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Avenue Supermarts Q4 profit rises 42 pc to Rs 271 cr

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported 41.60 per cent rise in consolidated net profit at Rs 271.28 crore for the fourth quarter ended March 31, 2020. The company had a net profit of Rs 191.57 crore in January-March a year ago, Avenue Supermarts said in a BSE filing. Revenue from operations was up 23.59 per cent to Rs 6,255.93 crore during the quarter under review as against Rs 5,061.65 crore in the year-ago period. Total expenses were at Rs 5,957.53 crore as against Rs 4,767.21 crore, up 24.96 per cent. The company s overall revenue grew 23 per cent during the latest quarter. However, during March, it grew just 11 per cent over the year-ago month due to lockdown, Avenue Supermarts said in a post earnings statement. The trend rapidly deteriorated in April during which more than half of our stores remained closed for operations or operated for extremely restricted hours, it added. In 2019-20,Avenue Supermarts logged a profit of Rs ...


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