DMart’s own-source revenue grows 95% YoY in Q1FY23

The total number of DMart stores as of June 30, 2022 was 294.

Avenue Supermarts (DMart) reported standalone revenue of Rs 9,806.89 crore in the first quarter of 2022 (Q1FY23), up 94.90% from Rs 5,031.75 crore reported in the same quarter last year. last year.

The revenue is above Rs 3,833.23 crore reported in the first quarter of June 2020 and Rs 5,780.53 crore in the first quarter of June 2019.

The Avenue Supermarts Board of Directors will review the first quarter results on July 9, 2022.

DMart recorded a 3.13% increase in consolidated net profit to Rs 426.83 crore on an 18.55% increase in operating income to Rs 8,786.45 crore in Q4 FY22 compared to Q4 FY21.

Avenue Supermarts is a Mumbai-based company, which owns and operates D-Mart stores. D-Mart is a national supermarket chain that offers its customers a range of household and personal products under one roof. As of March 31, 2022, the company had 284 stores in operation with a retail area of ​​11.5 million square feet in Maharashtra, Gujarat, Daman, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR, Chhattisgarh and Punjab.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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