DMart added 5 stores taking the total count to 341 operating stores | Image:DMart
DMart Q3 results: Billionaire Radhakishan Damani-backed Avenue Supermarts, which operates departmental store chain DMart, on Saturday reported consolidated net profit of Rs 691 crore for third quarter of current financial year, marking an upside of 17.3 per cent from Rs 590 crore during the same period last year.
DMart’s revenue from operations rose 17 per cent to Rs 13,572 crore as against Rs 11,569 crore in year ago period.
On the operations front, the Mumbai-based company posted earnings before interest, taxes, depreciation, and amortisation (EBITDA) also known as operating profit rose 16 per cent to Rs 1,120 crore versus 965 crore in the same period last year. However, its operating profit margin dipped 9 basis points to 8.25 per cent from 8.34 per cent in December quarter of last year.
The company added 5 stores taking the total count to 341 operating…
