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Avenue Supermarts Q4 net profit rises 22.39% to Rs 563 crore

Its consolidated total revenue for the quarter stood at Rs 12,727 crore compared to Rs 10,594 crore a year agoNew Delhi: Avenue Supermarts Ltd, which owns and operates D-Mart stores, on Saturday reported a 22.39 per cent rise in...

D-Mart’s Q3 net profit up 17% at Rs 690 crore

Its revenue from operations grew 17.31 per cent to Rs 13,572.47 crore during the quarter under review against Rs 11,569.05 crore in the corresponding quarter of the last fiscalNew Delhi: Avenue Supermarts Ltd, which owns and operates retail chain D-Mart,...

Avenue Supermarts shares jump 6% after Q3 earnings

Shares of Avenue Supermarts gained nearly 6 per cent in early trade on Monday after the firm reported an increase of 16.39 per cent in its consolidated net profit for the third quarter ended December 2020. The stock jumped 5.47 per...

Amid e-tail battle, D-Mart turns 2 stores into fulfilment centres

As the e-commerce battle intensifies in India, with Reliance Retail's JioMart being the latest major entrant with a massive potential to disrupt the space, Radhakishan Damani-led D-Mart also is giving a major emphasis on the online segment. DMart has shut...

IMAGES Group Survey: Over 72 pc retailers turn to technology, e-commerce to increase revenue

Ever since COVID-19 broke out in India, IMAGES Retail has been bringing out analysis, reports, webinars discussing impact, challenges, recommendations and opinions from the retail industry experts and stalwarts to fight the crisis. In a recent survey conducted by the...

Stores recover 80 pc of pre-COVID sales: D-Mart

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday said it has recovered 80 per cent of its business in the stores, wherever it has been allowed to operate unhindered. However, discretionary consumption continues to be...

JioMart tie up to benefit kiranas hit by loss of market share

As kirana stores lose market share, a tie up with JioMart may be a potential solution and could be beneficial for the viability of kirana stores. According to a report by ICICI Securities, despite all the noise, kiranas likely lost...

Retail and restaurants to benefit as lockdown eases

The removal of lockdown restrictions marks a step-by-step approach to restore normalcy and retail and restaurants are expected to benefit from it. According to a research by Motilal Oswal Securities, this is a good calibrated step towards resumption of the...

Radhakishan Damani contributes Rs 100 cr to PM CARES Fund

Promoter of Avenue Supermarts, Radhakishan Damani has contributed Rs 100 crore to the PM-CARES Fund for the fight against the coronavirus pandemic. He also contributed Rs 55 crore to several state relief funds. Damani has made the contribution through his...

Covid 19: Retailers roll out steps to maintain social distancing, sanitisation at stores

Big retailers, which are presently dispensing only essential items amid the lockdown, are taking precautionary measures like restricted entry and marked lines to maintain social distancing to avoid coronavirus infection at their stores. According to a PTI report: Some stores...
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Aparna Construction invests Rs 284 cr to enter into shopping mall, cinema businesses

Aparna Constructions has a current portfolio of 77 projectsNew Delhi: Realty firm Aparna Constructions and Estates Pvt Ltd on Monday...
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