Avenue Supermarts reports 73% rise in Q4 net profit

INSUBCONTINENT EXCLUSIVE:
Authors: Super UserNEW DELHI: Avenue Supermarts (D-Mart) on Saturday reported 72.9 per cent year-on-year (YoY) rise in net profit at Rs 167
crore for the March quarter. The food grocery retailer reported Rs 97 crore profit in the year-ago quarter. Total revenue for the quarter
came in at Rs 3,810 crore, up 22.5 per cent YoY
addition not in line with expectation and base effect of demonetisation has made March 2018 revenue a little tepid
quarter rose to Rs 294 crore in March quarter from Rs 208 crore in the corresponding quarter of last year
fourth quarter compared with 3.1 per cent in the year ago quarter. Basic earnings per share (EPS) for Q4FY18 stood at Rs 2.68 against Rs
1.69 in the corresponding quarter last year.