Mumbai14 minutes ago
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The profit of Avenue Supermarts, the company that operates the retail chain DMart, has increased to Rs 773.82 crore in the first quarter of the financial year 2024-25. It has increased by 17.5% on an annual basis. In the same quarter last year, the company had recorded a net profit of Rs 658.75 crore.
The company has recorded a consolidated revenue of Rs 14,069.14 crore in the April-June 2024 quarter. It has increased by 18.6% on an annual basis. A year ago, the company had earned Rs 11,865.40 crore. The company has released the results of the first quarter of FY 2025 today on Saturday (July 13).
DMart has given a return of 29.53% in one year
Avenue Supermarts stock has given a return of 1.47% in the last 5 days, 6.30% in one month, 28.30% in 6 months and 29.53% in one year. If we talk only about this year i.e. from January 1 till now, the company has given a return of 21.78%. The market cap of the company is Rs 3.22 lakh crore.
On July 12, the last trading day of the week, Avenue Supermarts shares rose 1.04% to close at Rs 4950.
Radhakishan Damani is the founder of supermarket chain DMart
Radhakishan Damani is the founder of supermarket chain DMart. He started DMart in 2002 in Powai area of Mumbai. He opened the first DMart store here. In 1999, Damani started a franchise of ‘Apna Bazaar’ in Nerul, Navi Mumbai, but he did not like this model.
DMart made its debut in the stock market in 2017
The DMart supermarket chain is operated by Avenue Supermarts Limited (ASL). The CEO of Avenue Supermarts is Neville Noronha. 68-year-old Radhakishan Damani’s company DMart made its debut in the stock market in 2017.
D-Mart was listed on the stock exchange on 21 March 2017, on that day the company’s market cap was Rs 39,988 crore. Now it has crossed Rs 3 lakh crore.
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