• Indian Indices
  • Global Indices
  • Commodities
  • Currency
Sensex
  • Sensex
  • Nifty
{{x.close_price| number:2}} {{x.netchg| number:2}} ({{x.perchg | number:2}}%)
Open - {{x.open | number:2}}
Prev Close - {{x.prevclose|number:2}}
Today's High - {{x.high|number:2}}
Today's Low - {{x.low|number:2}}
Advances/Declines (30 Companies)
  • 1D
  • 1W
  • 1M
  • 1Yr
  • 5Yr
{{x.upd_time}}
FTSE 100
  • FTSE 100
  • DJIA
  • NIKKEI 225
  • HANG SENG
{{x.Date}}
{{x.close| number:2}} {{x.Chg | number:2}} ({{x.PChg | number:2}}%)
Open - {{x.close | number:2}}
Prev Close - {{x.PrevClose|number:2}}
Gold
  • Gold
  • Silver
  • Crude Oil
  • Copper
{{x.Trd_Date}} ( {{x.Time}} )
{{x.ClosePrice| number:2}} {{x.change| number:2}} ({{x.perchange | number:2}}%)
Exchange - MCX
Open - {{x.Open|number:2}}
Exp Date - {{x.Exp_Date}}
Today's High - {{x.High|number:2}}
Prev. Close - {{x.PrevClose|number:2}}
Today's Low - {{x.Low|number:2}}
USDINR
  • USDINR
  • GBPINR
  • EURINR
  • JPYINR
{{x.Lasttrdtime}} ( {{x.Time}} )
{{x.ltp| number:2}} {{x.PriceDiff| number:2}} ({{x.PerChange | number:2}}%)
Exchange - NSE
Open - {{x.Open|number:2}}
Exp Date - {{x.Expirydate}}
Today's High - {{x.High|number:2}}
Prev. Close - {{x.PrevPrice|number:2}}
Today's Low - {{x.Low|number:2}}
As On 27-May-2020 EOD, Market Closed
SENSEX
31,605.22
995.92 (3.25%)
NIFTY
9,314.95
285.90 (3.17%)
    No Companies Visited

Back to news list
  • Avenue Supermarts Q4 PAT jumps 42% to Rs 271 cr

    Avenue Supermarts' consolidated net profit jumped 41.61% to Rs 271 crore on 23.6% increase in to Rs 6,256 crore in Q4 March 2020 over Q4 March 2019.

    Consolidated EBITDA rose 12.1% to Rs 417 crore in Q4 FY20 from Rs 372 crore in Q4 FY19. EBITDA margin stood at 6.7% in Q4 March 2020, lower than 7.4% in Q4 March 2019.

    Net profit jumped 44.16% to Rs 1,301.08 crore on 24.32% rise in net sales to Rs 24,870.20 crore in the year ended March 2020 (FY20) over the year ended March 2019 (FY19). EBITDA in FY20 stood at Rs 2,128 crore, up 30.31% compared with Rs 1,633 crore during FY19. EBITDA margin improved from 8.2% in FY19 to 8.6% in FY20.

    The company said its overall revenue during the month of March 2020 grew by just 11% over March 2019 due to the lockdown effect of the last 9 days of March this year. The trend rapidly deteriorated in April during which more than half of its stores remaining closed for operations or operating for extremely restricted hours.

    "Our revenue for April was down by more than 45% as compared to April 2019. Our margins have also seen erosion as regulations did not permit us to sell any apparel and general merchandise products," the company said in the release.

    "Significantly large EBITDA declines are to be expected due to lower sales, lower gross margins, higher cost of operations on account of hardship allowance to front line staff during lockdown and higher personal hygiene/store sanitation costs," it added.

    Post certain relaxations, the month of May has seen some improvement. The company was able to open and operate more stores as compared to April 2020. Those relaxations helped the first 14 days' revenue of May 2020 to increase by 17% over the first 14 days of April 2020. Supply chain has seen significant improvement as manufacturers also resumed operations and the transport of goods was allowed by all local authorities.

    "Initial trends indicate that non-essential sales are more need based and currently do not have a discretionary element to it. This indicates that discretionary sales may take good time to recover to pre-COVID times", the company said. "Some of our stores which are functioning on a 24-hour basis for a very long time now have seen revenue trending closer to pre-Covid-19 levels despite not selling non-essentials and having restricted footfalls. We are not sure if this would replicate in all cities, nonetheless it is an encouraging sign in an otherwise uncertain near term outlook," it added.

    "The challenges are likely to continue in the current financial year as the economy gradually opens after the lockdown. Social distancing practices and changing consumer preferences are two key trends that we need to be watching carefully. Inventory write-offs due to shelf life aging and obsolescence doesn't seem to be a significant issue of worry yet, however it could become a meaningful problem if the lock down measures continue to be as stringent as before and for a further period exceeding 40-50 days from now. Our new store openings will be impacted as construction activity will commence with some lag due to availability of labour & material and the onset of monsoon from mid-June onwards in most parts of the country.

