Avenue Supermarts Limited Reports Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2017
July 22, 2017 at 07:01 am
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Avenue Supermarts Limited reported unaudited standalone earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported total income of INR 36,209.572 million against INR 26,572.710 million a year ago. Profit before tax was INR 2,680.202 million against INR 1,827.860 million a year ago. Net profit for the period was INR 1,747.757 million or INR 2.79 per diluted share against INR 1,184.453 million or INR 2.11 per diluted share a year ago. EBITDA was INR 3,030 million.
Avenue Supermarts Limited is an India-based company, which is engaged in the business of organized retail and operating supermarkets under the D-Mart brand name. DMart is a supermarket chain that offers customers a range of products with a focus on the foods, non-foods fast-moving consumer goods (FMCG) and general merchandise and apparel product categories. Each DMart store stocks home utility products, including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and others. The Company offers its products under various categories, such as bed and bath, dairy and frozen, fruits and vegetables, crockery, toys and games, kidsâ apparel, ladiesâ garments, apparel for men, home and personal care, daily essentials, grocery, and staples. DMart operates approximately 324 stores and has a presence across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, and Chhattisgarh.