Avenue Supermarts' Total Revenue Up by 17.9 pc at Rs 7,303 cr in Q4FY21

Avenue Supermarts Ltd. (ASL), one of the largest food and grocery retailers in India, has declared its standalone and consolidated financial results for the quarter and year ended March 31, 2021.

Total revenue for the quarter ended March 31, 2021, stood at Rs 7,303 crore, as compared to Rs 6,194 crore in the same period last year. Earnings before Interest, Tax, Depreciation, and Amortization (EBITDA) in Q4FY21 stood at Rs 617 crore, as compared to Rs 418 crore in the corresponding quarter of last year. EBITDA margin stood at 8.4 percent in Q4FY21 as compared to 6.7 percent in Q4FY20.

Net profit stood at Rs 435 crore for Q4FY21, as compared to Rs 287 crore in the corresponding quarter of last year. PAT margin stood at 5.9 percent in Q4FY21 as compared to 4.6 percent in Q4FY20.

Basic earnings per share (EPS) for Q4FY21 stood at Rs 6.71, as compared to Rs 4.49 for Q4FY20.

Total Revenue for FY21 stood at Rs 23,787 crore, as compared to Rs 24,675 crore in the same period last year. Earnings before Interest, Tax, Depreciation, and Amortization (EBITDA) in FY21 stood at Rs 1,742 crore, as compared to Rs 2,122 crore during FY20. EBITDA margin stood at 7.3 percent in FY21 as compared to 8.6 percent in FY20.

Net Profit stood at Rs 1,165 crore for FY21, as compared to Rs 1,350 crore in FY20. PAT margin stood at 4.9 percent in FY21 as compared to 5.5 percent in FY20.

Basic earnings per share (EPS) for FY21 stood at Rs 17.99, as compared to Rs 21.49 for FY20.

Total revenue for the quarter ended March 31, 2021, stood at Rs 7,412 crore, as compared to Rs 6,256 crore in the same period last year. Earnings before Interest, Tax, Depreciation, and Amortization (EBITDA) in Q4FY21 stood at Rs 613 crore, as compared to Rs 417 crore in the corresponding quarter of last year. EBITDA margin stood at 8.3 percent in Q4FY21 as compared to 6.7 percent in Q4FY20.

Net profit stood at Rs 414 crore for Q4FY21, as compared to Rs 271 crore in the corresponding quarter of last year. PAT margin stood at 5.5 percent in Q4FY21 as compared to 4.3 percent in Q4FY20.

Basic earnings per share (EPS) for Q4FY21 stood at Rs 6.39, as compared to Rs 4.25 for Q4FY20.

Total revenue for FY21 stood at Rs 24,143 crore, as compared to Rs 24,870 crore in the same period last year. Earnings before Interest, Tax, Depreciation, and Amortization (EBITDA) in FY21 stood at Rs 1,743 crore, as compared to Rs 2,128 crore during FY20. EBITDA margin stood at 7.2 percent in FY21 as compared to 8.6 percent in FY20.

Net Profit stood at Rs 1,099 crore for FY21, as compared to Rs 1,301 crore in FY20. PAT margin stood at 4.5 percent in FY21 as compared to 5.2 percent in FY20.

Basic Earnings per share (EPS) for FY21 stood at Rs 16.97 as compared to Rs 20.71 for FY20.

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

Commenting on the performance of the company, Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said, "FY 2021 has been a challenging year for our business. The year began amidst a strict lockdown post the emergence of the Coronavirus (Covid-19) towards the end of the last financial year. The economy gradually opened post-May 2020 and the second half of the year was progressing towards recovery. However, a much stronger second wave of Covid-19 infections hit the country towards the end of FY 2021 and has once again resulted in significant disruption to our business as several cities and towns have announced restrictions."