Avenue Supermarts net up 73 per cent in Q4

The company's total revenue for the financial year 2017-18 stood at Rs 150.09 billion, compared to Rs 118.81 billion for 2016-17

Avenue Supermarts, the operator of D-Mart stores, on Saturday said its net profit grew 72.9 per cent to Rs 1.67 billion for the quarter ended March 2018, from Rs 0.97 billion in the corresponding period of the previous financial year.

Total revenue for the fourth quarter of FY18 stood at Rs 38.10 billion, compared to Rs 31.11 billion in the same period a year ago. Its earnings before interest, taxes, depreciation and amortisation (EBITDA) margin improved from 6.7 per cent in the fourth quarter of 2016-17 to 7.7 per cent in Q4 of 2017-18, the company said.

The company’s total revenue for