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DMart posts steady Q3 profit growth as store expansion drives revenue
Avenue Supermarts reported an 18% rise in Q3 net profit with revenue growth driven by new store additions and stable demand across key consumption categories.
Avenue Supermarts reported a net profit of Rs 855.9 crore for the December quarter, marking an 18.3% year on year increase, supported by continued store additions and stable demand. Revenue rose 13.3% to Rs 18,100.9 crore, reflecting higher footfalls and contribution from new outlets. Operating margins remained largely stable despite cost pressures linked to logistics and wages.