    The full extent to which the pandemic will impact our future financial results will depend upon upcoming developments, which are highly uncertain including any new information concerning the severity of the pandemic and the action to mitigate its spread as advised by local authorities," it concluded.

    Commenting on the performance of the company Neville Noronha, CEO & managing director, Avenue Supermarts, said: "Overall, FY 2020 saw a healthy 24% revenue growth while PAT margins were in line with expectations. Our (Like for Like) LFL growth for FY2020 was 10.9%. Two reasons for this. One is that stores that are more than 5 years old grew at a rate lower than the previous year and most of the stores that are younger are peaking faster, even before they qualify for the 24 months LFL measurement. We opened a record 38 new stores, 6-8 of those stores should have actually opened last year. We also completed a successful equity fund raise to make our balance sheet stronger, resilient and also help augment our future growth."

    Avenue Supermarts owns and operates D-Mart stores, which is a national supermarket chain. The company offers a wide range of products with a focus on foods, non-foods (FMCG) and general merchandise & apparel product categories.

    Back to news list
Hot Pursuit News

Quick Links

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Capital Market Publishers India Pvt. Ltd.

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071.
91-22-25229720
91-22-25230011
Kindly note www.capitalmarket.com does not send any mobile SMS, whatsapp or twitter messages
giving any kind of stock recommendations.
For Capital Market Magazine Print Edition queries mail to : subscription@capitalmarket.com
For Capital Market Online Products related queries mail to : financeshop@capitalmarket.com
For any other Capital Market Website related Queries mail to : info@capitalmarket.com
To advertise on Capital Market Websites & Capital Market Fortnightly magazine mail to : advt@capitalmarket.com
Flash News 27-May-2020
  •  ( 17:57) India VIX declines for sixth day  
  •  ( 17:38) Sun Pharma Q4 PAT down 37% to Rs 399.84 cr  
  •  ( 16:55) Dabur India consol. Q4 PAT down 24.19% Y-o-Y to Rs 281.60 cr.  
  •  ( 15:30) Coromandel Intl. consol. Q4 PAT up 112.2% Y-o-Y to Rs 234.20 cr.  
  •  ( 13:56) European market open in greens  
  •  ( 13:55) Indices continue to trade at a day's high  
  •  ( 13:14) Deepak Nitrite's Q4 PAT spurts 88% to Rs 172 cr  
  •  ( 13:13) Blue Dart reports a consolidated net loss of Rs 30.57 crore in Q4 2020  
  •  ( 13:12) Relaxo Footwears declines as lockdown impacts overall demand  
  •  ( 12:54) Positive market breadth  
  •  ( 12:51) Nifty crosses 9,100 mark  
  •  ( 11:51) VIP Indus. consol. Q4 FY20 PAT down 62.3% Y-o-Y to Rs 9.52 cr.  
  •  ( 11:30) Metal shares extend gains for second day  
  •  ( 11:28) Sensex, Nifty hit fresh intraday high  
  •  ( 11:14) Titan says COVID-19 pandemic pose challenges to all its businesses.  
  •  ( 10:36) Auto shares skid amid profit booking  
  •  ( 10:35) Shares come off the day's low  
  •  ( 10:05) Torrent Pharma. consol. Q4 March 2020 PAT at Rs 314 cr.  
  •  ( 09:28) Positive market breadth  
  •  ( 09:21) Stocks nudge higher in early trade  
Show News
27 May 2020 00:00
1619.75
(-0.66 %)
387.35
(13.46 %)
2577.25
(0.51 %)
1936.85
(5.84 %)
563.00
(0.69 %)
1571.25
(4.60 %)
531.25
(1.38 %)
903.80
(5.91 %)
2174.25
(2.90 %)
1997.50
(1.01 %)
318.80
(8.97 %)
368.55
(5.84 %)
705.30
(3.70 %)
192.15
(0.34 %)
1216.75
(5.58 %)
850.55
(3.00 %)
432.40
(0.73 %)
5241.45
(-0.10 %)
16735.40
(0.32 %)
94.80
(1.88 %)
77.90
(1.23 %)
157.20
(-0.13 %)
1446.95
(1.63 %)
158.60
(4.76 %)
450.55
(-1.85 %)
287.95
(2.66 %)
2005.10
(3.18 %)
523.50
(0.67 %)
886.85
(-0.71 %)
3729.80
(-1.43 %)
Sensex 5min and Nifty 15min delayed as on .
Show Ticker
Rotate your device

Rotate your device

For the best experience please go back to portrait mode.