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In its second quarterly earnings since listing, Avenue Supermarts, the operator of D-Mart stores, posted a 48 per cent jump in its net profit for the first quarter of the current financial year at Rs 175 crore on the back of strong sales growth.
The company’s total revenue rose 36 per cent to Rs 3,598 crore in Q1FY18.
However, the company’s EBITDA margins came down to 8.4 per cent in Q1FY18 from 8.8 per cent in Q1FY17.
Avenue Supermarts’s earnings before interest, tax, depreciation and amortisation (EBITDA) in Q1 FY18 stood at Rs 303 crore, up 29.2 compared to Q1FY17.
The organised retail business
