DMart share price falls 3.5% on quarterly profit miss, margin drop

Reuters Updated - May 15, 2023 at 10:30 AM.

DMart’s EBITDA margin fell to 7.3% in Q4 FY23

Shares of Avenue Supermarts Ltd, which operates the DMart retail chain, fell 3.5 per cent on Monday after the company's fourth-quarter profit missed estimates and core profit margin contracted.

Earnings before interest, taxes, depreciation and amortization (EBITDA) margin fell to 7.3 per cent in the reported quarter from 8.4 per cent in the year-ago period, the company said on Saturday.

DMart's profit rose nearly 8 per cent to ₹460 crore year-on-year, but missed analysts' estimate of ₹521 crore, according to Refinitiv IBES data.

Published on May 15, 2023 05:00
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