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Avenue Supermarts' 2Q Net Profit More Than Doubled on Year

   By Kosaku Narioka 
 

Avenue Supermarts Ltd. said second-quarter net profit more than doubled from a year earlier as revenue rose thanks to easing of pandemic-related movement restrictions.

The operator of the DMart supermarket chain said on Saturday that net profit for the quarter ended Sept. 30 rose to 4.18 billion Indian rupees ($55.7 million) from INR1.99 billion a year earlier.

Second-quarter revenue increased 47% from a year earlier to INR77.89 billion.

 

Write to Kosaku Narioka at kosaku.narioka@wsj.com

 

(END) Dow Jones Newswires

October 17, 2021 21:39 ET (01:39 GMT)

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