IANS | 15 Jan, 2024
Avenue Supermarts, which operates the D-Mart retail chain, on
Saturday reported a 17.09 per cent increase in consolidated net profit
at Rs 690.41 crore for the October-December quarter of the current
financial year. The company had made a net profit of Rs 589.64 crore in
the same quarter last year.
Avenue Supermarts reported a 17.31 per
cent year-on-year (YoY) rise in consolidated revenue from operations at
Rs 13,572.47 crore, as against Rs 11,569.05 crore in the December 2022
quarter.
Earnings before Interest, Tax, Depreciation and
Amortization (EBITDA) in Q3FY24 stood at Rs 1,120 crore up from Rs 965
crore in the corresponding quarter last year.
EBITDA margin stood at 8.3 percent in Q3FY24 as compared to 8.3 per cent in Q3FY23.
"This
time the festive season sales were lower than expected in non-FMCG.
Within FMCG, agri-staples (ex-edible oil) are going through
significantly high inflation," said Neville Noronha, the company's CEO
& Managing Director.
The total number of the company's stores as of December 31, 2023, stood at 341.
Avenue
Supermarts' stock closed at a price of Rs 3,843 apiece on the National
Stock Exchange on Friday, up 0.57 per cent over the previous day.
