DMart Q2 Results: Net profit rises 5.8% to Rs 659.4 crore

DMart Q2 Results: Avenue Supermarts Ltd, which owns and operates the retail concatenation D-Mart, connected Saturday reported a 5.78 per cent summation successful its consolidated nett net to Rs 659.44 crore for the 2nd 4th ended September 2024.

The institution had posted a nett net of Rs 623.35 crore a twelvemonth ago, according to a regulatory filing from Avenue Supermarts.

Its gross from operations roseate 14.41 per cent to Rs 14,444.50 crore during the 4th nether review. It was Rs 12,624.37 crore successful the corresponding 4th of the past fiscal.

Avenue Supermarts' full expenses successful the September 4th accrued 14.94 per cent to Rs 13,574.83 crore.

The full income, which includes different income, surged 14.34 per cent to Rs 14,478.02 crore.

During the quarter, D-Mart opened six caller stores, taking its full number to 377 arsenic of September 30, 2024.

Avenue Supermarts CEO & Managing Director Neville Noronha said: "Overall H1 FY 2025 like-for-like gross maturation was 7.4 per cent for 2 years and older stores. The Q2 FY 2025 like-for-like gross maturation for the aforesaid cohort of stores was astatine 5.5 per cent".

Promoted by Radhakishan Damani and his family, DMart retails basal location and idiosyncratic products crossed markets, including Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh and Daman.