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India: DMart's revenue jumps almost 20% in Q2 YoY

Discount Retail Chain DMart (owned by Indian Avenue Supermarts Ltd) reported an 18.51% increase in its standalone revenue from operations to ₹12,307.72 crore against ₹10,384.66 crore in a year ago period.


The company shares closed 1.31% higher at ₹3722.50 per share on BSE on Tuesday.

Avenue Supermats had registered a revenue from operations of ₹7,649.64 crore in the July-September quarter in FY22, Avenue Supermarts informed BSE in a regulatory filing.


"Standalone Revenue from operations for the quarter ended September 30, 2023, stood at ₹12,307.72 crore," said Avenue Supermarts in the regulatory filing while sharing the company's update at the end of the quarter.


Share value of the retail supermarket chain has fallen by 8.63% YTD. Moreover, its value dropped by 15.89 per year in last one year. Currently the company is operating around 336 DMart stores in India, as on September 30, 2023. In the July-September quarter of FY22, Avenue Supermarts' standalone revenue stood at ₹7,649.64 crore.


In its June quarter, the company reported just a 2.3% year-on year rise in its net profit to ₹695.36 crore, versus ₹680 crore in the year-ago period. Last quarter, the company managed to improve its net profit by 43 per cent sequentially from ₹460.10 crore in March quarter of FY23. However, the company reported an 18% YoY growth in its revenue in June quarter. In June quarter its revenue stood at ₹11,584.40 crore versus ₹10,038.07 crore a year ago.


Source: Mint






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