D-Mart’s Q1 Net Profit Rises 17.5% to Rs 774 Crore; Sales Up 18.5% to Rs 14,069 Crore
Avenue Supermarts Ltd, the parent company of retail giant D-Mart, has reported a substantial rise in its financial performance for the first quarter of the current fiscal year. The company’s consolidated net profit surged by 17.45% to Rs 773.68 crore, driven by robust sales in general merchandise and apparel segments.
This performance marks a notable improvement from the same period last year, when Avenue Supermarts recorded a net profit of Rs 658.71 crore. The significant increase highlights the company’s strong market presence and effective business strategies.
Revenue from operations also witnessed a healthy growth, increasing by 18.57% to Rs 14,069.14 crore for the June quarter. This is a significant rise compared to the Rs 11,865.44 crore reported in the corresponding quarter of the previous fiscal year. The impressive revenue growth underscores D-Mart’s continued expansion and its ability to attract and retain a large customer base.
The company’s strong financial performance in the first quarter reflects its strategic focus on expanding its product offerings and enhancing customer experience. With a diverse range of products and competitive pricing, D-Mart has solidified its position as a leading player in the Indian retail sector.
Avenue Supermarts’ robust quarterly results come amidst a competitive retail landscape, demonstrating the company’s resilience and growth potential. The increase in both net profit and revenue is indicative of D-Mart’s successful adaptation to changing market dynamics and consumer preferences.
As D-Mart continues to expand its footprint across India, the company’s focus on operational efficiency and customer satisfaction remains key to its sustained growth and profitability.