DMart Q4 Results: Net profit rises 8% YoY to Rs 505 crore; misses estimates

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.

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