DMart's revenue jumps by 18.5% YoY to ₹12,308 crore in Q2 | Mint
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Business News/ Companies / Company Results/  DMart's revenue jumps by 18.5% YoY to 12,308 crore in Q2

DMart's revenue jumps by 18.5% YoY to ₹12,308 crore in Q2

DMart's revenue from operation increased by 18.5% to Rs12,308 crore in Q2FY24 against ₹10,384.66 crore during the same quarte a year ago.

DMart revenue jumped by 18.5 per cent to ₹12,307.72 crore in Q2Premium
DMart revenue jumped by 18.5 per cent to 12,307.72 crore in Q2

Owner of DMart retail chain, Avenue Supermarts Ltd, reported an 18.5% rise in its standalone revenue from operations

Avenue Supermarts Ltd, which owns and operates retail chain DMart, on Wednesday reported an 18.51 per cent 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 per cent 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 per cent 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 per cent 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. 

The company is promoted by Radhakishan Damani and his family and focuses on selling basic home and personal products across markets including Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.

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Published: 03 Oct 2023, 07:10 PM IST
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