Avenue Supermarts reported an 11.3% net profit increase for the June quarter. The company’s revenue from operations also saw a 14.9% year-on-year rise. EBITDA grew by 15.4% compared to the same period last year. The retailer’s EBITDA margin showed a slight improvement to 8%. These financial results reflect the company’s performance in the recent past.
India’s weight in global emerging-market ETFs rises again
India’s weight in major global emerging-market ETFs has begun to recover recently. This rise follows a steady decline over the past year, showing improved performance.