IANS | 05 May, 2024
Avenue Supermarts, operator of the DMart retail chain, on Saturday,
announced a consolidated net profit at Rs 563 crore for the
January-March quarter of 2023-24 which represents a 22.4 per cent jump
over the corresponding figure of Rs 460 crore for the same quarter of
2022-23.
The company's total revenue rose by 20 per cent to Rs
12,727 crore during the fourth quarter from Rs 10,594 crore in the same
period last year, according to a filing with the stock exchanges.
Earnings
before interest, tax, depreciation and amortization (EBIDTA) for the
quarter was at Rs 944 crore growing by 22.3 per cent. EBITDA margin was
at 7.4 per cent.
DMart opened 41 new stores during the year taking the total store count to 365.
"Q4
FY 2024 saw continued uptick in the contribution from General
Merchandise and Apparel," Neville Noronha, CEO & Managing Director
said in a statement.
"Our e-commerce business commenced operations
in one new city (Gurugram) during the year while continuing to deepen
its presence in existing cities. We are now present across 23 cities in
India," he added.
