Avenue Supermarts net up 65%

The company's revenues went up 26% at Rs 3,508.26 cr in Q2 FY18 as compared to Rs 2,778.73 cr in Q2 FY17

Avenue Supermarts, which runs D-Mart stores, on Saturday posted a 65 per cent jump in its net profit for the second quarter of the current financial year, due to fall in interest charges and growth in revenues.

The company posted a net profit of Rs 191.02 crore in Q2 FY18 as compared to Rs 115.64 crore in Q2 FY17.

The company’s revenues went up 26 per cent at Rs 3,508.26 crore in Q2 FY18 as compared to Rs 2,778.73 crore in Q2 FY17.

Its finance costs went down by 65 per cent at Rs 10.93 crore in Q2 FY18 as compared to Rs