Shares of Avenue Supermarts Ltd have been buying and selling within the inexperienced and a pair of% larger on 7 March after the corporate introduced the opening of 4 new shops.
In its regulatory submitting, the corporate stated that they’ve opened shops at Chikkaballapur (Karnataka), Ampa Skyone Mall – Chennai (Tamil Nadu), Backyard Enclave – Amritsar (Punjab), and Kamed – Ujjain (Madhya Pradesh), taking the corporate’s complete shops to 396.
Avenue Supermarts Restricted operates DMart, a nationwide grocery store chain providing a various vary of merchandise, together with meals, non-food necessities, and basic merchandise. Since launching its first retailer in 2002, DMart has expanded to 284 areas throughout India, with a presence in states like Maharashtra, Gujarat, and Karnataka. The corporate was based by Radhakishan Damani and his household.
For the third quarter ending 31 December 2024, Avenue Supermarts Ltd reported a 17.5% improve in standalone income from operations, reaching Rs 15,565.23 crore, in comparison with Rs 13,247.33 crore in the identical quarter the earlier yr. As of December 2024, the whole variety of DMart shops had grown to 387, reflecting the corporate’s continued enlargement in India’s retail sector.
At 3:30 pm, the shares of Avenue Supermarts closed 1.26% larger at Rs 3,585 on NSE.
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