Mumbai, May 4 (IANS) 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.
–IANS
sps/pgh
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
