How did Avenue Supermarts perform in FY23?

In the April-June quarter of FY23, Avenue Supermarts' standalone revenue was at Rs 9,806.89 crore. Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, has reported an 18.36 per cent increase in standalone revenue from operations to Rs 13,711.87 crore for the June quarter.

Who is Avenue Supermarts?

Net Profit (Rs.) Net Sales (Rs.) Avenue Supermarts Pvt Ltd.is one of the leading buyer company of Food, Garments, Toys & Games, Stationery, Footwear, Beauty and various Home Utility Products.The range of their products includes Food Products, Garments Products, Toys & Games Products, Home Appliances Products and Stationery Products.

Why were Avenue Supermarts shares trading lower?

Avenue Supermarts shares were trading marginally lower after the operator of DMart stores reported a provisional standalone revenue of Rs 13,712 crore for the April-June quarter, marking an 18 percent on-year increase. According to an exchange filing detailing its Q1FY25 business update, the company disclosed a total of 371 stores as of June 30.