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

Tesla increases Model 3, Model Y ranges with 2022 model year

Image
  In an overnight update to its online configurator, Tesla changed the ranges of several of its most popular Model 3 and Model Y trims. International News : Elon Musk-owned electric vehicle company Tesla has updated Model 3 and Model Y ranges with the 2022 model year, and most of them have got higher ranges — though it depends on the wheels. In an overnight update to its online configurator, Tesla changed the ranges of several of its most popular Model 3 and Model Y trims. The update seems to coincide with Tesla shifting production to the 2022 model year, reports Electrek. Model years are not as big a deal with Tesla as it is with most other automakers since the electric automaker doesn’t wait for a new model year to implement changes in its vehicles. It continuously introduces new features and changes throughout the year as they are ready for production. However, some model years coincide with bigger changes, the report said. For the 2022 model year, Tesla appears to have made cha...
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