Department Stores company Avenue Supermarts announced Q3FY24 & 9MFY24 results: Standalone Q3FY24: - Total Revenue: Rs 13,247 crore (17.2% increase YoY) - EBITDA: Rs 1,121 crore (15.0% increase YoY) - PAT (Profit After Tax): Rs 737 crore (14.9% increase YoY) - Basic EPS (Earnings per Share): Rs 11.32 (compared to Rs 9.90 for Q3FY23) - New Stores Added: 5 (totaling 341 stores) Standalone 9MFY24: - Total Revenue: Rs 37,139 crore (17.9% increase YoY) - EBITDA: Rs 3,159 crore (9.8% increase YoY) - PAT (Profit After Tax): Rs 2,091 crore (1.9% increase YoY, considering 9MFY23 had a one-time tax adjustment) - Basic EPS (Earnings per Share): Rs 32.15 (compared to Rs 31.67 for 9MFY23) - New Stores Added: 17 (totaling 341 stores) Neville Noronha, CEO & Managing Director, commenting on the performance, said, "We ended Q3FY24 with a revenue growth of 17.2% as compared to the corresponding quarter of last year. Contribution from General Merchandise and Apparel has stabilized and trends are encouraging post Diwali. This time the festive season sales were lower than expected in Non-FMCG. Within FMCG, agri-staples (ex-edible oil) are going through significantly high inflation. We opened 5 new stores during the quarter. Our total stores now stand at 341." Result PDF