined to 4.5% from 5.1% year-over-year.
- Same-Store Growth: Stores operational for two years or more experienced an 8.3% revenue growth.
- Online Services: The DMart Ready online platform saw a 21.5% growth in the first nine months of FY2025, with a notable shift towards home delivery services over pick-up points.
- Store Expansion: As of December 31, 2024, D-Mart operated 387 stores, covering a retail area of 16.1 million square feet.
In a significant leadership update, CEO and Managing Director Neville Noronha made an announcement. He will not seek renewal of his role after his term concludes in January 2026. Anshul Asawa, currently with Unilever, has been appointed as CEO Nominee, effective March 15, 2025.
These results highlight D-Mart’s continued growth in revenue and net profit, despite challenges in profit margins and increased expenses. The company’s expansion in both physical stores and online services reflects its strategy to adapt to evolving consumer preferences.
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