Aditya Vision Q3 Results Review - Continues To Grow Head Of Guidance: Systematix

Fund raise to provide long-term growth capital.

Staff showing washing machines to a customer inside Aditya Vision store. (Source: Company Website)

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Systematix Report

Aditya Vision Ltd.'s reported strong revenue growth of 30% with Ebitda growth of 20% with margins impacted somewhat by employee stock ownership plan expenses and a slightly inferior product mix.

Revenue growth was led by 14% same-store sales growth, 42% increase in store count and 36% increase in retail footprint. Ebitda margin contracted 87 basis points to 10.5% led by increase in employee cost (Rs 20 million ESOP impact) and other expenses.

Profit after tax grew 13.6% lower than revenue and Ebitda growth due to increase in depreciation costs on account of new store openings and higher tax.

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Systematix Aditya Vision Ltd Q3 FY24 Results Review.pdf
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Also Read: Britannia Industries Q3 Results Review - Volumes To Improve; Current Margins Near Peak: Yes Securities

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