Avenue Supermarts net profit rises 16% to Rs 447 crore, revenue grows to Rs 7,542 crore

Avenue Supermarts net profit rises 16% to Rs 447 crore, revenue grows to Rs 7,542 crore
Revenue for the period grew to Rs 7,542 crore, 11 per cent higher than Rs 6,808.93 crore registered in the corresponding quarter last fiscal. Profit after Tax (PAT) margin stood at 5.9 per cent in Q3FY21
BusinessToday.In | January 9, 2021 | Updated 19:40 IST
Avenue Supermarts, the parent company of supermarket chain DMart, reported a 16 per cent rise in consolidated net profit for the quarter ended December 31, 2020. The Mumbai-based company posted Rs 447 crore net profit during the quarter under review, as opposed to Rs 384 crore in the year-ago period.
Revenue for the period grew to Rs 7,542 crore, 11 per cent higher than Rs 6,808.93 crore registered in the corresponding quarter last fiscal. Profit after Tax (PAT) margin stood at 5.9 per cent in Q3FY21 as compared to 5.6 per cent in Q3FY20.

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