FY19 Q2 Earnings " D-MART "
Avenue Supermart Q2 net profit jump 18% YOY at 226 cr. It had posted a net profit of Rs 191 cr in the corresponding quarter last year.
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Revenue jumped 39% YOY to Rs 4872 cr. It had posted a revenue of Rs 3507 cr in the corresponding quarter last year.
EBITDA margin stood at 8% in FY19 Q2 as compared to 9.1% in FY18 Q2.
We expect some more correction is coming in this stock as it was already get a huge premium. But slow down its margin give a reason to the market to correct its valuation.
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