Avenue Supermarts sees 5.8% profit growth at Rs 660 crore in Q2, revenue rises 14.4% YoY

The company also reported a robust revenue growth of 14.4 percent, reaching Rs 14,444.50 crore, up from Rs 12,624.37 crore in the previous year.

Rakesh Damani-led Avenue Supermarts (DMart) has announced its financial results for the second quarter, showcasing robust growth across key metrics. The company's net profit rose by 5.8 percent, reaching Rs 659.6 crore, compared to Rs 623.6 crore in the same period last year.

Revenue for the quarter increased by 14.4 percent, totaling Rs 14,444.5 crore, up from Rs 12,624.4 crore year-on-year. The company also reported a significant rise in earnings before interest, taxes, depreciation, and amortization (EBITDA), which surged by 29.3 percent to Rs 1,093.8 crore, compared to Rs 846 crore in the previous year.

Avenue Supermarts' margin improved to 7.6 percent, up from 6.7 percent year-on-year.