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- Avenue Supermarts Ltd Q2 Results, DMart Reports 5.77% Hike In Consolidated Net Profit At Rs 659.58 Crore
Mumbai58 minutes ago
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Avenue Supermarts, the company operating the retail chain Dmart, has increased its consolidated net profit to Rs 659.58 crore in the second quarter of the financial year 2024-25. There has been an increase of 5.77% on annual basis. In the same quarter last year, the company had registered a net profit of Rs 623.56 crore.
The company has registered a consolidated revenue of Rs 14,444.50 crore in the July-September quarter. There has been an increase of 14.4% on annual basis. A year ago i.e. in July-September 2023, the company had earned Rs 12,624.37 crore. The company has released the results for the second quarter of financial year 2025 today on Saturday (October 12).
Profit decreased by 14.74% on quarterly basis
- The company had registered a profit of Rs 773 crore in the April-June quarter (Q1FY25).
- The company's net profit has declined by 14.74% in the July-September quarter as compared to April-June.
- During this period the company's revenue has increased by 2.66%. It was ₹14,069 crore in Q1FY25.
DMart's profit increases by 5.77% in Q2 FY25
on an annual basis
| dmart | FY25 (July-September) | FY24 (July-September) | Change (%) |
| operational revenue | ₹14,444 | ₹12,624 | +14.4, |
| other income | ₹33 | ₹36 | -8.33, |
| total income | ₹14,478 | ₹12,661 | +14.35, |
| total expense | ₹13,574 | ₹11,809 | +14.94, |
| net profit | ₹659 | ₹623 | +5.77, |
Note – Figures in crores of rupees…
Dmart's net profit decreased by 14.7% on quarterly basis
| dmart | FY25 (July-September) | FY25 (April-June) | Change (%) |
| operational revenue | ₹14,444 | ₹14,069 | +2.66, |
| other income | ₹33 | ₹41 | -19.51, |
| total income | ₹14,478 | ₹14,110 | +2.60, |
| total expense | ₹13,574 | ₹13,056 | +3.96, |
| net profit | ₹659 | ₹773 | -14.74, |
Note – Figures in crores of rupees…
DMart gave a return of 18.31% in one year
Avenue Supermarts stock has fallen 4.09% in the last 6 months and its stock has given a return of 18.31% in one year. If we talk about this year only i.e. from January 1 till now, the company has given a return of 12.43%. The market cap of the company is Rs 2.97 lakh crore.
On October 11, the last trading day of the week, shares of Avenue Supermarts fell 0.81% and closed at Rs 4,570.
Damani is the founder of supermarket chain Dmart.
Radhakishan Damani is the founder of supermarket chain Dmart. He started DMart in 2002 from Powai area of Mumbai. Here he opened the first store of DMart. In 1999, Damani had started a franchise of 'Apna Bazaar' in Nerul, New Mumbai, but he did not know the model.
Dimart debuted in the stock market in 2017
The DMart supermarket chain is operated by Avenue Supermarts Limited (ASL). The CEO of Avenue Supermarts is Neville Noronha. 68-year-old Radhakishan Damani's company Dimart had debuted in the stock market in 2017.
D-Mart was listed in the stock market on 21 March 2017, on that day the company market cap was Rs 39,988 crore. Now it has crossed Rs 3 lakh crore.
