Avenue Supermarts Ltd, which owns and operates the supermarket chain D-Mart, on Saturday reported a 53 percent jump in its net profit to Rs 414 crore for the quarter ended March 31, 2021.

The company had posted a net profit of Rs 271 crore for the corresponding period of the previous fiscal, Avenue Supermarts said in a filing to BSE.

Its revenue from operations during January-March 2021 was up 18.47 percent to Rs 7,411.68 crore, against Rs 6,255.93 crore in the year-ago period. Avenue Supermarts' total expenses were at Rs 6,916.24 crore, up 16.09 percent as against Rs 5,957.53 crore a year ago.

On a standalone basis, Avenue Supermarts’ net profit was up 51.62 percent to Rs 434.95 crore, against Rs 286.87 crore of the corresponding quarter of the last fiscal. Its revenue from operations on a standalone basis during the quarter was at Rs 7,303.13 crore, up 17.92 percent in comparison to Rs 6,193.53 crore a year ago.

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