Our philosophy is we shall not grow at any cost: Neville Noronha

Interview with Neville Noronha, CEO & MD, Avenue Supermarts

Avenue Supermarts, which runs D-Mart, posted a 47 per cent jump in net profit in the March quarter and its revenue and operating profit went up 41 per cent. The company's chief executive and managing director, Neville Noronha, talks to Raghavendra Kamath about strategy. Edited excerpts:

Your margin is flat in the March quarter at 6.9 per cent. What is the reason behind that? Do you think this quarter will be better?

Margins grew by 41 per cent in the like to like period for the quarter.  However, the quarter is relatively slower than the December quarter and the mix also changes.