Avenue Supermarts' Q1 Revenue Rises 18%

Avenue Supermarts Ltd.'s first-quarter revenue rose 18% year-on-year to Rs 13,711.87 crore.

The operator of D-Mart chain of supermarkets said in a business update on Tuesday that revenue during the first quarter of FY23 was Rs 11,584.44 crore. The metric was Rs 9,806.89 crore during the same period in FY22 and Rs 5,031.75 crore for the quarter-ended June 30, 2021

The company operates a total of 371 stores as June 30, including one at Rajkot currently closed for customers.

Shares of Avenue Supermarts closed 0.92% higher at Rs 4,778 apiece, compared with a 0.04% fall in the benchmark S&P BSE Sensex.