DMart operator Avenue Supermarts posts 11.3% profit rise to Rs 860 crore
Avenue Supermarts reported net profit of Rs 860.4 crore, up 11.3% YoY, on revenue of Rs 18,794.5 crore, up 14.9%. EBITDA rose 15.4% to Rs 1,499.3 crore with margin at 7.97%. Separately, Swiggy resolved an FSSAI prohibition order on its Toing platform and Lux Industries committed Rs 600 crore to a West Bengal garment hub.
DMart operator Avenue Supermarts posted 11.3% profit growth to Rs 860 crore and 14.9% revenue rise. Swiggy resolved an FSSAI prohibition order on its Toing platform. Lux Industries invests Rs 600 crore in a West Bengal garment hub.