D-Mart Q3: Avenue Supermarts Clocks Nearly 5 Per Cent Jump In Profit, Revenue Rises 17.7 Per Cent

The company clocked a 4.8 per cent jump in the profit to Rs 723.54 crore in Q3FY25, against Rs 690.41 crore logged in profit in same quarter of the preceding FY24.

Avenue Supermarts Ltd on Saturday reported an increase in its consolidated net profit in the October-December quarter in the current 2024-25 fiscal year (FY25). The company, which owns and operates supermarket chain, D-Mart, clocked a 4.8 per cent jump in the profit to Rs 723.54 crore in Q3FY25, against Rs 690.41 crore logged in profit in the third quarter of the preceding 2023-24 financial year (FY24).

Sharing the results in an official filing with the exchanges, the company said that its revenue from operations jumped 17.68 per cent to Rs 15,972.55 crore in the quarter ended December 31, 2024, in comparison to Rs 13,572.47 crore clocked in the corresponding quarter a year earlier, reported PTI.

The profit after tax margin of the company touched 4.5 per cent in the quarter under review, against 5.1 per cent recorded in Q3FY24. The overall expenses of the firm rose 18.52 per cent to Rs 15,001.64 crore in the December quarter on a year-on-year (YoY) basis.

The total income of the company climbed 17.57 per cent on a YoY basis in Q3FY25 to Rs 15,996.69 crore.

Commenting on the financial performance, CEO and MD, Neville Noronha said, “The Q3 FY 2025 same-store revenue growth for 2 years and older stores was at 8.3 per cent. We continue to see the increased intensity in discounting in the FMCG category and the consequent impact to high turnover per square feet stores in metro towns.However, this quarter, the impact has relatively reduced compared to the previous quarter (Q2 FY2025).”

The company’s online ordering service DMart Ready saw a growth of 21.5 per cent in the first nine months of the current fiscal year, Noronha informed. “In the rapidly evolving dynamics of the grocery e-commerce market, we are seeing significantly more demand for home delivery compared to the pick-up point, and hence, we continue to align our business to that extent,” he added.