Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, on Saturday reported a rise of seven.81% in consolidated net profit to ₹460.10 crore for the fourth quarter ended March 31, 2023.
The firm had posted a net profit of ₹426.75 crore within the January-March quarter a yr earlier, Avenue Supermarts mentioned in a BSE submitting.
Revenue from operations was up 20.57% to ₹10,594.11 crore throughout the quarter beneath overview as towards ₹8,786.45 crore within the corresponding quarter final fiscal. Avenue Supermarts’ complete bills have been at ₹10,002.21 crore, up 21.82% in Q4 of FY23, as towards ₹8,210.13 crore within the corresponding quarter.
Total revenue of Avenue Supermarts within the March quarter was at ₹10,627.18 crore, up 20.5%.
For the fiscal yr ended March 2023, Avenue Supermarts’ net profit was up 59.36% at ₹2,378.34 crore. It had reported a net profit of ₹1,492.40 crore within the earlier fiscal. Its consolidated income from operations was at ₹42,839.56 crore in FY23, 38.3% greater than the earlier fiscal yr.
The complete variety of D-Mart shops as of March 31, 2023, stood at 324.
Promoted by Radhakishan Damani and his household, DMart retails primary residence and private merchandise throughout markets which embrace Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.
Headquartered in Mumbai, ASL additionally operates a web-based gross sales channel DMart Ready, which delivers items to doorsteps in chosen cities.
