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General merchandise and apparel growth key for DMart's margin gains

The retailer's revenues in Q2 were lower than estimates

Topics
Avenue Supermarts | D-Mart | Stock Market

Ram Prasad Sahu 



DMart
A DMart store in Mumbai. (Photo: Bloomberg)

The stock of (DMart), was up 1.2 per cent in trade after its quarter two for the 2022-23 financial year (Q2FY23) update indicated a 36 per cent year-on-year (YoY) increase in revenues. The country’s largest listed retailer by market capitalisation posted revenues of Rs 10,384 crore. This was up 74 per cent as compared to pre-Covid-19 period (Q2FY20). Over a three-year period, growth has compounded annually, at 20 per cent.

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First Published: Tue, October 04 2022. 20:59 IST

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