π΄ #DMart Falls To A 6-Month Low
π¬ Shares of Avenue Supermarts (DMART) fell to a six-month low on 16th January 2023, after the core quarterly profit margins declined due to weak demands of discretionary goods.
#StockMarket #Stocks #StockMarkets #Q3FY23
π¬ Shares of Avenue Supermarts (DMART) fell to a six-month low on 16th January 2023, after the core quarterly profit margins declined due to weak demands of discretionary goods.
#StockMarket #Stocks #StockMarkets #Q3FY23
Discretionary goods are those whose consumption is not due to needs but due to wants, for example, apparel. In Q3, its profit margin fell to 8.34% from 9.39% a year earlier. This is before interest, taxes, depreciation and amortization.
π¬ The general merchandise & apparel sectorβthe category with the highest margins was hit the hardest as a result of cost-cutting initiatives. However, it is believed if it recovers, sales per square foot and gross margins will improve.
π¬ Profit margin is used to know how profitable a company is and shows what percentage of sales has been converted into profits. The net profit margin is among the most important metrics and the most widely used.
Net profit margin is calculated by dividing the net profits by net sales, or by dividing the net income by revenue earned over a given period. This is the company's bottom line after all other costs, such as taxes and one-time expenses, have been subtracted from revenue.
π¬ Profit margins are used by creditors, investors and businesses to ascertain a company's financial health, management skill and growth potential. While comparing two or more stocks to identify the better one, investors often look for the respective companies' profit margins.
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