Consolidated revenue from operations at Rs 13,572.47 crore too, increased by more than 17% from the year-ago period.
Earnings before interest, taxes, depreciation and amortization or EBITDA during the quarter grew by 16% YoY to Rs 1,119.89 crore. However, operating margin dipped marginally to 8.25% from 8.34% a year ago.
The total expenses during the quarter, including finance cost, was Rs 12,656.46 crore, compared to Rs 10,789 crore a year ago. Staff expenses rose to Rs 234.31 crore from Rs 192.31 crore a year ago.
As of December end, the D’Mart hypermarket chain operator had 341 stores, implying a net addition of 5 stores during the quarter.
The net store addition in the December quarter was lower than that in the September quarter, as the company had added nine stores in that period.
In the nine months ended December, the company added 17 stores, taking the total store count to 341. “Contribution from General Merchandise and Apparel has stabilised and trends are encouraging post Diwali. This time the festive season sales were lower than expected in non-FMCG,” said MD & CEO, Neville Noronha.
“Within FMCG, agri-staples (ex-edible oil) are going through significantly high inflation,” Noronha said.
More to come…
Reference :
Reference link
