Following the release of the company’s Q1 results over the weekend, the share price of Avenue Supermarts Ltd or DMart, increased by more than 4% in early trade on Monday.
Opening at ₹5,126.45, the DMart share price was around 3.69% higher than the previous closing of ₹4,943.65. The price of DMart shares then increased by 4.4%, reaching a high of ₹5164 on the NSE on Monday.
DMart reported a 17.5% increase in overall net profit to ₹773.8 crore for the April-June 2024 quarter, up from ₹658.8 crore the previous year.
Operating revenue for the hypermarket chain operator rose 18.6% to ₹14,069 crore in the first quarter of the current fiscal year from ₹11,865.4 crore in the same period of the previous year.
As of 11:07 am, DMart shares were trading 0.94% higher at ₹4989.95.
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