Nuclia Waste

Main Menu

  • Home
  • Gross Margin
  • Forex Rates
  • Liquidity ratios
  • Waiver
  • Capital

Nuclia Waste

Nuclia Waste

  • Home
  • Gross Margin
  • Forex Rates
  • Liquidity ratios
  • Waiver
  • Capital
Gross Margin
Home›Gross Margin›Avenue Supermarts share price: Avenue Supermarts slumps after overall decline in gross margins in the third quarter

Avenue Supermarts share price: Avenue Supermarts slumps after overall decline in gross margins in the third quarter

By Ricky Bagby
January 10, 2022
30
0
NEW DELHI – Shares of, owner and operator of retail chain DMart, fell nearly 2% at the start of trading on Monday as investors failed to applaud the company’s earnings for the October-December quarter .

Avenue Supermarts on Saturday announced a 23.62% increase in its consolidated net profit to Rs 552.53 crore for the third quarter ended December 31. The company posted a net profit of Rs 446.95 crore in the same quarter a year ago.

Overall gross margins, however, were lower due to the deterioration in the sales mix, senior management said, adding that the general merchandise and apparel business consistently saw a relatively smaller contribution to sales while core and core products. consumer goods were doing better.



The company’s meter fell to a low of Rs 4,658.80 against Rs 4,731.35 at the previous close on the National Stock Exchange.

“Inflation and fewer exit opportunities have a negative impact on some categories more than others. We see higher inflation as an opportunity to make our purchasing more efficient, our assortment sharper and to continue to keep our costs down. low, ”CEO and CEO Neville Noronha said. cited as saying in reports.

“Given the current wave of Covid, our sales and footfall will depend on local regulations. We continue to take every precaution to ensure that every buyer, employee and partner operates in a safe environment. ”

Total consolidated revenue for the quarter increased 22.22% year-on-year to Rs 9,218 crore from Rs 7,542 crore in the quarter last year.

The PAT margin for the quarter improved to 6%, up 10 basis points from 5.9% in the same quarter last year, the company said on Saturday in a BSE filing .

Related posts:

  1. Catchment Basin Market Dimension 2027
  2. Compass is funded as a know-how firm. Is it a, although? – Information Crunchbase
  3. Industrial Good Motors Market analysis report with Income, Gross Margin, Market Share and Future Prospect to 2026 with Aggressive Evaluation on (Rockwell Automation, Moog Animatics, Siemens, Robotshop, Common Electrical and others)
  4. Module Connector Market Measurement 2025
Previous Article

Steelers drop former Alabama defensive lineman

Next Article

American Arabs and the Visa Waiver Program ...

Recent Posts

  • Dave Ramsey says debt consolidation solves nothing. Is he right ?
  • RBC BEARINGS INC – 10-K/Y OF OPERATIONS
  • Weakening USD Forex Market Regains Ground
  • (( 2022 )) Wyndham Championship: Live Now, Golf Line Today at TANTARA in San Francisco – August 4, 2022
  • Gold Dollar Holds Steady Ahead of ISM Services PMI as Yields Rise

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • March 2021
  • February 2021

Categories

  • Capital
  • Forex Rates
  • Gross Margin
  • Liquidity ratios
  • Waiver
  • TERMS AND CONDITIONS
  • PRIVACY AND POLICY