Ankündigung • Jul 22
Avenue Supermarts Limited, Annual General Meeting, Aug 19, 2026 Avenue Supermarts Limited, Annual General Meeting, Aug 19, 2026, at 11:00 Indian Standard Time. Ankündigung • Jul 13
Avenue Supermarts Limited Announces Management Changes Avenue Supermarts Limited held a board meeting on July 11, 2026, approved the appointment of Mr. Lalit Ahuja as Chief Operating Officer, Senior Management Personnel of the Company, with effect from July 13, 2026. Mr. Lalit Ahuja holds a Bachelor of Science degree in Electronics from Delhi University and is an alumnus of IIM Bangalore. Mr. Lalit Ahuja brings with him 28 years of extensive experience, having been associated with prominent companies such as Philips India, General Mills, Dabur, Godrej Consumer Products, Mars, and Apple. In his previous assignment, he spent over a decade with Zydus Wellness, where he served as Senior Vice President (Sales) and Business Head for the Sub-Continent. Avenue Supermarts Limited further approved the change in designation and role of Mr. Parvez Vandrewala from 'Chief Operating Officer' to 'Head - Centre of Excellence' with effect from November 1, 2026. Consequent to the above change, Mr. Parvez Vandrewala will continue to be Senior Managerial Personnel of the Company. Reported Earnings • Jul 12
First quarter 2027 earnings: EPS and revenues miss analyst expectations First quarter 2027 results: EPS: ₹13.20 (up from ₹11.88 in 1Q 2026). Revenue: ₹187.9b (up 15% from 1Q 2026). Net income: ₹8.61b (up 11% from 1Q 2026). Profit margin: 4.6% (down from 4.7% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 02
Avenue Supermarts Limited to Report Q1, 2027 Results on Jul 11, 2026 Avenue Supermarts Limited announced that they will report Q1, 2027 results at 4:00 PM, Indian Standard Time on Jul 11, 2026 Reported Earnings • May 05
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹45.65 (up from ₹41.62 in FY 2025). Revenue: ₹688.2b (up 16% from FY 2025). Net income: ₹29.7b (up 9.7% from FY 2025). Profit margin: 4.3% (down from 4.6% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Ankündigung • Apr 22
Avenue Supermarts Limited to Report Q4, 2026 Results on May 02, 2026 Avenue Supermarts Limited announced that they will report Q4, 2026 results at 4:00 PM, Indian Standard Time on May 02, 2026 Reported Earnings • Jan 11
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: ₹13.15 (up from ₹11.12 in 3Q 2025). Revenue: ₹181.2b (up 13% from 3Q 2025). Net income: ₹8.56b (up 18% from 3Q 2025). Profit margin: 4.7% (up from 4.5% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Ankündigung • Jan 02
Avenue Supermarts Limited to Report Q3, 2026 Results on Jan 10, 2026 Avenue Supermarts Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Jan 10, 2026 Reported Earnings • Oct 12
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: ₹10.53 (up from ₹10.14 in 2Q 2025). Revenue: ₹167.0b (up 16% from 2Q 2025). Net income: ₹6.85b (up 3.9% from 2Q 2025). Profit margin: 4.1% (down from 4.6% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Ankündigung • Oct 03
Avenue Supermarts Limited to Report Q2, 2026 Results on Oct 11, 2025 Avenue Supermarts Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Oct 11, 2025 Ankündigung • Aug 14
Avenue Supermarts Limited Appoints Rita Teaotia as Independent Director Avenue Supermarts Limited announced that at its AGM held on August 12, 2025, the shareholders approved to appoint Ms. Rita Teaotia (DIN: 02876666) as an Independent Director of the Company, for a period of 3 (three) years commencing from 20th June, 2025 to 19th June, 2028. Ankündigung • Jul 18
Avenue Supermarts Limited, Annual General Meeting, Aug 12, 2025 Avenue Supermarts Limited, Annual General Meeting, Aug 12, 2025, at 12:00 Indian Standard Time. Reported Earnings • Jul 12
