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This Article is From Jan 03, 2023

DMart Q3 Update: Revenue Rises 24.7%

DMart added four stores in Q3 FY23, taking its total store count to 306.

DMart Q3 Update: Revenue Rises 24.7%
A DMart store. (Photo: Vijay Sartape/BQ Prime)

Avenue Supermarts Ltd.'s revenue rose in the third quarter of the fiscal.

Standalone revenue for the operator of DMart retail chain rose 24.7% over the year earlier to Rs 11,304.58 crore in October-December, according to the company's quarterly business update released on the bourses.

Sequentially, it rose 6.3% from Rs 10,638.33 crore.

Compared to pre-Covid levels or Q3 FY20, the revenue of the company rose 67% during the festive quarter.

DMart added four stores in Q3 FY23, taking its total store count to 306.

Shares of Avenue Supermarts closed 0.38% lower on Tuesday as compared with the benchmark Nifty 50's 0.19% gain.

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