Investor Presentaiton
Retail: Q3 2023/24
Supermarket business
Q3 Earnings Update:
John
Keells
Group
Key performance
2022/23
2023/24
indicators (%)
(Rs. mn)
Q3
Q4
Q1
Q2
Q3
Q3
2023/24
Q3
2022/23
Same store sales
EBITDA
2,390
2,320
40.6
30.1
22.8
10.4
10.7
growth
Same store footfall
11.1
0.1
14.8
10.6
15.7
growth
Average basket
26.5
30.0
7.0
(0.2)
(4.3)
value growth
EBITDA
1,987
1,986
1,740
1,750
1,997
(Rs. Million)
EBITDA margin
7.7
7.9
6.3
6.4
6.9
One outlet opened during the quarter, increasing the total outlet footprint as at
31 December 2023 to 133 outlets.
The Supermarket business recorded a strong
performance in revenue during the quarter,
with same store sales recording an
encouraging growth of 11%, driven by
growth in customer footfall of 16%.
The increase in revenue, supported the
EBITDA performance, together with the
benefits accruing from various productivity
and cost efficiency initiatives and supplier
negotiations.
The growth in revenue and higher
contribution to EBITDA was, however, offset
to a large extent on account of the significant
escalation in electricity costs in comparison
to Q3 2022/23.
The Office Automation business recorded an
increase in mobile phone sales volumes.
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