DMart's consolidated net profit for the fourth quarter increased by 3.14 percent to Rs 427 crore.

Avenue Supermarts reported Rs 427 crore net profit for the quarter ended March 2022, up from Rs 414 crore in the same period last year . Revenue increased to Rs 8,786 crore in the January-March 2022 period from Rs 7,412 crore in the corresponding quarter of last year .

Mumbai (Maharashtra) (India) (India), May 14: Avenue Supermarts (DMart), managed by Radhakishan Damani, reported Rs 427 crore net profit for the quarter ended March 2022, up from Rs 414 crore in the same period last year, with year-on-year growth of 3.74%.Revenue increased to Rs 8,786 crore in the January-March 2022 period from Rs 7,412 crore in the corresponding quarter of last year, up 18.53 per cent year on year growth.EBITDA (earnings before interest, taxes, depreciation, and amortization) compared to Rs 613 crore in the corresponding quarter of last year.In Q4 FY22, the EBITDA margin was 8.4 percent as compared to 8.3 percent in Q4 FY21.

These waves are often disproportionate to the high margin and other everyday products.Recovery takes 40-50 days after restrictions are lifted or the fear of a COVID wave subsides, as has been the case in the past.Omicron was a smaller wave with a slightly less detrimental effect, and the following month saw a strong recovery and very good like for like growth compared to March 2021.In general, the quarter results and the recent two waves of stop-start-stop have given us a lot of optimism about the company's ability to recover in the short run, according to Noronha.

According to him, it is difficult to tell if the relative lower growth is due to a secular shift in the non-FMCG sector, or due to inflation, or due to a significant higher COVID-related negative economic impact on some customers, as shown by the company's consolidated net income for the full year 2021-22.