DMart’s March Quarter Profit Down by 2.19%

Avenue Supermarts’ (DMart) consolidated net profit in the March quarter came down year-on-year (y-o-y) by 2.19% to Rs 550.90 crore. Its revenue in the quarter increased y-o-y by 16.86% to Rs 14,871.86 crore.

On yearly basis, the company’s consolidated profit in FY 25 increased y-o-y by 6.78% to Rs 2,708.02 crore. Its revenue in the year increased y-o-y by 16.87% to Rs 59,358.05 crore. The company opened 50 new stores in the year.

Gross Profit Margin Took Some Hit

The company has said that its gross margins took some hit in the quarter because of increased wages for entry level positions due to demand supply mismatch of skilled workers. It also attributed increased competition in FMCG space for some adverse impact on its gross profit margin. The company also increased investments in improving its customer service and turnaround time. It closed several of its Pickup points in the quarter. It is replacing its Pickup points with increased home delivery.

Avenue Supermarts runs a chain of discount supermarkets. At 11 a.m. on 5th May, 2025 its stock price is down by 2.98% to Rs 3,939.70. 52-week high price of the stock currently is Rs 5,484.85. At this time, Nifty 50 index is up by 0.50% in the day.