DMart, one of India’s largest retail chains in India, has posted a revenue of ₹9,065 crores for the quarter ending December Q3 of Financial Year 2021-22. This is a rise of 46% from ₹5,218 crores reported in the same quarter last year.
The revenue from operations for the Quarter Ended December 31, 2021, given above is subject to limited review by the statutory auditors of the company, DMart said in a press release. The total number of stores as of December 31, 2021, stood at 263, which is an addition of 17 stores from the previous quarter. On Friday, DMart shares closed 0.55% at ₹4,665 per piece on NSE. The shares have gained over 60% in 2021.
The staggering rally in the stock has meant that its promoter, Radhakishan S. Damani has broken into the elite club of the top 100 global billionaires in 2021. Avenue Supermarts Ltd, which owns and operates retail chain DMart has reported a jump of 113.2% net profit at ₹448.90 crores during the September quarter.
Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across markets which include – Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan. Damani now ranked 63rd on the Bloomberg Billionaires Index with $24.6 billion as his net worth.