Dmart Share Price: Avenue Supermarts Share Price Surges 15% After Q3 FY25 Update, Revenue Up 17.49% YoY

Shares of Avenue Supermarts Ltd, the parent company of DMart, surged 15% on January 3, 2025, reaching ₹4,152.75 on the NSE. The rise follows the company’s strong business update for the December quarter (Q3 FY25).

Q3 FY25 Highlights

1. Revenue Growth: Standalone revenue from operations for the quarter ending December 31, 2024, stood at ₹15,565.23 crore, marking a 17.49% year-on-year (YoY) increase compared to ₹11,304.58 crore in the same period last year.
2. Store Expansion: The total number of DMart stores reached 387 as of December 31, 2024, with the addition of 10 new stores during the quarter.
3. Statutory Review Pending: The revenue figures for the quarter are subject to limited review by the company’s statutory auditors.

Performance Comparison

• Q3 FY25 Revenue: ₹15,565.23 crore
• Q3 FY24 Revenue: ₹11,304.58 crore
  This impressive growth underscores DMart’s continued expansion and increasing consumer demand.

Recent Financial Performance (Q2 FY25)

Key Metrics

• Consolidated Net Profit: ₹659.44 crore, a 5.78% YoY increase from ₹623.35 crore in Q2 FY24.
• Revenue from Operations: ₹14,444.50 crore, up 14.41% YoY compared to ₹12,624.37 crore in the same quarter last year.
• Total Expenses: ₹13,574.83 crore, reflecting a 14.94% increase YoY.
• Total Income: ₹14,478.02 crore, up 14.34% YoY.

Store Growth:

• DMart opened six new stores in Q2 FY25, bringing the total to 377 stores as of September 30, 2024.

CEO’s Statement:

Neville Noronha, CEO & MD of Avenue Supermarts, highlighted the like-for-like revenue growth:

• H1 FY25: 7.4% for stores older than two years.
• Q2 FY25: 5.5% for the same cohort of stores.

Stock Performance

Despite the recent surge, Avenue Supermarts shares have declined by 8% over the past 12 months, reflecting investor caution amid broader market conditions.

About DMart

Promoted by Radhakishan Damani and family, DMart is a leading supermarket chain that sells essential home and personal products. The company operates across key states, including Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Tamil Nadu, and Rajasthan.

Outlook

The robust Q3 performance, fueled by revenue growth and store expansions, positions Avenue Supermarts for sustained momentum in FY25. However, the stock’s long-term trajectory will depend on its ability to maintain growth amid increasing operational costs and competitive market dynamics.