Avenue Supermarts Ltd, the owner and operator of the DMart retail chain, has announced a 17.5% rise in standalone revenue from operations, reaching Rs 15,565.23 crore for the quarter ending December 31, 2024. In the same quarter the previous year, the company reported a revenue of Rs 13,247.33 crore, as stated in their announcement to the BSE on Thursday. As of December 2024, the number of stores stood at 387.
Inflation continues to impact the FMCG sector, with Kantar reporting an anticipated slowdown in urban growth for the first half of 2025. The revenue for this quarter is subject to a limited review by the company’s statutory auditors.
In the period from October to December 2022-2023, the standalone revenue recorded was Rs 11,304.58 crore. DMart, promoted by Radhakishan Damani and his family, offers essential home and personal products across various regions including Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, Delhi NCR, Tamil Nadu, Punjab, and Rajasthan.
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