Avenue Supermarts Ltd, the company that oversees and manages the DMart retail chain, announced on Wednesday that its standalone revenue from operations for the second quarter of this fiscal year increased by 18.51 percent to INR 12,307.72 crore. According to a regulatory filing with the BSE, this compares to INR 10,384.66 crore in revenue from operations for the same period in the previous year.
“Standalone Revenue from operations for the quarter ended September 30, 2023, stood at INR 12,307.72 crore,” said Avenue Supermarts in the regulatory filing while sharing the company’s update at the end of the quarter.
As of September 30, 2023, there were a total of 336 DMart stores in operation.
During the July-September quarter of FY22, Avenue Supermarts recorded standalone revenue of INR 7,649.64 crore.
Founded and backed by Radhakishan Damani and his family, DMart offers a range of essential home and personal products in various markets, encompassing Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab, and Rajasthan.