By Kosaku Narioka
Avenue Supermarts Ltd. said second-quarter net profit more than doubled from a year earlier as revenue rose thanks to easing of pandemic-related movement restrictions.
The operator of the DMart supermarket chain said on Saturday that net profit for the quarter ended Sept. 30 rose to 4.18 billion Indian rupees ($55.7 million) from INR1.99 billion a year earlier.
Second-quarter revenue increased 47% from a year earlier to INR77.89 billion.
Write to Kosaku Narioka at firstname.lastname@example.org
(END) Dow Jones Newswires