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: ₹11.88 (down from ₹11.89 in 1Q 2025). Revenue: ₹163.8b (up 16% from 1Q 2025). Net income: ₹7.73b (flat on 1Q 2025). Profit margin: 4.7% (down from 5.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 03
Avenue Supermarts Limited to Report Q1, 2026 Results on Jul 11, 2025 Avenue Supermarts Limited announced that they will report Q1, 2026 results at 12:08 PM, Indian Standard Time on Jul 11, 2025 Reported Earnings • May 05
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹41.61 (up from ₹38.99 in FY 2024). Revenue: ₹593.6b (up 17% from FY 2024). Net income: ₹27.1b (up 6.8% from FY 2024). Profit margin: 4.6% (down from 5.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.3%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 25
Avenue Supermarts Limited to Report Q4, 2025 Results on May 03, 2025 Avenue Supermarts Limited announced that they will report Q4, 2025 results at 12:08 PM, Indian Standard Time on May 03, 2025 New Risk • Feb 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹233m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Feb 07
Insider recently sold ₹7.9m worth of stock On the 4th of February, Ravi Sharma sold around 2k shares on-market at roughly ₹3,950 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.8b more than they bought in the last 12 months. Recent Insider Transactions • Jan 25
VP of FMCG & Head of Pharma Business recently sold ₹3.6m worth of stock On the 23rd of January, Hitesh Shah sold around 1k shares on-market at roughly ₹3,596 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.8b more than they bought in the last 12 months. Ankündigung • Jan 14
Avenue Supermarts Appoints Anshul Asawa as CEO, Effective March 15, 2025 Avenue Supermarts Limited has appointed Anshul Asawa as CEO designate with effect from March 15, 2025. He succeeds Ignatius Navil Noronha who will complete his five-year term as managing director of the company on 31st January, 2026. Asawa will succeed Noronha as managing director and CEO with effect from February 1, 2026, subject to the approval of the shareholders of the company. Asawa has spent nearly three decades at Unilever including stints in India, the Netherlands, and the United Kingdom before moving to Avenue Supermarts. His most recent designation was of country head, Thailand, and general manager, greater Asia, home care. Ankündigung • Jan 03
Avenue Supermarts Limited to Report Q3, 2025 Results on Jan 11, 2025 Avenue Supermarts Limited announced that they will report Q3, 2025 results on Jan 11, 2025 Ankündigung • Dec 06
Avenue Supermarts Limited Approves Appointment of Bhaskaran N as the Whole-Time Director Avenue Supermarts Limited approved appointment of Mr. Bhaskaran N, Chief Operating Officer - Retail as the Whole-time Director of the Company for a period of two years with effect from 17th October, 2024. Ankündigung • Oct 28
Avenue Supermarts Limited (NSEI:DMART) acquired 26% stake in Fp Ampere Energy Private Limited from Fourth Partner Energy Private Limited for INR 19.99 million Avenue Supermarts Limited (NSEI:DMART) agreed to acquire 26% stake in Fp Ampere Energy Private Limited from Fourth Partner Energy Private Limited for INR 20 million on March 16, 2024. The consideration consists of INR 20 million in cash. As part of the consideration, INR 20 million was paid towards common equity. The transaction has been approved by the Board of Directors of Avenue Supermarts. Completion is subject to signing of transaction documents. The transaction is expected to be completed by December 31, 2024.
Avenue Supermarts Limited (NSEI:DMART) entered into transaction documents to acquire 26% stake in Fp Ampere Energy Private Limited from Fourth Partner Energy Private Limited on October 7, 2024.
