D-Mart’s Q3 profit up 16.4 pc at Rs 447 cr

New Delhi: Its revenue from operations was up 10.77 per cent at Rs 7,542 crore during the quarter under review as against Rs 6,808.93 crore in the corresponding quarter last fiscal.

Avenue Supermarts’ total expenses were at Rs 6,977.88 crore as against Rs 6,325.03 crore, up 10.32 per cent.

While on the standalone basis, Avenue Supermarts’ net profit was up 19.27 per cent at Rs 470.25 crore as against Rs 394.26 crore of the Q3/FY 2019-20.

Its standalone revenue during the quarter was at Rs 7,432.69 crore.

Commenting on the results, Avenue Supermarts CEO & Managing Director Neville Noronha said there is further improvement in company’s business and financial metrics during this quarter helped by festive sales.

“Our overall sales and sales mix are now trending very close to our usual times except for specific customer consumption changes post COVID-19. Apparel, laundry, footwear, travel and such relevant out of home usage categories are taking more time to recover,” he added.

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