Avenue Supermarts Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 09, 2021 at 03:56 am EST
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Avenue Supermarts Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 75,673.2 million compared to INR 68,150 million a year ago. Net income was INR 4,469.7 million compared to INR 3,840.4 million a year ago. Basic earnings per share from continuing operations was INR 6.9 compared to INR 6.14 a year ago. Diluted earnings per share from continuing operations was INR 6.85 compared to INR 6.09 a year ago. For the nine months, total revenue was INR 168,794.7 million compared to INR 186,394.1 million a year ago. Net income was INR 6,856.1 million compared to INR 10,297.9 million a year ago. Basic earnings per share from continuing operations was INR 10.58 compared to INR 16.49 a year ago. Diluted earnings per share from continuing operations was INR 10.51 compared to INR 16.37 a year ago.
Avenue Supermarts Limited is an India-based company, which is engaged in the business of organized retail and operating supermarkets under the D-Mart brand name. DMart is a supermarket chain that offers customers a range of products with a focus on the foods, non-foods fast-moving consumer goods (FMCG) and general merchandise and apparel product categories. Each DMart store stocks home utility products, including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and others. The Company offers its products under various categories, such as bed and bath, dairy and frozen, fruits and vegetables, crockery, toys and games, kidsâ apparel, ladiesâ garments, apparel for men, home and personal care, daily essentials, grocery, and staples. DMart operates approximately 324 stores and has a presence across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, and Chhattisgarh.
AVENUE SUPERMARTS LIMITED 
