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Avenue Supermarts reports 9% fall in Q2 consolidated net profit

14 Oct 2023 Evaluate

Avenue Supermarts has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported 9.85% fall in its net profit at Rs 658.54 crore for the quarter under review as compared to Rs 730.48 crore for the same quarter in the previous year. However, total income of the company increased by 18.46% at Rs 12353.35 crore for Q2FY24 as compared Rs 10428.42 crore for the corresponding quarter previous year. 

On consolidated basis, the company has reported 9.09% fall in its net profit at Rs 623.35 crore for the quarter ended September 30, 2023 as compared to Rs 685.71 crore for the same quarter in the previous year. However, total income of the company increased by 18.62% at Rs 12661.29 crore for Q2FY24 as compared Rs 10673.90 crore for the corresponding quarter previous year. 


Peers
Company Name CMP
Avenue Supermarts 3711.95
Trent 2772.20
Vishal Mega Mart 101.30
PN Gadgil Jewellers 609.10
Aditya Birla Life 82.36
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