Avenue Supermarts, the company operating the retail chain Dmart, has increased its consolidated net profit to Rs 659.58 crore in the second quarter of the financial year 2024-25. There has been an increase of 5.77% on annual basis. In the same quarter last year, the company had registered a net profit of Rs 623.56 crore.
The company has registered a consolidated revenue of Rs 14,444.50 crore in the July-September quarter. There has been an increase of 14.4% on annual basis. A year ago i.e. in July-September 2023, the company had earned Rs 12,624.37 crore. The company has released the results for the second quarter of financial year 2025 today on Saturday (October 12).
DMart gave a return of 18.31% in one year Avenue Supermarts stock has fallen 4.09% in the last 6 months and its stock has given a return of 18.31% in one year. If we talk about this year only i.e. from January 1 till now, the company has given a return of 12.43%. The market cap of the company is Rs 2.97 lakh crore.
On October 11, the last trading day of the week, shares of Avenue Supermarts fell 0.81% and closed at Rs 4,570.
Damani is the founder of supermarket chain Dmart. Radhakishan Damani is the founder of supermarket chain Dmart. He started DMart in 2002 from Powai area of Mumbai. Here he opened the first store of DMart. In 1999, Damani had started a franchise of 'Apna Bazaar' in Nerul, New Mumbai, but he did not know the model.
Dimart debuted in the stock market in 2017 The DMart supermarket chain is operated by Avenue Supermarts Limited (ASL). The CEO of Avenue Supermarts is Neville Noronha. 68-year-old Radhakishan Damani's company Dimart had debuted in the stock market in 2017.
D-Mart was listed in the stock market on 21 March 2017, on that day the company market cap was Rs 39,988 crore. Now it has crossed Rs 3 lakh crore.
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