Following the market's closure, D-Mart released an important update about its business operations. Investors should monitor the stock closely
D-Mart provided an important business update after the market closed. Investors are advised to keep a close watch on the stock's performance and potential implications.
Avenue Supermarts (D-Mart) announced its business update for the second quarter of the fiscal year 2025 following Thursday's market closure. The company reported a year-on-year increase in standalone income, rising from ₹12,307.72 crore to ₹14,050.32 crore. As of September 30, 2024, D-Mart operates a total of 373 stores.
For the first quarter of the fiscal year 2024-25, Avenue Supermarts achieved a consolidated profit of ₹773.8 crore, reflecting a 17.5% increase compared to ₹658.8 crore in the same period last year. Additionally, the company's operational income grew by 18.6%, reaching ₹14,069.1 crore, up from ₹11,865.4 crore the previous year.
Stock Performance
On Thursday, D-Mart’s share closed at ₹4,941, down 0.27%. The stock's 52-week high is ₹5,484.85, and it has seen a 32.62% increase over the past year.
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