Infographic|Avenue Supermarts Ltd.(NSE: DMART)|Q3 FY23 Results Out|Total Income rises 8.6% qoq

Avenue Supermarts Limited (NSE: DMART) is an Indian retail company that operates under the brand name “D-Mart.” It operates a chain of supermarkets and hypermarkets offering groceries, household essentials, and personal care products. Avenue Supermarts Limited has a presence across multiple states in India and is known for its value-for-money offerings and efficient supply chain. Avenue Supermarts Limited is known for its focus on technology and customer service, which has helped it gain a loyal customer base and become a leading player in India’s organized retail market.

The company recorded a total revenue of Rs 11,305 crore, with a YoY growth of 24.7%. EBITDA was Rs 974 crore, with a YoY growth of 12.2%, and PAT was Rs 641 crore with a YoY growth of 9.4%. The company added 4 stores during the quarter and a total of 22 stores during 9MFY23. The CEO stated that FMCG and staples segment performed well but discretionary non-FMCG sales did not perform as expected. The company also expanded its e-commerce operations to 22 cities in India and is starting a pharmacy shop-in-shop through a subsidiary.