D-Mart announced on Saturday that its consolidated net profit for the three months that ended on June 30, 2022, increased by more than six times.
In a BSE filing, the business recorded a net profit of Rs 95.36 crore in the April-June quarter of last year.
The company's operating revenue increased by 93.66% to Rs 10,038.07 cr during the reviewed quarter from Rs 5,183.12 cr during the same quarter last year.
Neville Noronha, CEO & MD of Avenue Supermarts, stated: "Overall sales have recovered extremely well.
Overall costs were Rs 9,191.79 crore, up 81.03 per cent from Rs 5,077.22 crore in the prior quarter of FY 2022–23.
Due to the beginning of the monsoon season and the start of the back-to-school/college season, Q1 is similar to Q3 in that it is an excellent time to increase sales and profits, he said