Avenue Supermarts Limited (NSEI:DMART) completed the acquisition of 26% stake in Fp Ampere Energy Private Limited from Fourth Partner Energy Private Limited for INR 19.99 million on October 26, 2024. Ankündigung • Oct 16
Avenue Supermarts Limited Announces Executive Appointments Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of Avenue Supermarts Limited at their meeting held on 16th October, 2024 has approved the following . Appointment of Mr. Amit Jain as Chief Operating Officer (Senior Management Personnel) of the Company with effect from 17th October, 2024. Mr. Parvez Vandrewala presently serving as Vice President-Operations will assume the role of Chief Operating Officer of the Company commencing 17th October, 2024. In his new role, Mr. Vandrewala will be a Senior Management Personnel of the Company. Mr. Amit Jain has 20 years of leadership experience in Sales & Distribution, Customer Marketing, Sales Transformation and digitization. He gained extensive experience through varied roles at Godrej Consumer Product Ltd. (GCPL). In his last role with GCPL he was Head Sales (India Business). Prior to GCPL, he worked with companies like Dabur India Ltd, Perfetti Van Melle and TVS Motor. Mr. Jain holds a PGDBM in Marketing and Bachelor's degree in Engineering. Mr. Parvez Vandrewala joined the Company in 2021 as Vice President - Operations. He has been instrumental in developing and strengthening operations across the states of Gujarat, Rajasthan, Punjab, Madhya Pradesh and NCR. Prior to joining DMart, he was associated with organizations such as Hindustan Unilever Ltd., Hindustan Times, Midday Multimedia Ltd. and Piramal Health Care. Overall, he has 36 years of rich experience across multiple industries. Mr. Parvez has completed an Executive Education Program from IIM, Bangalore and is a Bachelor in Commerce. Price Target Changed • Oct 15
Price target decreased by 8.0% to ₹4,635 Down from ₹5,037, the current price target is an average from 28 analysts. New target price is 11% above last closing price of ₹4,192. Stock is up 9.1% over the past year. The company is forecast to post earnings per share of ₹46.73 for next year compared to ₹38.99 last year. Reported Earnings • Oct 14
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: ₹10.14 (up from ₹9.58 in 2Q 2024). Revenue: ₹144.4b (up 14% from 2Q 2024). Net income: ₹6.60b (up 5.8% from 2Q 2024). Profit margin: 4.6% (down from 4.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Ankündigung • Oct 04
Avenue Supermarts Limited to Report Q2, 2025 Results on Oct 12, 2024 Avenue Supermarts Limited announced that they will report Q2, 2025 results on Oct 12, 2024 Recent Insider Transactions • Sep 11
Insider recently sold ₹80m worth of stock On the 5th of September, Vikram Bhatia sold around 16k shares on-market at roughly ₹5,122 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹158m. Insiders have been net sellers, collectively disposing of ₹2.9b more than they bought in the last 12 months. Recent Insider Transactions • Sep 05
Insider recently sold ₹123m worth of stock On the 30th of August, Indu Pachisia sold around 25k shares on-market at roughly ₹4,971 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹158m. Insiders have been net sellers, collectively disposing of ₹2.7b more than they bought in the last 12 months. Recent Insider Transactions • Aug 23
Board Member recently sold ₹20m worth of stock On the 20th of August, Elvin Machado sold around 4k shares on-market at roughly ₹5,063 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹158m. Insiders have been net sellers, collectively disposing of ₹2.5b more than they bought in the last 12 months. Recent Insider Transactions • Aug 20
CEO, MD & Director recently sold ₹60m worth of stock On the 12th of August, Ignatius Noronha sold around 12k shares on-market at roughly ₹5,004 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹158m. Ignatius has been a net seller over the last 12 months, reducing personal holdings by ₹181m. Ankündigung • Jul 23
Avenue Supermarts Limited, Annual General Meeting, Aug 29, 2024 Avenue Supermarts Limited, Annual General Meeting, Aug 29, 2024, at 11:00 Indian Standard Time. Reported Earnings • Jul 14
First quarter 2025 earnings released: EPS: ₹11.89 (vs ₹10.14 in 1Q 2024) First quarter 2025 results: EPS: ₹11.89 (up from ₹10.14 in 1Q 2024). Revenue: ₹141.1b (up 19% from 1Q 2024). Net income: ₹7.74b (up 18% from 1Q 2024). Profit margin: 5.5% (down from 5.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 04
