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Avenue Supermarts reports 3% rise in Q4 consolidated net profit

16 May 2022 Evaluate

Avenue Supermarts (Dmart) has reported results for fourth quarter and year ended March 31, 2022.

The company has reported a rise of 7.22% in its net profit at Rs 466.35 crore for the quarter under review as compared to Rs 434.95 crore for the same quarter in the previous year. Total income of the company increased by 17.53% at Rs 8,645.45 crore for Q4FY22 as compared Rs 7,355.68 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 3.11% in its net profit at Rs 426.75 crore for the quarter under review as compared to Rs 413.87 crore for the same quarter in the previous year. Total income of the company increased by 18.22% at Rs 8,819.02 crore for Q4FY22 as compared Rs 7,459.80 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported a rise of 38.69% in its net profit at Rs 1,616.17 crore as compared to Rs 1,165.31 crore for the previous year. Total income of the company increased by 27.08% at Rs 30,493.37 crore for year under review as compared to Rs 23,996.10 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 35.74% in its net profit at Rs 1,492.40 crore as compared to Rs 1,099.43 crore for the previous year. Total income of the company increased by 27.75% at Rs 31,093.76 crore for year under review as compared to Rs 24,339.27 crore for year ended March 31, 2021.

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