Changes for page Avenue Supermarts Ltd
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... ... @@ -2,88 +2,31 @@ 2 2 {{toc/}} 3 3 {{/box}} 4 4 5 -= Overview=5 += Paragraph 1 = 6 6 7 - The supermarket chain ofDMartstoresisownedandoperatedbyAvenueSupermartsLtd.(NSE:DMART).The companyhasitsheadquarters inMumbai.7 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 8 8 9 - DMartis a one-stop supermarket chain that aims to offer customers a wide range ofbasic home andpersonal products under one roof. Each DMart store stocks home utility products - includingfood, toiletries, beautyproducts, garments, kitchenware,bed and bath linen, home appliances and more - available at competitive prices that its customers appreciate. The company's core objective is to offer customers good products at great value.{{footnote}}https://www.dmartindia.com/about-us{{/footnote}}9 +== Sub-paragraph == 10 10 11 - DMartwasstartedby Mr.RadhakishanDamaniandhisfamilytoaddress thegrowingneedsftheIndianfamily. Fromthelaunchof its firststoreinPowaiin 2002, DMarttodayhasawell-establishedpresencein 216 locationsacrossMaharashtra,Gujarat,AndhraPradesh,MadhyaPradesh,Karnataka,Telangana,Chhattisgarh,NCR, TamilNadu, PunjabandRajasthan.Withitsmissiontobe thelowestpriced retailer inheregions the companyoperate,itsbusiness continuestogrow withnewlocationsplannedinmorecities.11 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 12 12 13 -= Industry Overview=13 +== Sub-paragraph == 14 14 15 - Over theyears,retailing inIndia hasbeenoneofthestdynamic and fast-pacedndustries,whichhas travelledthroughdifferentphases. In2019, India‘sGDPisestimatedat `141 trillion, of whichprivateconsumptionconstituted57%. Retailsectorsformsaround~~80%of private consumptionatconstantprices.India‘sGDP growthwill thereforetranslate toanincrease in themerchandiseretailarket,from `34 trillioninFiscal2014to`66trillioninFiscal 2020.{{footnote}}https://api.dmartindia.com/corporate/content/file/v1/clW2bTVf5wyM4s2CKyU2KLRf/Annual%20Report%202019%20-20%20and%20AGM%20Notice{{/footnote}}15 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 16 16 17 - Sectorgrowth is primarily driven by rapidurbanisation, changing demographic profile, increasing middle-class disposableincomes, increased digitalisation and technology adoption, evolving preferences, brand awarenessand risingdiscretionary spending. Therising e-commerce wave also significantly contributed to the overall growth of the sector.17 +=== Sub-sub paragraph === 18 18 19 - OrganisedBrick& Mortarretailaccountedfor~~7.5%oftotalretailrket inFiscal2019.Overall,organisedretailgrew~~21%on-year inFiscal2019,withB&Mretailersregisteringgrowthof~~18%on-year.19 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 20 20 21 -The current pandemic could significantly alter new store roll out strategy for the industry. Several retail businesses are witnessing extended store closures, lower footfalls and lean demand. Consumers are also focused more on consumption of essentials. Industry growth for the next few years will therefore depend on the severity of the pandemic in the country. 22 22 23 - E-Commercehas always been a focus areain the industry. The COVID-19 situation has further amplified thegrowing importance of this channel. Online grocery is still a relatively under-penetrated segment withinE-retail,but has gained significant attention in the last few months as consumers have rapidly adopted online ordering of household grocery and other items. Apart from this, e-retailers continue to focus on existing business segments, such as electronics, apparel and fashion.22 += Paragraph 2 = 24 24 25 - Overall, theretailsectorfaceskey threatsintheformofeconomicheadwindssuch as GDP slowdowndueo COVID-19,decreasedruralspending and rising commodityprices as well as e-tailing,whichhaveaffectedthe growthofthebrickand mortarbusinesses.Unexpectedyet