Quarterly Result12 Jan 2025, 01:22 am
Avenue Supermarts Ltd Reports Q3FY25 Standalone Total Revenue Growth of 17.5% to Rs.15,565 Crore, PAT up by 6.5% to Rs.785 Crore
AI Summary
Avenue Supermarts Ltd, the parent company of DMart, reported its standalone financial results for the quarter and nine months ended December 31, 2024. The company's standalone total revenue for Q3FY25 stood at Rs.15,565 crore, representing a y-o-y growth of 17.5%. The standalone PAT for Q3FY25 stood at Rs.785 crore, representing a y-o-y growth of 6.5%. The company added 10 stores in Q3FY25 and 22 stores in 9MFY25. Neville Noronha, the CEO & Managing Director, will not be offering his candidature for renewal of his role at the conclusion of his current term in January 2026. Anshul Asawa has been appointed as the CEO Designate, effective March 15th, 2025.
Key Highlights
- Standalone Total Revenue for Q3FY25 stood at Rs.15,565 crore, up by 17.5% y-o-y
- Standalone PAT for Q3FY25 stood at Rs.785 crore, up by 6.5% y-o-y
- 10 stores were added in Q3FY25 and 22 stores were added in 9MFY25
- Neville Noronha will not be renewing his contract as MD & CEO upon its expiration in January 2026
- Anshul Asawa has been appointed as the CEO Designate, effective March 15th, 2025