Avenue Supermarts Shares Fall 3% After Radhakishan Damani's DMart Posts Q1 Business Update
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Mint
2 days ago
- Mint
Janmashtami 2025 stock pick: Sumeet Bagadia recommends THIS Radhakishan Damani portfolio stock for 15% returns
Janmashtami 2025 stock picks: On the occasion of Janmashtami, Sumeet Bagadia, Executive Director at Choice Broking, has recommended investors to buy DMart (Avenue Supermarts). " On the daily chart, after a decline of nearly 39%, the stock has entered a wide- range consolidation phase. Recently, DMART has witnessed a strong bounce from lower levels and is now trading within a defined range while forming a Symmetrical Triangle pattern. The stock has recently taken support from its short-term and medium-term EMAs and is currently trading comfortably above all its key moving averages, suggesting underlying strength. If the stock manages to sustain above the ₹ 4,450 level, it could confirm a breakout and move higher towards the next targets of ₹ 4,750, followed by the ₹ 5,000 mark in the medium to long term. The RSI is placed at 62.92, trending upwards, indicating improving momentum in the current move. Based on this technical structure, we recommend initiating a buy position in the stock at the current market price of ₹ 4,355 and adding on dips towards ₹ 4,300. On the downside, ₹ 4,100 would act as a strong support zone, and a breach of this level could temporarily challenge the positive structure, warranting a cautious approach," Bagadia said. Avenue Supermarts, which operates the DMart retail chain, reported an almost flat net profit for the June quarter of FY26, as strong revenue growth was offset by intensifying competition and margin pressures. Net profit came in at ₹ 773 crore, a marginal 0.1 per cent decline from ₹ 774 crore in the same quarter last year. This subdued bottom-line performance was recorded despite a 16.3 per cent year-on-year jump in revenue to ₹ 16,359.7 crore from ₹ 14,069 crore in Q1FY25. On a standalone basis, net profit grew 2.1 per cent to ₹ 830 crore, with revenue climbing to ₹ 15,966.3 crore from ₹ 13,763.8 crore in the April–June quarter. Consolidated operating profit (EBITDA) increased 6.4 per cent to ₹ 1,299 crore from ₹ 1,221.2 crore a year earlier. However, the EBITDA margin narrowed to 7.94 per cent from 8.68 per cent in the corresponding period last year. "Revenue growth impact of approximately 100-150 bps was primarily due to high deflation in many staples and non-food products. Gross margins are lower as compared to the same period in the previous year, due to continued competitive intensity within the FMCG space. Operating costs are higher due to our efforts on improving service levels, capacity building and inflation at entry level wages," chief executive officer and managing director Neville Noronha said in a statement. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
News18
4 days ago
- News18
Nisus Posts Highest-Ever Q1, Reports 104 Percent Net Profit Growth
PNNMumbai (Maharashtra) [India], August 14: Nisus Finance Services Co Limited (BSE- NISUS | 544296 | INE0DQN01013) a renowned investment management firm specializing in urban infrastructure and structured finance, has published its Un-audited financial results for Q1 FY26.Q1 FY26 Key Financial Highlight-Total Income of ₹ 28.72 Cr, YoY growth of 91.49%-EBITDA of ₹ 21.69 Cr, YoY growth of 83.19%-Net Profit of ₹ 16.85 Cr, YoY growth of 103.55%-Net Profit Margin of 58.68%, YoY growth of 348 BpsStrengthening First-Mover Advantage Across MarketsNiFCO strengthened its first-mover advantage during the quarter, leveraging its position as India's first listed AIF manager with enhanced governance and market access. The RESO-1 fund maintained its focus on special situations in the real estate sector, including complex self-redevelopment projects delivering ~21% returns. Through its GIFT City structure, among the first licensed for Overseas Portfolio Investment, the company offers Indian investors compliant access to global opportunities, while its Dubai entity remains the only Indian-promoted fund to secure global lender leverage. NiFCO also advanced its early adoption of asset tokenization via a partnership with Toyow, expanding liquidity avenues and institutional investment Operational Highlights:-Strong revenue momentum in Q1 FY26, supported by higher business volumes across both India and UAE markets.-Operating costs aligned with expansion plans; ₹24 Cr deployed towards fund setup and fund-raising expenses, to be amortized over the fund's life.-Increased income from UAE operations lowered the effective tax rate, driving PAT margin to 59%.Commenting on the performance, Mr. Amit Goenka, Chairman & Managing Director of Nisus Finance Services Co Limited said: 'This has been our strongest first quarter ever with revenue growing over 91 percent year on year and profitability more than doubling. We have seen strong momentum in both India and the UAE with a good balance between our fund management and advisory businesses. Our operating costs have stayed in line with our expansion plans which has allowed us to scale efficiently. During the quarter we made significant progress investing in high potential urban redevelopment projects advancing our plans to acquire a leading construction platform and forming global partnerships in asset tokenization. These steps have strengthened our capabilities expanded our reach and reinforced the trust our stakeholders place in us. The results we have delivered this quarter are fully aligned with our growth guidance for the year and we are confident that Nisus is well on track to achieve it."
News18
5 days ago
- News18
DMart Billing: Why They Randomly Stamp Bills And Inspect Bags At The Exit
There are countless essentials and daily necessities in our lives, and for many, DMart has become an integral part of their monthly routine. Numerous households visit DMart each month to stock up on goods in bulk, often enough to last the entire month, taking advantage of generous offers. Others prefer to shop weekly or even daily, depending on their specific needs. All of this makes perfect sense, but what truly sparks curiosity is why DMart conducts random checks when stamping the bill, something rarely seen in other supermarkets. In fact, many stores don't stamp receipts at all. Some customers view the stamping process as a waste of time, particularly those in a hurry. However, DMart, which operates over 415 stores across 12 Indian states and union territories, is a large and well-structured organisation. To maintain a consistent and efficient system, the company applies uniform policies across all its locations. In some states, shoplifting by customers has become a significant concern, resulting in substantial losses. In response, DMart management has tightened exit procedures and introduced random customer checks across its outlets. This means that even after billing, staff at the exit do not immediately stamp the bill. Instead, they cross-check at least four items in the trolley with the receipt. Staff often use their fingernails to make a small mark on the bill, confirming that the items are accounted for. This process serves five essential purposes: 1. Shoplifting Prevention: Although the exit is close to the billing counters, there have been instances where customers attempt to leave with items that were not billed or scanned. DMart staff discreetly verify whether all billed items are present in the trolley and vice versa. This checking is subtle and often goes unnoticed by the customers. Employees are specially trained and receive daily briefings to help them identify unbilled items during random checks. 2. Detection of Billing Errors: Mistakes can happen, either through human error or technical glitches. Items may be wrongly scanned, have incorrect weights, or inaccurate pricing. These issues can be spotted during the exit checks and rectified immediately. 3: Discouraging Impulse Theft: In some cases, customers may be tempted to steal an item, not necessarily with malicious intent but due to a lack of self-control. The very presence of an exit check serves as a psychological deterrent, reducing such behaviour. 4. Strengthening Customer Trust: This system reinforces the idea that DMart operates with transparency and strict processes. Customers often perceive these checks as a sign of professionalism and accountability, which ultimately strengthens the brand's reputation across the country. 5. Customer Identification: During these checks, customers are asked to remain still for a few seconds, allowing CCTV cameras to capture a clear image of their face. If a theft incident is later discovered on camera, this footage helps identify the individual and determine legal action. Most customers are unaware of this additional layer of security and assume the check is purely for billing verification.
