DMart Q3 update: Standalone revenue at Rs 9,065 crore

DMart, the Radhakishan Damani promoted retail chain, has reported a standalone revenue of Rs 9,065 crore for the quarter ending December, 2021 (Q3FY22) as against from Rs 7,432.69 crore reported in the same quarter last year. In a company update filing with BSE, DMart, one of the largest retail chains in India also said that the total number of stores as of December 31, 2021 stood at 263. On Friday, DMart shares closed 0.55% to close at Rs 4,665 apiece on NSE.

In Q2, Avenue Supermarts Ltd, which owns and operates retail chain DMart on Saturday had reported a jump of 113.2% standalone net profit at Rs 448.90 crore for the quarter ended 30 September 2021. The company had posted a net profit of Rs 210.20 crore in the year-ago period.

Consolidated revenue for the quarter climbed 46.79 per cent YoY to Rs 7,789 crore from Rs 5,306 crore in the same period last year.