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DMart Q2 review: Revenue at 5218.2 cr vs 5949 cr, down 12.3%; Margins at 6.2% vs 8.7%

The September quarter performance delivered by Avenue Supermarts was dismal on several counts. To start with, the margins came in at 6.2% versus an estimate of 7.1%
Profits also were below expectations, while the top line was in line aided by the sale of essentials and FMCG products.
The retailer has added 6 stores, while 2 were closed (Mira Road & Kalyan) and converted into Fulfillment Center for ECommerce Business during Q2FY21. The management says business has seen improvement and continues to gradually progress towards the pre-pandemic level, though footfalls continue to be significantly lower than pre-Covid levels (while basket values are significantly higher). Supply chains and manufacturing in non-FMCG sector will take time to get back to pre-Covid level, the management said.

Q2 Performance of DMart :
Revenue stands at 5218.2 cr vs 5949 cr, down 12.3%
PAT is at 210.6 cr vs 330.9 cr, down 36.4%
EBITDA is at 324.9 cr vs 515.3 cr, down 58.6%
Margins are currently at 6.2% vs 8.7%