DMart Q1 results: Net profit soars 132 percent to Rs115 cr, revenue rises 31 percent - GrowMudra

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DMart Q1 results: Net profit soars 132 percent to Rs115 cr, revenue rises 31 percent

10 Jul , 2021 By : Kanchan Joshi

DMart Q1 results: Net profit soars 132 percent to Rs115 cr, revenue rises 31 percent

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart on Saturday reported a jump of 132% standalone net profit at Rs115.13 crore for the quarter ended 30 June, 2021. The company posted a net profit of Rs50 crore in the year-ago period.

D-Mart said its standalone revenue from operations rose 31.27 per cent to Rs5,031.75 crore for the quarter ended June 30.

The company had revenue from operations of Rs3,833.23 crore in the April-June quarter a year ago, Avenue Supermarts informed the BSE in a regulatory filing.

Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said: “Q1FY22 saw a much stronger second wave of Covid-19 restrictions. We lost significantly more days or had higher restriction on number of hours of store operations compared to the same period last year.

Shares of Avenue Supermarts Ltd on Friday settled at Rs3,313.30 apiece on the BSE, up 0.04 per cent from their previous close.

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