Avenue Supermarts gains 3% as Q3 results beat Street estimates

Shares of Avenue Supermarts -- owner of DMart supermarket chain -- climbed 3.4 per cent to Rs 1,941 on the BSE on Monday after the company reported a 53.3 per cent year-on-year (YoY) rise in standalone net profit at Rs 394 crore for the quarter ended December 31, 2019 (Q3), beating Street estimates. The stock was trading close to its all-time high of Rs 2,010, hit on November 8, 2019. 

DMart's profit before tax for the period under review stood at Rs 497 crore, a YoY growth of nearly 26 per cent. Net sales for the period grew nearly 24 per