According to CNBC-TV18’s LinkedIn report, Avenue Supermarts has announced a 17.5% rise in Q3 revenue.

Avenue Supermarts, the parent company of popular retail chain DMart, has reported a 17.5% growth in its revenue for the third quarter (Q3) of FY22. According to CNBC-TV18, the company’s revenue stood at Rs 7,432 crore (approximately $964 million) during the quarter. This growth is attributed to a 14.5% increase in same-store sales and the addition of new stores. Avenue Supermarts has a total of 299 stores across India, with a presence in over 150 cities. The company’s net profit for the quarter also saw a significant increase of 24.5% year-on-year, standing at Rs 1,034 crore (approximately $132 million). This growth is driven by the company’s focus on expanding its online presence, investing in technology, and improving supply chain efficiency. Avenue Supermarts has consistently reported strong financial performance, and this quarter’s results are expected to further strengthen its position as one of the leading retail companies in India.