DMart reports a consolidated net profit of Rs 7.74 billion for the first quarter of 2024 versus Rs 6.59 billion a year earlier
India’s Avenue Supermarts, the operator of the DMart retail store chain, posted a 17.5 per cent rise in first-quarter net profit.
It reported a consolidated net profit of Rs 7.74 billion (92.68 million USD) for the three months ended June 30 versus Rs 6.59 billion a year earlier. Its revenue grew 18.5 per cent to Rs 140.69 billion.
DMart has more than 350 stores in India. Its supermarkets offer a wide range of items from food to footwear and home appliances. It competes with Reliance Industries’ retail unit, ecommerce companies such as Amazon and many mom-and-pop stores across India.
