Avenue Supermarts Sees 18.5% YoY Growth in Q2 Revenue

4 Oct 2023 , 10:56 AM

Avenue Supermarts shares opened 2% higher on October 4 after reporting an 18.5% YoY growth in Q2 standalone revenue at Rs 12,308 crore. Q2 update indicates no throughput recovery yet; revenue affected by inferior product mix. Avenue Supermarts added nine stores during the quarter, primarily in smaller towns, totaling 336 stores as of September 30.

In Q1, the company reported an 18.20% YoY rise in revenue from operations at Rs 11,865 crore and a 2.48% YoY increase in net profit to Rs 659 crore. Operating profit margins for Q1 contracted by 100 basis points YoY to 9%.

Avenue Supermarts, operating D-Mart, offers a wide range of products at competitive prices in various categories like FMCG, apparel, electronics, all under one roof.

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