unavoidablesituationssuchasthe recent pandemichavealsoimpactedtheperformanceofthe retail industry,as peopleremainindoorsandmostly consume essentialgoods and services.Organisationsserving inthe industry,thuswillneedtoremainagile anddaptable,to identifythesethreatsandwork towardstheireffective mitigation.24 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 26 26 27 -= Business Overview=26 +== Sub-paragraph == 28 28 29 - AvenueSupermartsLimited(DMart)isaonalsupermarket chain,withafocusonvalue-retailing.Thecompanyofferawiderangeof productswithafocusonthe Foods,Non-Foods(FMCG) andGeneralMerchandise&Apparelproductcategories.28 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 30 30 31 - Thecompany launched its first store in 2002 in Mumbai, Maharashtra, and since then havegrown to 214 stores witharetail business area of 7.8 million sq. ft. spread across Maharashtra(76 stores), Gujarat (37), Telangana (24), Karnataka (20), Andhra Pradesh (17), Madhya Pradesh (11), Tamil Nadu (10), Rajasthan (7), Chhattisgarh (5), Punjab (5), Daman (1), and NCR (1).30 +== Sub-paragraph == 32 32 33 -The company remain focussed on its strategy of offering its customers good quality products at great value, based on the Everyday Low Cost/Everyday Low Price (EDLC/EDLP) principle. 34 - 35 -The company's store offerings provide its customers with a distinctive shopping experience, comprising of a wide range of everyday value retail products sold in a modern ambience and with the feel of a large retail mall. The company believe its endeavor to facilitate one-stop shop convenience for its customers’ everyday shopping needs, along with its competitive pricing due to its local market knowledge, careful product assortment and supply chain efficiencies, has helped it achieve steady growth. 36 - 37 -Over the years DMART has seen steady growth in the number of stores and consequently its retail business area. 38 - 39 -(% style="width:519px" %) 40 -|(% style="width:164px" %)**Financial Year**|(% style="width:109px" %)**No. of Stores**|(% style="width:243px" %)**Retail business area (in Mn sq. ft.)** 41 -|(% style="width:164px" %)FY 2019-20|(% style="width:109px" %)214|(% style="width:243px" %)7.8 42 -|(% style="width:164px" %)FY 2018-19|(% style="width:109px" %)176|(% style="width:243px" %)5.9 43 -|(% style="width:164px" %)FY 2017-18|(% style="width:109px" %)155|(% style="width:243px" %)4.9 44 -|(% style="width:164px" %)FY 2016-17|(% style="width:109px" %)131|(% style="width:243px" %)4.1 45 -|(% style="width:164px" %)FY 2015-16|(% style="width:109px" %)110|(% style="width:243px" %)3.3 46 - 47 -The company's operations are ably supported by a network of distribution centres and packing centres. As of March 31, 2020 the company had 36 distribution centres and 7 packing centres. 48 - 49 -The company's total number of bill cuts have increased steadily. The company's total number of bill cuts was Rs 20.1 crores in FY2019-20 compared to Rs 17.2 crores during FY2018-19. 50 - 51 -The company's annualised revenue from sales per retail business area sq. ft. (#) was Rs 32,879 in FY2019-20 and Rs 35,647 in FY2018-19. 52 - 53 -= Financial Highlights = 54 - 55 -On standalone basis, the total income for FY 2020 was Rs 24,738.34 crore, which is 23.89 % higher over the previous year’s income of Rs 19,967.66 crore. The company's total income on consolidated basis for FY 2020 was Rs 24,930.19 crore as against Rs 20,052.87 crore during FY 2019. 56 - 57 -On standalone basis, the net profit after tax (PAT) for FY 2020 stood at Rs 1,349.89 crore as against previous year’s net profit of Rs 936.35 crore thereby recording a growth of 44.17%. The company's net profit after tax (PAT) on consolidated basis for FY 2020 amounted for Rs 1,300.98 crore as compared to Rs 902.46 crore in the previous year. 58 - 59 -= Recent developments = 60 - 61 -October 17, 2020: Avenue Supermarts Ltd. (ASL), declared its financial results for the quarter and half year ended September 30, 2020.