Mumbai39 minutes ago
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Avenue Supermarts Limited, a company operating retail chain de-mart, has made a profit of Rs 551 crore in the fourth quarter of FY 2024-25. It is reduced by 2.13% on an annual basis. The company made a profit of ₹ 563 crore in the same quarter of last year.
In the January-March quarter, D-Mart generated a revenue of ₹ 14,872 crore from operation, it has increased by 17% on an annual basis. In January-March 2024, the company generated a revenue of ₹ 12,727 crore. The money from selling goods and services is revenue or revenue.
D-mart’s share dropped 12% in a year
A day before the result was released, on Friday, May 2, Avenue Supermart (D-Mart) shares fell by Rs 145 (3.45%) to close at 4,055. The company’s stock has fallen 8.35% in 5 days, 2.47% in a month and 12.08% in a year. However, in the last 6, it has given a positive return of 2.77% and 13.87% from this year i.e. January 1 till now.
Damani is the founder of supermarket chain de-mart
Supermarket chain de-mart founder Radhakishan Damani. He started D-Mart in 2002 from Powai area of Mumbai. Here he opened the first store of D-Mart. In 1999, Damani started a franchise of ‘Apna Bazaar’ in Nerul, New Mumbai, but did not submit this model.
D-Mart made his stock market debut in 2017
The D-Mart operates Supermarted Chain Avenue Supermarts Limited (ASL). CEO Neville Noronha of Avenue Supermarts is. 68-year-old Radhakishan Damani’s company D-Mart made his stock market debut in 2017.
D-mart was listed in the stock market on 21 March 2017, on that day the company market cap was Rs 39,988 crore. Now the market cap of the company is 2.65 lakh crore rupees.