Total revenue for Q4FY21 stood at Rs. 7,303 crores compared to Q4FY20 revenue of Rs. 6,194 crore, a growth of 17.9%.
EBITDA for Q4FY21 increased by 47.6% to Rs. 617 crores from Q4FY20 EBITDA of Rs. 418 crores.
EBITDA Margin for Q4FY21 stood at 8.4% when compared to 6.7% for Q4FY20.
Net profit increased by 51.6% to Rs. 435 crores in Q4FY21 from Net profit of Rs. 287 crores in Q4FY20
PAT Margin for Q4FY21 stood at 5.9% as compared to PAT Margin of 4.6% in Q4FY20.
Standalone FY21 Results
Total revenue for FY21 stood at Rs. 23,787 crores compared to FY20 revenue of Rs. 24,675 crore, a small decline of (3.6)%.
EBITDA for FY21 decreased by (17.9)% to Rs. 1,742 crores from FY20 EBITDA of Rs. 2,122 crores.
EBITDA Margin for FY21 stood at 7.3% when compared to 8.6% for FY20.
Net profit decreased by (13.7)% to Rs. 1,165 crores in FY21 from Net profit of Rs. 1,350 crores in FY20
PAT Margin for FY21 stood at 4.9% as compared to PAT Margin of 5.5% in FY20.
Consolidated Q4FY21 Results
Total revenue for Q4FY21 stood at Rs. 7,412 crores compared to Q4FY20 revenue of Rs. 6,256 crore, a growth of 18.5%.
EBITDA for Q4FY21 increased by 47% to Rs. 613 crores from Q4FY20 EBITDA of Rs. 417 crores.
EBITDA Margin for Q4FY21 stood at 8.3% when compared to 6.7% for Q4FY20.
Net profit increased by 52.8% to Rs. 414 crores in Q4FY21 from Net profit of Rs. 271 crores in Q4FY20
PAT Margin for Q4FY21 stood at 5.5% as compared to PAT Margin of 4.3% in Q4FY20.
Consolidated FY21 Results
Total revenue for FY21 stood at Rs. 24,143 crores compared to FY20 revenue of Rs. 24,870 crore, a small decline of (2.9%).
EBITDA for FY21 decreased by (18.1%) to Rs. 1,743 crores from FY20 EBITDA of Rs. 2,128 crores.
EBITDA Margin for FY21 stood at 7.2% when compared to 8.6% for FY20.
Net profit decreased by (15.5)% to Rs. 1,099 crores in FY21 from Net profit of Rs. 1,301 crores in FY20
PAT Margin for FY21 stood at 4.5% as compared to PAT Margin of 5.2% in FY20.
Highlights
The company added 13 stores in Q4FY21 and total 22 stores in FY21. It also converted 2 stores into fulfilment centre for Avenue E-commerce Limited.
The second wave of COVID-19 has caused disruptions to the business as several cities and towns have announced restrictions.
In FY21, company has seen decline in key financial parameters. The sales mix has also been shifted towards FMCG and Grocery products.
General Merchandise and Apparel formed 22.9% of the total revenue for FY21 as compared to 27.31% of total revenue of FY20.
This is caused by consumer preferences to essential goods for significant period in the year. This impacted the margins of the company during the year.
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