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DMart s consolidate Q3 net profit up 17% at Rs690 cr

Avenue Supermarts Ltd (ASL), which runs the DMart retail chain, has reported a consolidated net profit of Rs690 crore for fiscal third quarter ended 31 December 2023

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DMart s first priority grocery, says CEO Neville Noronha - Industry News

DMart s first priority grocery, says CEO Neville Noronha - Industry News
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Avenue Supermarts Q3: D-Mart operator s net profit rises 17% to Rs 690 crore, revenue up 17 3%

The company also reported in its quarterly business update that the total number of stores as of December 31, 2023, stood at 341.

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Dmart: Avenue Supermarts net profit rises 17% to Rs 690 41 crore in Q3 FY24, ET Retail

DMart s total revenue for the quarter ended December 31, 2023 rose to Rs 13,572 crore, as compared to Rs 11,569 crore in the same period last year. Neville Noronha, CEO and managing director, Avenue Supermarts Limited, said, “Contribution from general merchandise and apparel has stabilized and trends are encouraging post-Diwali. This time the festive season sales were lower than expected in Non-FMCG. Within FMCG, agri-staples (ex-edible oil) are going through significantly high inflation."

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DMart Q3 results: DMart Q3 results: Consol PAT up 17% YoY to Rs 691 crore, revenue sees similar growth

Earnings before interest, taxes, depreciation and amortization or EBITDA during the quarter grew by 16% YoY to Rs 1,119.89 crore. However, operating margin dipped marginally to 8.25% from 8.34% a year ago.

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