Avenue Supermarts' Q2 net profit up 18.3% at Rs 2.26 billion YoY

The company added three stores during the quarter

Avenue Supermarts, which operates food and grocery retail chain D-Mart, has posted an 18.3 per cent year-on-year (YoY) rise in net profit for the second quarter of the current fiscal year at Rs 2.26 billion, on the back of a 39 per cent rise in total revenue.

The revenue from operations rose by 39 per cent to Rs 48.72 billion, as against Rs 35 billion in the corresponding quarter last fiscal. 

Ebitda stood at Rs 3.9 billion, up 22.6 per cent YoY. Net profit for the quarter was Rs 2.26 billion compared to Rs 1.9 billion in the corresponding quarter last year.