<p>Retail chain D-Mart operator Avenue Supermarts Ltd on Saturday reported a 2.46 per cent rise in its consolidated net profit at Rs 658.71 crore in April-June 2023 quarter, as lower sales of apparel and general merchandise impacted margins.</p>.<p>The company had posted a net profit of Rs 642.89 crore in the corresponding quarter a year ago, said Avenue Supermarts in a BSE filing.</p>.<p>Its revenue from operations was up 18.20 per cent to Rs 11,865.44 crore during the quarter under review as against Rs 10,038.07 crore in the same quarter last fiscal.</p>.<p>Avenue Supermarts' total expenses were at Rs 11,006.92 crore, up 19.74 per cent in first quarter of FY24.</p>.<p>The total income of Avenue Supermarts in the June quarter was at Rs 11,904.18 crore, up 18.24 per cent.</p>.<p>Avenue Supermarts CEO & Managing Director Neville Noronha said: "Overall gross margins are lower compared to the same period in the previous year, primarily due to lower sales contribution of apparel and general merchandise.</p>.<p>"However, general merchandise contribution is recovering and trending towards pre-pandemic levels," he added.</p>.<p>During the June quarter, D-Mart opened three new stores, taking the total count to 327 with a retail business area of 13.5 million square feet.</p>.<p>D-Mart operates across Maharashtra, Gujarat, Daman, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR, Chhattisgarh and Punjab.</p>
<p>Retail chain D-Mart operator Avenue Supermarts Ltd on Saturday reported a 2.46 per cent rise in its consolidated net profit at Rs 658.71 crore in April-June 2023 quarter, as lower sales of apparel and general merchandise impacted margins.</p>.<p>The company had posted a net profit of Rs 642.89 crore in the corresponding quarter a year ago, said Avenue Supermarts in a BSE filing.</p>.<p>Its revenue from operations was up 18.20 per cent to Rs 11,865.44 crore during the quarter under review as against Rs 10,038.07 crore in the same quarter last fiscal.</p>.<p>Avenue Supermarts' total expenses were at Rs 11,006.92 crore, up 19.74 per cent in first quarter of FY24.</p>.<p>The total income of Avenue Supermarts in the June quarter was at Rs 11,904.18 crore, up 18.24 per cent.</p>.<p>Avenue Supermarts CEO & Managing Director Neville Noronha said: "Overall gross margins are lower compared to the same period in the previous year, primarily due to lower sales contribution of apparel and general merchandise.</p>.<p>"However, general merchandise contribution is recovering and trending towards pre-pandemic levels," he added.</p>.<p>During the June quarter, D-Mart opened three new stores, taking the total count to 327 with a retail business area of 13.5 million square feet.</p>.<p>D-Mart operates across Maharashtra, Gujarat, Daman, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR, Chhattisgarh and Punjab.</p>