DMart, operated by Mumbai-based Avenue Supermarts, disclosed a standalone revenue of Rs 13,247.33 crore for the quarter ending 31 December 2023, marking a 17.19 per cent surge from the previous year’s Rs 11,304.58 crore.
Comparatively, this revenue figure surpasses both the Rs 9,065.02 crore reported in the same quarter of 2021 and the Rs 7,432.69 crore in the corresponding period of 2020. Known for its national supermarket chain, D-Mart provides customers with an array of home and personal products under one roof.
Despite this revenue growth, the company experienced a 9.07 per cent decline in consolidated net profit, which dropped to Rs 623.56 crore in Q2 FY24 from Rs 685.77 crore in Q2 FY23.
However, the revenue from operations saw a notable 18.67 per cent increase, reaching Rs 12,624.37 crore in the quarter ending 30 September 2023.
