Avenue Supermarts, the company that operates the DMart chain of stores, posted a 21.11% YoY jump in revenue to Rs 10,337.12 crore. DMart’s margins declined, said CEO and MD Neville Noronha. “Lower consumer spending in general merchandise and apparel continues and has impacted the margin mix downwards,” he added. E-commerce expansion continued in the firm’s existing 22 cities and expanded to an additional 10 new locations during the year, totalling 324 stores.
Jio’s Q3 results may have disappointed, but home broadband is thriving
Reliance Jio’s Q3FY25 earnings missed expectations due to muted user additions, modest ARPU growth, and higher costs. However, Jio’s home broadband business showed strong growth,
January 18, 2025