Powerhouse Q1 performance: large-cap company delivers stellar results; do you own a piece?
revenue surges 18 per cent, from corresponding period in the previous year.
On July 04, 2023, the shares Avenue Supermarts Limited displayed a modest increase of 0.54 per cent, the shares are currently trading in green at Rs 3886.35 per share on BSE.
Avenue Supermarts primarily operates in the organized retail sector, focusing on supermarket operations under the well-known brand name of D-Mart.
The company revealed its business update for the first quarter of the financial year 2023-24 (April-June 2023). During this period, the company reported a notable increase in standalone revenue from operations, reaching Rs 11,584.44 crore. This impressive growth marked an 18 per cent surge compared to the corresponding period in the previous year.
During the first quarter of the financial year 2022-23 (Q1 FY22), the company disclosed a standalone revenue of Rs 9,806.89 crore. Looking back at the preceding years, the company's standalone revenue for Q1 FY21 amounted to Rs 5,031.75 crore, while for Q1 FY20, it reached Rs 3,833.23 crore.
Avenue Supermarts informed that the total count of D-Mart stores as of June 30th amounted to 327. As the company unveiled its business update for the first quarter, the awaited financial results for the period of April-June 2023 are still pending release.
Over the past five years, the company has achieved an impressive compound annual growth rate (CAGR) of 24.6 per cent in terms of profit, indicating a strong and consistent upward trajectory.
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In the past year, the shares have provided a return of over 11 per cent, while over the course of the last three years, the returns of over 68 per cent. Investors to keep close eye on this trending stock.