DMart Q2 Results Preview: Avenue Supermarts to clock double-digit revenue growth on grocery sales
DMart Q2 Results Preview: Avenue Supermarts, which operates DMart supermarket retail chain, is expected to report softer numbers for net profit in the July-September quarter for fiscal 2023-24 (Q2FY24) on October 14, due to poor operational performance and sector-wise slowdown. Earlier this month, billionaire Radhakrishan Dhamani-backed company's standalone revenue from operations rose 18.5 per cent to ₹12,308 crore in the second quarter of current fiscal.
The company added nine stores during the quarter-under-review, taking the total number of stories to 336 during the quarter ended September 30. Avenue Supermarts had registered a revenue from operations of ₹7,649.64 crore in the July-September quarter in the previous fiscal 2022-23, said the company in a regulatory filing to the stock exchanges.
"Standalone Revenue from operations for the quarter ended September 30, 2023, stood at ₹12,307.72 crore," said Avenue Supermarts in the regulatory filing while sharing the company's update at the end of the quarter. "Exciting news! Mint is now on WhatsApp Channels
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