D-Mart Q2 profit rises twofold to Rs 417 cr

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported a twofold increase in its consolidated net profit to Rs 417.76 crore for the second quarter ended September 2021.

The company had posted a net profit of Rs 198.53 crore in the July-October quarter a year ago, Avenue Supermarts said in a BSE filing.

Its revenue from operations was up 46.79 percent to Rs 7,788.94 crore during the quarter under review as against Rs 5,306.20 crore in the corresponding quarter of the last fiscal.

Total expenses were at Rs 7,248.74 crore, up 43.63 percent in the second quarter of 2021-22 as against Rs 5,046.69 crore of the year-ago quarter.

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