Dischem (DCP) 1H23 Results Snapshot

Diluted HEPS expanded to 70.2cps (+44.1% y-y).
Turnover growth +9.3% y-y, supported by good growth in both Retail (+9.3% y-y) and Wholesale (+10.6%).
Group GPM increased by 164bps to 23.5%.
Expenses to sales increased to 25.6% compared to 23.2% LY.
OPM improved by 108bps to 6.2%.
Dividend of 28.1 cps declared.