Avenue Supermarts i.e. DMart is going to release its second quarter results on Saturday, October 12. Moneycontrol has estimated on the basis of the average of the results of 5 brokerage houses that the profit of DMart's parent company can be Rs 731 crore with a growth of 17.3 percent. Along with this, EBITDA margin has been estimated to be at 8 percent. At the same time, according to the average of the estimates of all brokerage houses, the income can register a growth of 13.2 percent compared to last year and reach Rs 14289 crore. However, while giving business update for the quarter, DMart has already informed that its income has increased by 14 percent on year-on-year basis. With this, the stock of Avenue Supermarts closed with a decline of about one percent in Friday's trading.

What is the estimate regarding the quarterly performance?

Nuvama Institutional Equities has been the most positive about the company's profits. As against the income of Rs 12624 crore and profit of Rs 624 crore in the same quarter last year, Nuvama estimates the income to be Rs 14050 crore and profit to be Rs 785 crore. At the same time, EBITDA margin is expected to be at 8.4 percent. According to Phillip Capital, the income could be Rs 14050 crore, profit to Rs 744 crore and EBITDA margin to be 8.1 percent. Motilal Oswal estimates the income to be Rs 14462 crore. At the same time, profit could be Rs 738 crore and EBITDA margin to be 8.1 percent.

PL Capital estimates that the company's income can be Rs 14442 crore and profit can be Rs 714 crore and EBITDA margin can be at 8 percent.

Axis Securities estimates that the company's income can be Rs 14442 crore and profit can be Rs 673 crore and EBITDA margin can be 7.5 percent.

Brokerage reports say that the company can benefit from the addition of new stores during the quarter and margins remaining stable. However, this year the rainy season is running late and the festive season falls in October, which can affect the sales growth.

How was the stock's performance?

In Friday's trading, Avenue Supermarts' stock closed at 4572 with a decline of 0.74 percent. The stock's highest level of the year has been 5484 and the lowest level of the year has been 3618. A year ago, the stock was below the 4000 level.