Avenue Supermarts Limited to Report Q1, 2025 Results on Jul 13, 2024 Avenue Supermarts Limited announced that they will report Q1, 2025 results on Jul 13, 2024 Recent Insider Transactions • Jun 10
Insider recently sold ₹24m worth of stock On the 4th of June, Indu Pachisia sold around 6k shares on-market at roughly ₹4,447 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹95m. Insiders have been net sellers, collectively disposing of ₹2.3b more than they bought in the last 12 months. Recent Insider Transactions • May 25
Insider recently sold ₹34m worth of stock On the 22nd of May, Indu Pachisia sold around 7k shares on-market at roughly ₹4,824 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹95m. Insiders have been net sellers, collectively disposing of ₹3.2b more than they bought in the last 12 months. Price Target Changed • May 22
Price target increased by 7.1% to ₹4,577 Up from ₹4,274, the current price target is an average from 25 analysts. New target price is approximately in line with last closing price of ₹4,798. Stock is up 40% over the past year. The company is forecast to post earnings per share of ₹50.75 for next year compared to ₹38.99 last year. Recent Insider Transactions • May 15
Insider recently sold ₹95m worth of stock On the 10th of May, Navinchandra Nerurkar sold around 20k shares on-market at roughly ₹4,774 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹3.7b more than they bought in the last 12 months. Ankündigung • May 06
Avenue Supermarts Limited Appoints Stephen Thomas as Head-Food Services, Designated as Senior Management Personnel Avenue Supermarts Limited announced that Mr. Stephen Thomas, currently serving as the General Manager Operations of the Company has been appointed as Head-Food Services, designated as Senior Management Personnel of the Company. with effect from 4 May 2024 to oversee the food services business. Mr. Stephen Thomas graduated in Arts from MG University in Kottayam and has rich experience of 28 years in the Hospitality and Retail Industry. Mr. Stephen started his career with Yum Restaurants International (Pizza Hut) as a Team member in the year 1996 based out of Bangalore. He handled different portfolios in Pizza Hut as Restaurant General Manager, Area Manager and Head of Operations for the states of Madhya Pradesh, Goa, Chhattisgarh and Rest of Maharashtra for a span of 18 years. He was responsible for Sales, Marketing, Operations and Business Development for restaurant business where he developed skills that are required to run pizza restaurant business including establishment of kitchens. Mr. Stephen joined DMart in the year 2015 as Deputy General Manager - Operations for Andhra Pradesh and Telangana. He has been associated with the Company when there were only 12 stores in the region and he played a vital role in the expansion of the stores across the geography. He was promoted as General Manager - Operations (Circle Head) for Andhra Pradesh in 2021. Reported Earnings • May 05
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹38.99 (up from ₹36.72 in FY 2023). Revenue: ₹509.4b (up 19% from FY 2023). Net income: ₹25.4b (up 6.6% from FY 2023). Profit margin: 5.0% (down from 5.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 28
Avenue Supermarts Limited to Report Q4, 2024 Results on May 04, 2024 Avenue Supermarts Limited announced that they will report Q4, 2024 results on May 04, 2024 Ankündigung • Apr 19
Tata, Reliance, DMart Reportedly in Talks to Acquire 24Seven from Godfrey Phillips Godfrey Phillips India Limited (BSE:500163), backed by the KK Modi group, is in discussions with Tata Trent Limited (BSE:500251), Reliance Retail Limited, and Avenue Supermarts Limited (NSEI:DMART) for a potential sale of its retail grocery chain, 24Seven, The Economic Times (ET) reported. The outcome of the talks will depend on the valuation, the business daily said, citing sources. The leadership of the (Modi) group had started discussions with entities that showed clear synergies and these are said to be currently ongoing, at different stages. In an exchange filing on April 12, Godfrey Phillips India had disclosed its plan to divest of the loss-making 24Seven convenience chain after a thorough review of its retail business division. Ankündigung • Mar 18
