Avenue Supermarts Limited (ASL), one of the largest food & grocery retailers in India, today declared its financial results for the quarter and nine months ended December 31, 2018.

Total Revenue for the quarter ended December 31, 2018 stood at Rs. 5,451 crores, as compared to Rs. 4,094 crores in the same period last year, reflecting a growth of 33.2% 

ASL’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q3FY19 stood at Rs. 453 crores, up by 7.5%. The company’s EBITDA margin is at 8.3% in Q3FY19 as compared to 10.3% in Q3FY18. 

Net Profit is at Rs. 257 crores for Q3FY19, as compared to Rs. 252 crores in the same period last year. PAT margin is at 4.7% in Q3FY19 as compared to 6.1% in Q3FY18.

Basic Earnings per share (EPS) for Q3FY19 stood at Rs. 4.12 , as compared with Rs. 4.03 for Q3FY18.

Total Revenue for 9MFY19 stood at Rs. 14,883 crores, as compared to Rs. 11,199 crores during 9MFY18, a growth of 32.9%. EBITDA in 9MFY19 stood at Rs. 1,266 crores, up by 21.4%. EBITDA margin is at 8.5% in 9MFY19 as compared to 9.3% in 9MFY18.

Net Profit is at Rs. 733 crores for 9MFY19, as compared to Rs. 618 crores in 9MFY18. PAT margin is at 4.9% in 9MFY19 as compared to 5.5% n 9MFY18.

For 9MFY19, Basic EPS stood at Rs. 11.75 as against Rs. 9.90 in 9MFY18.

D-Mart follows Everyday low cost - Everyday low price (EDLC-EDLP) strategy which aims at procuring goods at competitive price, using operational and distribution efficiency and thereby delivering value for money to customers by selling at competitive prices. 

Commenting on the financial performance of the company Mr. Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said, “Topline continued to grow well even though PAT growth remained flat vis a vis the corresponding quarter last year, primarily due to Gross Margin reduction on account of price cuts. We constantly strive to give better prices to consumers and our cost leadership allows us to do that. Operating costs inched upwards due to preloading of certain expenses primarily around capability building across infrastructure and people. Good times allow us to invest for the future right now. We also overspent a little to manage the festival season better through longer operating hours. We continue to operate longer hours in certain stores even after the festive period.”