{{footnote}}https://api.dmartindia.com/corporate/content/file/v1/4EPmqVJMZpg4xIm9M4ZswmFe/ASL%20-%20Financial%20Results%20for%20the%20Q2%20(FY%2021){{/footnote}} 62 - 63 -Total Revenue for the quarter ended September 30, 2020 stood at Rs. 5,306 crore, as compared to Rs. 5,991 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2FY21 stood at Rs. 330 crore, as compared to Rs. 517 crore in the corresponding quarter of last year. EBITDA margin stood at 6.2% in Q2FY21 as compared to 8.6% in Q2FY20. 64 - 65 -Net Profit stood at Rs. 199 crore for Q2 FY21, as compared to Rs. 323 crore in the corresponding quarter of last year. PAT margin stood at 3.7% in Q2FY21 as compared to 5.4% in Q2FY20 66 - 67 -Basic Earnings per share (EPS) for Q2FY21 stood at Rs. 3.07, as compared with Rs. 5.17 for Q2FY20. 68 - 69 -Total Revenue for H1FY21 stood at Rs. 9,189 crore, as compared to Rs. 11,805 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in H1FY21 stood at Rs. 441 crore, as compared to Rs. 1,114 crore during H1FY20. EBITDA margin stood at 4.8% in Q2FY21 as compared to 9.4% in Q2FY20. 70 - 71 -Net Profit stood at Rs. 239 crore for H1FY21, as compared to Rs. 646 crore in H1FY20. PAT margin stood at 2.6% in Q2FY21 as compared to 5.5% in Q2FY20. 72 - 73 -Basic Earnings per share (EPS) for H1FY21 stood at Rs. 3.68, as compared with Rs. 10.35 for H1FY20. 74 - 75 -**DMart (Brick and Mortar) Business Overview** 76 - 77 -Lockdown restrictions due to Covid-19 were further eased during this quarter. Within the continued uncertainty from Covid-19, its business has seen improvement and it continues to gradually progress towards prepandemic levels. Month-on-Month sales have improved during this quarter – August was better than July and September was better than August. The highlight being that footfalls continue to be significantly lower than preCovid levels but basket values are significantly higher than pre-Covid levels. Both these data points are trending towards pre-Covid levels. Footfalls are getting better and basket values are reducing month over month. 78 - 79 -Two years and older DMart stores did 87.5% of September 2019 sales in the month of September 2020. DMART has a total of 158 stores which are 2 years or older. Since August, most of its stores are operating at pre-Covid operating hours and some stores are operating longer hours than before Covid-19. Longer hours are to improve social distancing and giving more options to its shoppers. 80 - 81 -FMCG and staples demand remains robust. September 2020 sales of all stores exceeded September 2019 sales for FMCG and Staples while General Merchandise and Garments did lesser sales in the same period. However, discretionary consumption has seen significant improvement over Q1FY21. DMART was at 22.7% revenue contribution from General Merchandise and Apparel business in Q2FY21 as compared to the usual 27.3% contribution for the year. The company couldn’t sell this category of products for nearly 2 months of Q1FY21 due to regulatory restrictions and once permitted the company did insignificant sales due to tightening of discretionary spend by consumers. Almost all of the shopping in Q1FY21 was need based and essential in nature. In light of that, Q2FY21 sales contribution from General Merchandise and Apparel is encouraging. 82 - 83 -**New Stores Opening** 84 - 85 -The company continue to focus on new store openings and have opened six new DMart stores during the quarter. DMART has closed two of its Mumbai stores for customers and converted them into fulfillment centers (FC) for its ECommerce business. One each in Mira Road and Kalyan. Both these locations have an alternate DMart store within 4 kms. 86 - 87 -= References = 88 - 89 -{{putFootnotes/}} 32 +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.