Avenue Supermarts gains 8% post March quarter results

Though January 2022 started extremely well but the omicron wave reduced the momentum over middle of the month.

Shares of Avenue Supermarts, which runs the D-Mart chain of stores, gained 8 per cent to Rs 3,499 on the BSE in Monday’s intra-day trade. The surge comes after the company reported 18.5 per cent year on year (YoY) jumped in its standalone revenue at Rs 8,606 crore in March quarter (Q4FY22). The revenue growth was is in-line with the management's guidance in its prequarterly update.

Besides that, the company's profit after tax (PAT) grew 7.2 per cent YoY at Rs 466 crore, whereas, earnings before interest, taxes, depreciation, and amortization (EBITDA) margins remained flattish YoY at 8.4 per