Avenue Supermarts PAT For Q1 Logs 490% Gains YoY

Avenue Supermarts today reported its June quarter results wherein standalone profit has increased to Rs. 680 crore as against Rs. 115 crore in the same quarter last year.

Total revenue at the retail concern has also inched higher by 94.9% YoY to Rs. 9807 crore during the period under review.

EBITDA recorded a growth of 355.6% y-o-y to Rs. 1008 crore.

EPS for Q1FY23 stood at Rs.10.49, as compared to Rs.1.78 for Q1FY22 10 stores were added in Q1FY23.

Avenue Supermarts is among the largest food & grocery retailers in India

CEO & Managing Director Neville Noronha said His company ended the quarter with growth across all key financial parameters. There has been a very good recovery of overall sales, he said.

The stock of the company ahead of its Q1 numbers ended higher by over 2% at Rs. 3941.7 per share on the NSE.