DMart net profit surges 48% to Rs 333 crore for September quarter

Ebitda at Rs 515 crore was also below Street estimates of Rs 527 crore.

Avenue Supermarts, which runs the DMart chain of stores, reported a nearly 48 per cent year-on-year increase in net profit for the quarter ended September 30, (Q2) to Rs 333 crore, as it gained from lower corporation tax rates that came into effect last month.

But the retailer’s top line, while growing 22 per cent year-on-year for the quarter to Rs 5,949 crore, was below Street estimates, which had pegged the number at Rs 6,009 crore. 

Earnings before interest tax depreciation and amortisation (Ebitda) at Rs 515 crore for the three months ended September 30 was also below Street estimates of Rs