Avenue Supermarts, the parent company of the retail chain D-Mart, has reported a significant surge in standalone revenue for the fourth quarter of the financial year 2023-24. According to their latest business update, the company’s revenue from operations stood at Rs.12,393.46 crore for the quarter ended March 31, 2024, showcasing an increase from Rs.10,337.12 crore in the same period last year.
The quarterly revenue figures demonstrate a consistent growth trajectory for Avenue Supermarts over the past three years, with a noticeable surge from Rs.7,303.13 crore in Q4 of the financial year 2020-21 to the current figures.
Moreover, Avenue Supermarts has marked a milestone in its expansion journey, reaching a total of 365 stores as of March 31, 2024.
