{"id":1946,"date":"2023-05-15T16:56:07","date_gmt":"2023-05-15T11:26:07","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=1946"},"modified":"2023-05-15T16:56:08","modified_gmt":"2023-05-15T11:26:08","slug":"dmart-slumps-nearly-5-per-cent-on-profit-miss-margin-drop","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/dmart-slumps-nearly-5-per-cent-on-profit-miss-margin-drop\/","title":{"rendered":"DMart slumps nearly 5 per cent on profit miss, margin drop"},"content":{"rendered":"\n

DMart, which faces intense competition from Reliance Industries Ltd and is known for discounts on everything from pulses to clothes, has seen inflation-weary consumers tighten spending on non-essential purchases.<\/p>\n\n\n\n

Shares of Avenue Supermarts Ltd , which operates the DMart retail chain, fell 4.7% on Monday after the company\u2019s fourth-quarter profit missed estimates and core profit margin contracted as consumers curbed discretionary spending. DMart, which faces intense competition from Reliance Industries Ltd and is known for discounts on everything from pulses to clothes, has seen inflation-weary consumers tighten spending on non-essential purchases.<\/p>\n\n\n\n

Shares of the company slumped the most in more than a month and have dropped 9.6% so far this year, as of last close. The retailer said in a regulatory filing on Saturday its earnings before interest, taxes, depreciation and amortization (EBITDA) margin fell to 7.3% in the quarter from 8.4% in the year-ago period.<\/p>\n\n\n\n

\u201cLower consumer spending in General Merchandise and Apparel continues and has impacted the margin mix downward,\u201d CEO Neville Noronha said in a statement. DMart\u2019s General Merchandise and Apparel segment, which sells products including toys, crockery and garments, accounts for around 23% of the company\u2019s revenue.<\/p>\n\n\n\n

Stubborn inflation has delayed a complete recovery in the category from a COVID-induced downturn, analysts said. DMart\u2019s profit rose nearly 8% to 4.60 billion rupees year-on-year, but missed analysts\u2019 estimate of 5.21 billion rupees, according to Refinitiv IBES data, as expenses climbed 22% to 100.02 billion rupees. India\u2019s retail market is dominated mostly by unorganized stores, but organized retail is gaining market share and e-commerce is accelerating.<\/p>\n\n\n\n

Bernstein estimates Reliance Retail, the retail arm of Reliance, has expanded market share from 1.8% in fiscal 2018 to around 2.5%-3% in fiscal 2023, and is 2.5 times the combined size of the DMart, Titan, and Aditya Birla Fashion and Retail. DMart\u2019s revenue grew 20.6% to 105.94 billion rupees in the reported quarter.<\/p>\n\n\n\n

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DMart, which faces intense competition from Reliance Industries Ltd and is known for discounts on everything from pulses to clothes, has seen inflation-weary consumers tighten spending on non-essential purchases. Shares of Avenue Supermarts Ltd , which operates the DMart retail chain, fell 4.7% on Monday after the company\u2019s fourth-quarter profit missed estimates and core profit margin contracted as consumers curbed discretionary spending. DMart, which faces intense competition from Reliance Industries Ltd and is known for … Continue reading “DMart slumps nearly 5 per cent on profit miss, margin drop”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,210,75,158,166,311,228,227,103,254,102,224,257,298,300,101,105,301,165,327,329,76,77,78,79,247,365,308,361,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,318,8,185,316,10,17,269,148,151,146,15,331,319,16,122,144,162,23,41,25,24,27,21,194,50,312,229,226,124,33,253,126,225,119,20,258,28,297,49,127,315,121,230,295,125,115,22,113,29,328,333,317,332,334,314,52,123,131,348,366,357,309,310,359,362,354,349,351,364,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,336,242,237,51,110,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,386,233,68,193,241,335,205,261,263,209,262,337,244,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180,290],"class_list":["post-1946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-investment","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-trading-tip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