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 [e-mail]

(END) Dow Jones Newswires

10-17-21 2139ET