Business »  Topic »  DMart profit rises 48% on better margins, higher revenue

DMart profit rises 48% on better margins, higher revenue


The national super market chain's earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter rose 33.24% from the year-ago period to `517 crore on higher sale

The company added five stores during the July-September quarter.

Avenue Supermarts, the operator of DMart reported a 48% year-on-year rise in consolidated net profit for July-September quarter of 2019 to `323 crore. The profits were led by higher operating margin and better revenue mix, though it marginally missed the Bloomberg estimate of `332 crore.

The national super market chain’s earnings before interest, tax, depreciation, and amortisation (EBITDA) for the ...


Read the full text financialexpress