DMart Q3 Results: Avenue Supermarts net profit rises 17% to ₹691 crore, revenue up 17% YoY

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DMart Q3 Results: Ace investor Radhakishan Damani-backed Avenue Supermarts which operates the retail chain DMart, announced its October-December quarter results for fiscal 2023-24 (Q3FY24), reporting a rise of 17 per cent in its consolidated net profit at 690.61 crore, compared to 589.68 crore in the year-ago period..

The hypermarket chain operator reported a 17.31 per cent rise in consolidated revenue from operations at 13,572.47 crore, compared to 11,569.05 crore in the corresponding period last year..

Avenue Supermarts' earnings before interest, tax, depreciation and amortization (EBITDA) in Q3FY24 stood at 1,120 crore, compared to 965 crore in the corresponding quarter last year..

The total expenses during the quarter, including finance cost, was 12,656.46 crore, compared to 10,789 crore in the year ago period..

We ended Q3 FY 2024 with a revenue growth of 17.2 per cent as compared to the corresponding quarter of last year..

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