Avenue Supermarts D-mart share quarterly results

Radhakishan Damani-led Avenue Supermarts reached near its record high level on Monday's trading session on Dalal Street. Investors were upbeat after the DMart operator logged a higher top-line front during the first quarter ending June 2021 (Q1FY22).

The company has registered a standalone revenue of Rs5,031.75cr in Q1FY22 compared to Rs3,833.23cr a year ago same period.

The company had posted a revenue of Rs5,780.53cr as of June 2019 and Rs4,559.42cr as of June 2018.

The total number of stores stood at 238 as of June 30, 2021.

At around 1.28 PM, Avenue Supermarts was trading at Rs3350.55 per share up by Rs37.25 or 1.12% on Sensex.

The stock has touched an intraday high of Rs 3394.75 per piece that was just a couple of rupees away from the 52-week high of Rs3,408 per piece on Sensex. 

About the Company: Avenue Supermarts Limited is an India-based company, which owns and operates DMart stores. DMart is a supermarket chain that offers customers a range of home and personal products under one roof. Each DMart store stocks home utility products, including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and others. The Company offers its products under various categories, such as bed and bath, dairy and frozen, fruits and vegetables, crockery, toys and games, kids apparel, ladies garments, apparel for men, home and personal care, daily essentials, grocery and staples, and DMart brands. DMart has a presence in over 110 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana and Chhattisgarh. The Company has multiple stores in cities, such as Mumbai, Ahmedabad, Baroda, Bengaluru, Hyderabad, Pune and Surat.

_{Disclaimer: The above report is compiled from information available on public platforms. These are not buy or sell recommendations.}

_{Source: This content is originally posted on indiainfoline.com}