Avenue Supermarts Limited (NSEI:DMART) agreed to acquire 26% stake in Fp Ampere Energy Private Limited from Fourth Partner Energy Private Limited for INR 20 million. Avenue Supermarts Limited (NSEI:DMART) agreed to acquire 26% stake in Fp Ampere Energy Private Limited from Fourth Partner Energy Private Limited for INR 20 million on March 16, 2024. The consideration consists of INR 20 million in cash. As part of the consideration, INR 20 million was paid towards common equity. The transaction has been approved by the Board of Directors of Avenue Supermarts. Completion is subject to signing of transaction documents. The transaction is expected to be completed by December 31, 2024. Ankündigung • Mar 16
Avenue Supermarts Limited Announces Change in Directorate Avenue Supermarts Limited informed that Mr. Ramesh Damani (DIN: 00304347), Chairman and Independent Director of the Company shall complete his second term on the Board of the Company on 31st March, 2024. Accordingly, he will cease to be Chairman and Independent Director of the Company with effect from close of business hours on 31st March, 2024. Consequently, the Board of Directors at their meeting held 16th March, 2024, have approved the appointment of Mr. Chandrashekhar Bhave (DIN: 00059856), Independent Director as Chairman of the Company w.e.f. 1st April, 2024. Mr. Chandrashekhar Bhave holds a graduate degree in electrical engineering from Jabalpur Engineering College. He has several years of experience in the state and central administrative services and securities regulation. Prior to joining Company, he was in the Indian administrative service and has worked in different positions with the State Government and the Central Government. He has held the position of a senior executive director of SEBI during the years 1992 to 1996 which were the formative years of SEBI, and during which period the work of creating the regulatory infrastructure for capital markets was undertaken. He served as the chairman and managing director of NSDL during the years 1996 to 2008. He served as the chairman of SEBI during the years 2008 to 2011. During this period, he was also the chairperson of the Asia-Pacific Regional Committee and a member of the technical and the executive committees of the International Organisation of Securities Commission. He was a member of the board of the Public Interest Oversight Board ("PIOB") during 2011-2017. PIOB is a not for profit foundation registered in Madrid, Spain. PIOB supervises the work of the standard setting bodies of the International Federation of Accountant from the perspective of public interest. He was a trustee of the IFRS foundation based in London from 2012-2018. He is the Chairman of the Indian Institute for Human Settlements, a not for profit company established for the purpose of creating and disseminating knowledge related to human settlements in the context of urban areas. He is a member of the board of Mahindra and Mahindra Financial Services Limited, Vistaar Financial Services Private Limited, Tejas Networks Limited, Niva Bupa Health Insurance Company Limited, Saankhya Labs Private Limited and a trustee on the board of trustees of the Independent and Public Spirited Media Foundation Trust. Ankündigung • Feb 27
Avenue Supermarts Limited Appoints Harishchandra M. Bharuka as an Independent Director of the Company Avenue Supermarts Limited approved the appointment of Mr. Harishchandra M. Bharuka (DIN: 00306084) as an Independent Director of the Company for a term of five consecutive years with effect from 13 January, 2024 upto 12 January, 2029, as set out in the Postal Ballot Notice dated 13 January, 2024. Recent Insider Transactions • Jan 31
CEO, MD & Director recently sold ₹37m worth of stock On the 25th of January, Ignatius Noronha sold around 10k shares on-market at roughly ₹3,729 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹121m. Ignatius has been a net seller over the last 12 months, reducing personal holdings by ₹1.1b. Recent Insider Transactions • Jan 27
CEO, MD & Director recently sold ₹19m worth of stock On the 19th of January, Ignatius Noronha sold around 5k shares on-market at roughly ₹3,736 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹121m. Ignatius has been a net seller over the last 12 months, reducing personal holdings by ₹1.0b. Reported Earnings • Jan 14
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: ₹10.62 (up from ₹9.10 in 3Q 2023). Revenue: ₹136.1b (up 18% from 3Q 2023). Net income: ₹6.91b (up 17% from 3Q 2023). Profit margin: 5.1% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.9%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 20
