 "DMart")
After two quarters of double digit revenue decline, Avenue Supermarts returned to the growth trajectory posting better than expected performance in the December quarter. Led by festival-led sales in October and November, the company posted a 10 per cent growth in Q3 over the year ago quarter.
While the company indicated that overall sales and mix are moving towards the pre-Covid levels, the December month was a disappointment with same store sales declining 4 per cent for stores two years and older. About three fourths of its 221 stores have been in operation for more than two years.
The company
