Avenue Supermarts Limited Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2017
October 14, 2017 at 06:07 am EDT
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Avenue Supermarts Limited reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2017. For the quarter, the company reported revenue from operations of INR 35,082.669 million against INR 27,787.337 million a year ago. Profit before tax was INR 2,930.302 million against INR 1,784.695 million a year ago. Net profit after tax was INR 1,910.226 million or INR 3.02 per diluted share against INR 1,156.482 million or INR 2.06 per basic and diluted share a year ago. EBITDA was INR 3,180 million a year on year growth of 36.5%.
For the six months, the company reported revenue from operations of INR 71,063.977 million against INR 54,311.238 million a year ago. Profit before tax was INR 5,610.504 million against INR 3,612.555 million a year ago. Net profit after tax was INR 3,657.983 million or INR 5.78 per diluted share against INR 2,340.935 million or INR 4.17 per basic and diluted share a year ago. EBITDA was INR 6,210 million a year on year growth of 32.8%.
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 
