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D-Mart operator Q3 beats estimates, profit grows 53% to Rs 394.3 crore

D-Mart operator Q3 beats estimates, profit grows 53% to Rs 394.3 crore

Saturday, January 11, 2020, 7:09 PM

Avenue Supermarts, the operator of hypermarkets retail chain D-Mart, showed a healthy 53.3 percent growth in Q3 FY20 profit on January 11, which was ahead of analyst estimates. The growth was driven by lower tax cost, and higher revenue and operating income. Standalone profit during the quarter jumped to Rs 394.3 crore, up from Rs 257.1 crore in same period last year.
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