Hot Pursuit     06-Apr-23
Avenue Supermarts records 20% YoY increase in Q3 turnover
Avenue Supermarts (DMart) said that standalone revenue from operations for the quarter ended (QE) 31 March 2023 stood at Rs 10,337.12 crore, up 20% from Rs 8,606.09 recorded in the corresponding quarter last fiscal.

On a sequential basis, the company's revenue is lower by 9%. Standalone revenue from operations for QE 31 December 2022 was at Rs 11,304.58 crore.

The company's standalone revenue for quarters ended on 31 March 2021 and 31 March 2020 was Rs 7,303.13 crore and Rs 6,193.53 crore, respectively.

The total number of stores as of 31 March 2023 stood at 324. As of 31 December 2022, the company had 306 operating stores.

Avenue Supermarts is a Mumbai-based company, which owns and operates D-Mart stores. D-Mart is a national supermarket chain that offers customers a range of home and personal products under one roof. As of 31 December 2022, the company had 306 operating stores with retail business area of 12.6 million square feet across Maharashtra, Gujarat, Daman, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR, Chhattisgarh and Punjab.

The company reported 6.72% rise in consolidated net profit to Rs 589.68 crore on 25.51% increase in revenue from operations to Rs 11,569.05 crore in Q3 FY23 over Q3 FY22.

The scrip fell 2.88% to currently trade at Rs 3549 on the BSE.

Previous News
  Avenue Supermarts
 ( Results - Analysis 14-Jul-24   07:07 )
  Avenue Supermarts to announce Quarterly Result
 ( Corporate News - 07-Oct-22   10:03 )
  Avenue Supermarts to convene board meeting
 ( Corporate News - 07-Jul-23   10:41 )
  Avenue Supermarts
 ( Results - Analysis 16-Oct-21   19:26 )
  Avenue Supermarts consolidated net profit rises 23.62% in the December 2021 quarter
 ( Results - Announcements 08-Jan-22   16:05 )
  Avenue Supermarts receives affirmation in credit ratings from CRISIL
 ( Corporate News - 16-Feb-22   20:24 )
  Avenue Supermarts to conduct board meeting
 ( Corporate News - 02-Jul-22   09:59 )
  Avenue Supermarts slips after Q2 PAT declines 38% YoY
 ( Hot Pursuit - 19-Oct-20   09:19 )
  Avenue Supermarts consolidated net profit rises 110.42% in the September 2021 quarter
 ( Results - Announcements 16-Oct-21   15:10 )
  Avenue Supermarts standalone net profit rises 65.76% in the December 2017 quarter
 ( Results - Announcements 25-Jan-18   17:11 )
  Avenue Supermarts consolidated net profit rises 17.47% in the June 2024 quarter
 ( Results - Announcements 13-Jul-24   14:54 )
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