Radhakishan Damani-owned Avenue Supermarts, which runs the DMart chain of retail stores, today reported 8.33% YoY rise in March quarter standalone net profit at Rs 505.21 crore. The company’s revenue jumped 21.11% YoY to Rs 10,337.12 crore. While the topline was in-line with analyst estimates, as shown in an ET Now poll, PAT came in … Read more
Radhakishan Damani-owned ’ revenue growth slowed down on a sequential basis in the quarter ended December, even though the company posted a double-digit rise in the topline. The company, which operates D-Mart chain of supermarkets, saw revenue rising 25% year on year (YoY) in the period of October-December to Rs 11,305 crore, according to the … Read more
The Indian markets pared intraday gains on Friday and closed over 1 per cent higher. The S&P BSE Sensex rose nearly 700 points, while the Nifty50 closed just below 17,200. Sectorally, buying was seen in IT, banks, capital goods, and consumer durables, while selling was visible in power, utilities, oil & gas, and energy space. … Read more