Avenue Supermarts , the parent company of the popular D-Mart retail chain, has announced its standalone revenue for the fourth quarter of the fiscal year 2024-25, showcasing growth and expansion, but facing some investor disappointment.

Q4 Revenue Highlights

Avenue Supermarts reported a standalone revenue of ₹14,462.40 crore for the quarter ended March 31, 2025. This represents a significant increase of 16.60% compared to the same quarter in the previous fiscal year, which stood at ₹12,393.46 crore.

Store Expansion and Sales Growth

The company added 28 new stores during the quarter, bringing its total store count to 415 across India. This expansion in the store network has contributed to the company's revenue growth. However, the implied same-store sales growth was only 3.00%, which fell short of investor expectations.

Stock Performance and Analyst Reactions

Following the revenue update, Avenue Supermarts' stock fell over 5.00%, reflecting investor disappointment with the same-store sales growth figures. Analysts from major financial institutions have maintained cautious stances on the stock:

• Citi has maintained a 'Sell' rating
• Morgan Stanley has kept an 'Underweight' rating

Year-over-Year Performance

The company's financial update provides insight into its growth over the past few years:

The table illustrates Avenue Supermarts' revenue growth trajectory over the past four fiscal years, showing a slight deceleration in the growth rate.

Additional Information

The company noted that the reported standalone revenue figures are subject to audit by their statutory auditors. Investors and stakeholders can access more detailed information on the company's website under the Investor Relations section.

Conclusion

While Avenue Supermarts continues to show revenue growth and expand its store network, the lower-than-expected same-store sales growth has raised concerns among investors. The company faces the challenge of maintaining robust growth rates as it scales up operations. The market reaction and analyst ratings suggest a cautious outlook for the stock in the near term.

Avenue Supermarts , the parent company of the popular D-Mart retail chain, has announced its standalone revenue for the fourth quarter of the financial year 2022-23, showcasing strong growth in its operations and a significant expansion of its store network.

Q4 Revenue Highlights

The company reported a standalone revenue from operations of ₹14,462.00 crore for the quarter ended March 31, 2023. This represents a significant increase of 17.00% compared to the same quarter in the previous year, which stood at ₹12,393.46 crore.

Store Expansion

Avenue Supermarts added 28 new DMart stores in Q4 FY2023, marking the highest quarterly addition in four years. This aggressive expansion strategy has brought the total store count to 415 across India. Notably, 17 of these new stores were opened in various states between March 21-31, 2023, indicating a rapid acceleration in the company's growth plans.

Year-on-Year Comparison

Avenue Supermarts has demonstrated consistent growth over the past few years, as evident from the following year-on-year revenue comparison:

Expansion Strategy

The company's aggressive store expansion, particularly the addition of 28 stores in Q4, has likely contributed significantly to its revenue growth. This expansion strategy demonstrates Avenue Supermarts' commitment to increasing its market presence and catering to a wider customer base across India.

Financial Reporting Compliance

While specific details about the audit status of the reported figures were not provided, it's standard practice for such financial results to be subject to audit by statutory auditors. Avenue Supermarts typically maintains a commitment to transparency and compliance with financial reporting standards.

Conclusion

Avenue Supermarts' strong Q4 performance, marked by a 17.00% revenue growth and record store expansion, reflects the company's resilience and aggressive growth strategy in the competitive retail sector. The consistent year-on-year revenue increase, coupled with the rapid expansion of its store network, suggests effective execution of its business strategies and continued consumer preference for the D-Mart retail format. As the company continues to expand its footprint across India, it is well-positioned for further growth in the coming years.