MUMBAI : Avenue Supermarts Ltd, which owns and operates supermarket chain D-Mart, on Saturday reported 52.56% rise in consolidated net profit at Rs413.87 crore in the March quarter. Consolidated revenue of the Mumbai-based company rose 18.47% to Rs7,411.68 crore compared with Rs6,255.93 crore in the year-ago period. Earnings before interest, tax, depreciation, and amortization (Ebitda) in Q4FY21 rose 46.80% to Rs612.66 crore, compared with Rs417.33 crore in the corresponding quarter of last year. The economy gradually opened post May 2020 and the second half of the year was progressing towards recovery. We gradually commenced our store construction activity from the second half of the year and opened 22 new stores during the year, " added Noronha.

Source: Mint May 08, 2021 10:18 UTC