Insider recently sold ₹121m worth of stock On the 13th of December, Sudipta Chatterjee sold around 30k shares on-market at roughly ₹4,034 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹4.7b more than they bought in the last 12 months. Recent Insider Transactions • Nov 30
Chief Operating Officer of Retail recently sold ₹59m worth of stock On the 28th of November, Narayanan Bhaskaran sold around 15k shares on-market at roughly ₹3,907 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹87m. Insiders have been net sellers, collectively disposing of ₹4.2b more than they bought in the last 12 months. Recent Insider Transactions • Nov 17
Insider recently sold ₹15m worth of stock On the 10th of November, Vikram Bhatia sold around 4k shares on-market at roughly ₹3,780 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹87m. Insiders have been net sellers, collectively disposing of ₹4.1b more than they bought in the last 12 months. Reported Earnings • Oct 15
Second quarter 2024 earnings released: EPS: ₹9.58 (vs ₹10.58 in 2Q 2023) Second quarter 2024 results: EPS: ₹9.58 (down from ₹10.58 in 2Q 2023). Revenue: ₹126.6b (up 19% from 2Q 2023). Net income: ₹6.24b (down 9.1% from 2Q 2023). Profit margin: 4.9% (down from 6.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 05
Avenue Supermarts Limited to Report Q2, 2024 Results on Oct 14, 2023 Avenue Supermarts Limited announced that they will report Q2, 2024 results on Oct 14, 2023 Recent Insider Transactions • Sep 13
Chief Operating Officer of Retail recently sold ₹1.9m worth of stock On the 11th of September, Narayanan Bhaskaran sold around 500 shares on-market at roughly ₹3,813 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹104m. Insiders have been net sellers, collectively disposing of ₹3.9b more than they bought in the last 12 months. Recent Insider Transactions • Jul 28
Insider recently sold ₹7.4m worth of stock On the 19th of July, Vishwanath Joshi sold around 2k shares on-market at roughly ₹3,690 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹134m. Insiders have been net sellers, collectively disposing of ₹4.1b more than they bought in the last 12 months. Reported Earnings • Jul 16
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: ₹10.14 (up from ₹9.93 in 1Q 2023). Revenue: ₹118.7b (up 18% from 1Q 2023). Net income: ₹6.59b (up 2.5% from 1Q 2023). Profit margin: 5.6% (down from 6.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 9.1%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 15
Avenue Supermarts Limited, Annual General Meeting, Aug 10, 2023 Avenue Supermarts Limited, Annual General Meeting, Aug 10, 2023, at 11:00 Indian Standard Time. Ankündigung • Jul 07
Avenue Supermarts Limited to Report Q1, 2024 Results on Jul 15, 2023 Avenue Supermarts Limited announced that they will report Q1, 2024 results on Jul 15, 2023 Recent Insider Transactions • May 22
Vice President of Operations recently sold ₹58m worth of stock On the 17th of May, Hitesh Shah sold around 17k shares on-market at roughly ₹3,401 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹377m. This was Hitesh's only on-market trade for the last 12 months. Reported Earnings • May 15
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹36.70 (up from ₹23.04 in FY 2022). Revenue: ₹428.7b (up 38% from FY 2022). Net income: ₹23.8b (up 59% from FY 2022). Profit margin: 5.5% (up from 4.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Ankündigung • May 06
Avenue Supermarts Limited to Report Q4, 2023 Results on May 13, 2023 Avenue Supermarts Limited announced that they will report Q4, 2023 results on May 13, 2023 Recent Insider Transactions • Feb 08
CEO, MD & Director recently sold ₹50m worth of stock On the 3rd of February, Ignatius Noronha sold around 14k shares on-market at roughly ₹3,501 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ignatius has been a net seller over the last 12 months, reducing personal holdings by ₹228m. Reported Earnings • Jan 15
Third quarter 2023 earnings released: EPS: ₹9.10 (vs ₹8.53 in 3Q 2022) Third quarter 2023 results: EPS: ₹9.10 (up from ₹8.53 in 3Q 2022). Revenue: ₹116.0b (up 26% from 3Q 2022). Net income: ₹5.90b (up 6.7% from 3Q 2022). Profit margin: 5.1% (down from 6.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 25% per year. Ankündigung • Jan 07
Avenue Supermarts Limited to Report Nine Months, 2023 Results on Jan 14, 2023 Avenue Supermarts Limited announced that they will report nine months, 2023 results on Jan 14, 2023 Recent Insider Transactions • Nov 27
