By Yi Wei Wong
Avenue Supermarts Ltd.'s net profit rose in the fourth quarter, thanks to higher revenue.
The Indian hypermarket operator said Saturday that net profit jumped 53% to 4.14 billion rupees ($56.5 million).
Revenue rose to INR73.03 billion from INR61.94 billion in the same period last year.
Avenue Supermarts said the second wave of Covid-19 infections in India has disrupted business, with more than 80% of its stores operating for significantly fewer hours.
Write to Yi Wei Wong at email@example.com
(END) Dow Jones Newswires