Hot Pursuit     03-Jan-24
DMart standalone revenue jumps 17% YoY in Q3 FY24
Avenue Supermarts (DMart) on Tuesday announced that the total number of DMart stores as of 31 December 2023 stood at 341.

DMart has reported a standalone revenue of Rs 13,247.33 crore in quarter ended 31 December 2023, recording a growth of 17.19% from Rs 11,304.58 crore posted in the same period a year ago.

The revenue is higher than Rs 9,065.02 crore reported in the quarter ended 31 December 2021 and Rs 7,432.69 crore registered in the quarter ended 31 December 2020.

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.

The company reported 9.07% decline in consolidated net profit to Rs 623.56 crore in Q2 FY24 as against Rs 685.77 crore posted in Q2 FY23. Revenue from operations jumped 18.67% year on year to Rs 12,624.37 crore in the quarter ended 30 September 2023.

Shares of Avenue Supermarts rose 0.96% to end at Rs 4,105.35 on the BSE.

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