Insider recently sold ₹7.5m worth of stock On the 24th of November, Mahesh Pawar sold around 2k shares on-market at roughly ₹3,964 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹50m. Insiders have been net sellers, collectively disposing of ₹669m more than they bought in the last 12 months. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Non Executive Independent Director Kalpana Unadkat was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 13
Insider recently sold ₹4.1m worth of stock On the 10th of November, Manoranjan Sahoo sold around 1k shares on-market at roughly ₹4,121 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹50m. Insiders have been net sellers, collectively disposing of ₹656m more than they bought in the last 12 months. Recent Insider Transactions • Nov 03
Insider recently sold ₹14m worth of stock On the 28th of October, Umesh Ahuja sold around 3k shares on-market at roughly ₹4,287 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹50m. Insiders have been net sellers, collectively disposing of ₹620m more than they bought in the last 12 months. Recent Insider Transactions • Oct 23
Insider recently sold ₹1.6m worth of stock On the 21st of October, Mahesh Nagda sold around 375 shares on-market at roughly ₹4,163 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹178m. Insiders have been net sellers, collectively disposing of ₹610m more than they bought in the last 12 months. Reported Earnings • Oct 18
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: ₹10.58 (up from ₹6.45 in 2Q 2022). Revenue: ₹106.4b (up 37% from 2Q 2022). Net income: ₹6.86b (up 64% from 2Q 2022). Profit margin: 6.4% (up from 5.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 07
Avenue Supermarts Limited to Report First Half, 2023 Results on Oct 15, 2022 Avenue Supermarts Limited announced that they will report first half, 2023 results on Oct 15, 2022 Recent Insider Transactions • Sep 01
Insider recently sold ₹2.3m worth of stock On the 30th of August, Rajesh Seth sold around 500 shares on-market at roughly ₹4,540 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹178m. Insiders have been net sellers, collectively disposing of ₹569m more than they bought in the last 12 months. Ankündigung • Jul 19
Avenue Supermarts Limited, Annual General Meeting, Aug 17, 2022 Avenue Supermarts Limited, Annual General Meeting, Aug 17, 2022, at 11:00 Indian Standard Time. Recent Insider Transactions • Jul 17
Insider recently sold ₹3.9m worth of stock On the 14th of July, Mahesh Pawar sold around 1k shares on-market at roughly ₹3,927 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹792m more than they bought in the last 12 months. Reported Earnings • Jul 10
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: ₹9.93 (up from ₹1.47 in 1Q 2022). Revenue: ₹100.7b (up 94% from 1Q 2022). Net income: ₹6.43b (up ₹5.48b from 1Q 2022). Profit margin: 6.4% (up from 1.8% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 30%, compared to a 20% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jul 02
Avenue Supermarts Limited to Report Q1, 2023 Results on Jul 09, 2022 Avenue Supermarts Limited announced that they will report Q1, 2023 results on Jul 09, 2022 Recent Insider Transactions • May 25
Insider recently sold ₹1.1m worth of stock On the 18th of May, Jagmohan Bagri sold around 300 shares on-market at roughly ₹3,660 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹17m. Insiders have been net sellers, collectively disposing of ₹1.0b more than they bought in the last 12 months. Price Target Changed • May 17
Price target decreased to ₹3,896 Down from ₹4,293, the current price target is an average from 17 analysts. New target price is 6.3% above last closing price of ₹3,664. Stock is up 20% over the past year. The company is forecast to post earnings per share of ₹38.41 for next year compared to ₹23.04 last year. Reported Earnings • May 15
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: ₹23.04 (up from ₹16.97 in FY 2021). Revenue: ₹310.9b (up 29% from FY 2021). Net income: ₹14.9b (up 36% from FY 2021). Profit margin: 4.8% (up from 4.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 41%, compared to a 22% growth forecast for the retail industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Non Executive Independent Director Kalpana Unadkat was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 15
