Avenue Supermarts Ltd, the company behind the renowned retail chain D-Mart, has disclosed a significant upsurge in its standalone revenue from operations by 19.89 percent, amounting to Rs 12,393.46 crore for the fourth quarter concluding on March 31, 2024. This figure marks a notable rise from the Rs 10,337.12 crore recorded during the same period last year, as indicated by Avenue Supermarts in a recent regulatory filing.
Providing an insight into the financial performance, the company stated, "Standalone Revenue from operations for the quarter ended (QE) March 31, 2024, stood at Rs 12,393.46 crore." Additionally, as of March 31, 2024, the total count of stores under the company's umbrella reached 365. Nevertheless, it's worth noting that the Damani-family led enterprise also cautioned that the "standalone revenue from operations for QE March 31, 2024, given above is subject to audit by the statutory auditors of the company."
Comparing figures from the previous fiscal year, during the January-March quarter of FY2021-22, Avenue Supermarts had reported standalone revenue of Rs 8,606.09 crore. Founded by Radhakishan Damani and family, DMart caters to the retail needs of customers by offering a diverse range of basic home and personal products across various regions such as Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab, and Rajasthan.
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