Avenue Supermarts surges 6% after reporting strong numbers for June quarter

The company reported a 32 per cent YoY jump in its consolidated net profit at Rs 323 crore in Q1FY20.

Shares of Avenue Supermarts -- the company which owns and operates D-Mart stores -- gained 6.5 per cent to Rs 1,444 on the BSE on Monday in the early morning trade after the company reported a strong set of numbers for June quarter (Q1FY20) led by store addition and improvement in gross margin.

D-Mart reported a 32 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 323 crore in Q1FY20. Total revenue grew 27 per cent to Rs 5,815 crore on YoY basis.

Ebitda (earnings before interest, taxes, depreciation, and amortisation) margin improved 110 basis