Insider recently sold ₹8.3m worth of stock On the 10th of March, Swati Dahibawkar sold around 2k shares on-market at roughly ₹4,140 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹17m. Insiders have been net sellers, collectively disposing of ₹1.1b more than they bought in the last 12 months. Recent Insider Transactions • Mar 05
Insider recently sold ₹17m worth of stock On the 28th of February, Ravi Sharma sold around 4k shares on-market at roughly ₹4,233 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹1.1b more than they bought in the last 12 months. Recent Insider Transactions • Feb 13
Insider recently sold ₹4.8m worth of stock On the 9th of February, Vikas Bendre sold around 1k shares on-market at roughly ₹4,000 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹1.1b more than they bought in the last 12 months. Recent Insider Transactions • Jan 25
Insider recently sold ₹6.5m worth of stock On the 21st of January, Manoranjan Sahoo sold around 2k shares on-market at roughly ₹4,330 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹1.1b more than they bought in the last 12 months. Reported Earnings • Jan 11
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: ₹8.53 (up from ₹6.90 in 3Q 2021). Revenue: ₹92.2b (up 22% from 3Q 2021). Net income: ₹5.53b (up 24% from 3Q 2021). Profit margin: 6.0% (up from 5.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 39%, compared to a 26% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Dec 15
Insider recently sold ₹24m worth of stock On the 10th of December, Rajesh jain sold around 5k shares on-market at roughly ₹4,823 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.1b more than they bought in the last 12 months. Recent Insider Transactions • Nov 21
Insider recently sold ₹5.1m worth of stock On the 17th of November, Jaideep Soman sold around 1k shares on-market at roughly ₹5,149 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹193m. Insiders have been net sellers, collectively disposing of ₹1.4b more than they bought in the last 12 months. Recent Insider Transactions • Nov 10
Insider recently sold ₹2.3m worth of stock On the 3rd of November, Dastgir Shaikh sold around 500 shares on-market at roughly ₹4,617 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹193m. Insiders have been net sellers, collectively disposing of ₹1.4b more than they bought in the last 12 months. Recent Insider Transactions • Nov 03
Insider recently sold ₹2.3m worth of stock On the 29th of October, K. Rao sold around 500 shares on-market at roughly ₹4,691 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹193m. Insiders have been net sellers, collectively disposing of ₹1.4b more than they bought in the last 12 months. Price Target Changed • Oct 18
Price target increased to ₹4,106 Up from ₹3,441, the current price target is an average from 16 analysts. New target price is 16% below last closing price of ₹4,895. Stock is up 134% over the past year. Reported Earnings • Oct 17
Second quarter 2022 earnings released: EPS ₹6.45 (vs ₹3.07 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹78.2b (up 47% from 2Q 2021). Net income: ₹4.18b (up 110% from 2Q 2021). Profit margin: 5.3% (up from 3.7% in 2Q 2021). The increase in margin was driven by higher revenue. Price Target Changed • Oct 08
Price target increased to ₹3,421 Up from ₹3,194, the current price target is an average from 16 analysts. New target price is 22% below last closing price of ₹4,408. Stock is up 114% over the past year. Recent Insider Transactions • Aug 25
Insider recently sold ₹1.8m worth of stock On the 18th of August, Sandeep Dhembare sold around 500 shares on-market at roughly ₹3,655 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹85m. Insiders have been net sellers, collectively disposing of ₹903m more than they bought in the last 12 months. Recent Insider Transactions • Aug 18
Group CFO & Whole-Time Director recently sold ₹32m worth of stock On the 13th of August, Ramakant Baheti sold around 9k shares on-market at roughly ₹3,598 per share. In the last 3 months, they made an even bigger sale worth ₹85m. Insiders have been net sellers, collectively disposing of ₹920m more than they bought in the last 12 months. Recent Insider Transactions • Aug 05
Insider recently sold ₹21m worth of stock On the 3rd of August, Kirit Nagda sold around 6k shares on-market at roughly ₹3,551 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹85m. Insiders have been net sellers, collectively disposing of ₹872m more than they bought in the last 12 months. 
