Shares of Avenue Supermarts, which owns and operates the DMart stores, hit a two-year high of ₹4,710.15 as they surged nearly 6 per cent on the BSE in Thursday's intraday trade after reporting strong revenue growth in the January-March quarter (Q4) of the previous financial year (FY24).
DMart, in the Q4FY24 pre-quarter update, said the company reported 20 per cent growth in standalone revenue from operations at 12,393 crore, as against 10,337 crore in the third quarter (Q3) of 2022-23 (FY23), driven by a 7 per cent growth in revenue per store and a robust 13 per cent year-on-year (Y-0-Y) increase in store additions.
In Q3 of 2021-22, the company reported revenue of ₹8,606 crore and in Q3 of 202021, it posted revenue of ₹7,303 crore.
This story is from the April 05, 2024 edition of Business Standard.
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This story is from the April 05, 2024 edition of Business Standard.
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