Sharp profit revision, fewer store openings may dent prospects of DMart

 Muted sales expectations for FY22, fewer store openings,

And a higher proportion of low-margin grocery (food) sales have led to sharp earnings downgrades for Avenue Supermarts or DMart for the current financial year.

dmart

While the margin profile was improving as reflected in the March quarter performance and management commentary,

Given the lockdown in multiple states, the trend is expected to reverse.

The operating profit margin for the quarter was higher by 157 basis points, to 8.3 per cent.

The company indicated there had been a revival in discretionary spends not seen in the previous three …

Comments

Post a Comment

Popular posts from this blog

GST transitional credit: Time for another tweak?

Image
  The multitude of circumstances and myriad ways in which the need for transition of credit would arise cannot be predicted and provided for Transition in any domain is always a complex affair. When several taxes levied independently by the Union and the State governments are unified under a single levy, the process is bound to be very complex and it is the duty of the government to ensure a smooth transition in all aspects. One such aspect is the seamless transfer of credits earned under the existing laws into the GST regime and Section 140 of the CGST Act provides for the same. Though the said section deals with several situations, the multitude of circumstances and myriad ways in which the need for transition of credit would arise cannot be predicted and provided for. Here is where the government has to be proactive and guide the process through the removal of difficulty powers. Unfortunately, more often than not, the government is playing an adversarial role, rather than the r...
Read more

New Income Tax Portal: What is AIS and know how to Download it

Image
  The new AIS includes additional information related to interest, dividend, securities transactions, mutual fund transactions, and foreign remittance information. New Delhi:  The  Income Tax  Department has announced that taxpayers can now access the new Annual Information Statement (AIS) through the e-Filing portal. In a Tweet, the department has clarified that “Check out the new Annual Information Statement(AIS). Provides a comprehensive view of the information available with ITD about taxpayers. The new AIS includes additional information related to interest, dividend, securities transactions, mutual fund transactions, and foreign remittance information. The AIS is a comprehensive statement containing details of all the financial transactions undertaken by you in a financial year (FY), i.e., it contains the information that are specified under the Income-tax Act, 1961. The AIS contains information related to income earned from various sources such as salary, divi...
Read more

Coal stocks lose ground after Glasgow climate deal to reduce fuel's use

Image
U.N. climate talks in Glasgow ended on Saturday with a deal targeting fossil fuel use. International News : SYDNEY (Reuters) -An international agreement to reduce coal use dragged miners’ shares lower on Monday, but tight supply of the commodity provided a floor for a sector that has chalked up huge gains this year. “The reality is that coal is going to be used during the next decade or so. It’s still going to be a cash generator,” said Mathan Somasundaram, chief executive officer at Sydney-based research firm Deep Data Analytics. Big miners China Shenhua Energy and Yanzhou Coal fell 1% and 3% respectively in Hong Kong, where the broader stock market was mostly steady. An index of mainland-listed miners fell about 1%. In Indonesia, the world’s biggest coal exporter, declines were exacerbated by surging production in China, a top customer. No. 1 miner Bumi Resources fell 3% while Adaro Energy and Indika Energy tumbled 5% and 6% respectively. Shares in Australia-listed thermal coal miner...
Read more