Avenue Supermarts, which operates the retail chain of DMart, on Saturday announced that its standalone Q3 revenue jumped 17.5% year-on-year (YoY) to Rs 15,565 crore while profit rose 6.5% YoY to Rs 785 crore. The retailer’s EBITDA margin fell to 7.9% in Q3FY25 as compared to 8.5% in Q3FY24 while the PAT margin also decreased … Read more
Shares of Avenue Supermarts-operated DMart tumbled 5% to their day’s low of Rs 4,701.90 after the company reported 14% growth in its standalone revenues at Rs 14,050 crore for the second quarter and added a net of 6 stores. The total number of stores at the end of September 2024 stood at 377. The Radhakishan … Read more
The Indian market closed in the green on Friday for the third consecutive day. The S&P BSE Sensex rallied by more than 300 points while the Nifty50 closed above 16,200 levels. Sectorally, buying was seen in capital goods, power, utilities, and industrials, while some profit booking was visible in metals, and telecom stocks. Stocks that … Read more