Executive News Wire
Fact-first intelligence synthesized across 12+ news agencies. Zero sensationalism.
Fact-first intelligence synthesized across 12+ news agencies. Zero sensationalism.
NEW DELHI [NCRBuzz Wire] — **Avenue Supermarts Limited, operating under the brand name DMart, has officially reported its unaudited financial metrics for the quarter ending September 30, 2024, demonstrating resilient consumer demand across its legacy outlets and aggressive footprint expansion.** The billionaire Radhakishan Damani-backed retail giant posted a consolidated net profit of Rs 743 crore, marking an 8.5percent year-on-year (YoY) increase compared to Rs 685.71 crore in the corresponding quarter of the previous fiscal year.
### Financial Performance Metrics
| Metric / Aspect | Details |
|---|---|
| Consolidated Net Profit | Rs 743 Crore (Up 8.5percent YoY) |
| Operating Revenue / Total Income | Rs 14,050 Crore (Up 17.8percent YoY) |
| EBITDA (Earnings Before Interest, Tax, Depreciation, Amortization) | Rs 1,180 Crore (Up 9.2percent YoY) |
| Total Store Count | 371 Operational Stores Across India |
**Total operating revenue for the second quarter scaled to approximately Rs 14,050 crore, registering a stellar 17.8percent YoY expansion driven by sustained festival-season advance buying, strong footfalls in mature urban clusters, and the operational commencement of new retail warehouses.** Market analysts attribute the steady margin performance to meticulous supply chain optimization and economies of scale, despite inflationary pressures impacting fast-moving consumer goods (FMCG) input costs.
### Macroeconomic Intervention by RBI
**In a parallel macroeconomic development, the RESERVE BANK OF INDIA (RBI) deployed targeted foreign exchange management tools, establishing a specialized dollar liquidity window for public sector oil marketing companies (OMCs).** This monetary intervention aims to absorb heavy dollar demand from oil importers directly through central bank reserves, thereby insulating the Indian Rupee from acute depreciation pressures caused by persistent foreign portfolio outflows and shifting geopolitical oil pricing dynamics.
DMart continues its steady brick-and-mortar expansion strategy across tier-1 and tier-2 Indian cities despite intense quick-commerce competition, while the RBI routinely deploys forex liquidity management tools during periods of global currency volatility.
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