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Avenue Supermarts, which runs the DMart chain of stores, reported a nearly 48 per cent year-on-year increase in net profit for the quarter ended September 30, (Q2) to Rs 333 crore, as it gained from lower corporation tax rates that came into effect last month.
But the retailer’s top line, while growing 22 per cent year-on-year for the quarter to Rs 5,949 crore, was below Street estimates, which had pegged the number at ...
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