Avenue Supermarts (DMart) Q4 Results: Consolidated PAT for Q4FY24 ₹563 crore, up 22.4% YoY

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Both in this quarter and in FY24, Avenue Supermarts has seen tremendous growth in its profits. Consolidated PAT for Q4FY24 ₹563 crore, up 22.4% YoY, the company has proven what‘s possible in 3 months. For the fourth quarter, Avenue Supermarts saw sales of ₹12726.55 crore compared to ₹10594.11 Crore a year ago.


Founded by Radhakishan Damani in 2002, Avenue Supermarts or DMart, under which name it operates, is an Indian retail corporation. The company is known for operating a supermarket chain in the country. Avenue Supermart started with one store that opened in Powai, Mumbai and now, as of March 2024, the company has 365 stores across 12 states and union territories in India. Headquartered in Mumbai. Avenue Supermarts has a total of 12,108 permanent employees and 48,793 employees hired on a contractual basis under its wings, as of March 2023. The company also started an e-commerce space in December 2016, called DMart Ready. This e-commerce platform allows users to order groceries and household products online. Then in March 2017, Avenu Supermarts launched its IPO or Initial Public Offering and the company was listed on both the National Stock Exchange and Bombay Stock Exchange on 22nd March 2017. The same day as its listing date, Avenue Supermarts became the 65th most valuable Indian firm. Avenue Supermarts also has subsidiaries including, Avenue Food Plaza Pvt Ltd, Align Retail Traders Pvt Ltd, Avenue E-Commerce Ltd, Nahar Seth & Jogani Developers Private Limited and Reflect Wholesale And Retail Private Limited.

Explore: Avenue Supermarts Limited Share Price

5 Key Financial Highlights

Q4 has been good for Avenue Supermarts for several financial reasons. Here are the five key financial highlights of Avenue Supermarts’s Q4 results:

  • Sales at ₹12726.55 Crore from ₹10594.11 Crore in Q4FY23
  • Revenue at ₹12764.42 Crore from ₹10627.18 Crore in Q4FY23
  • Net income at ₹565.6 Crore from ₹462 Crore in Q4FY23
  • Basic earnings per share from continuing operations at ₹8.66 from ₹7.1 in Q4FY23
  • Diluted earnings per share from continuing operations at ₹8.64 from ₹7.06 in Q4FY23

Additional Read: Quarterly Results

Key Business Updates:

  • Avenue Supermarts is in talks with the KK Modi Group-backed Godfrey Phillips regarding the sale of retail grocery chain 24Seven.
  • On 26th March, Avenue Supermarts Limited opened 3 new stores at Karimnagar (Telangana), Narsingi, Hyderabad (Telangana) and Sachin, Surat (Gujarat). 
  • Avenue Supermarts also bought 17 commercial units in Mumbai for ₹88.74 crore

Additional ReadRaymond Q4 Results

Profitability Analysis:

When it comes to the profitability of Avenue Supermarts, one can clearly see how profitable Q4 of FY24 has proven to be for the company. With sales at ₹12726.55 Crore from ₹10594.11 Crore in Q4FY23 the company also saw a revenue of ₹12764.42 Crore, up from ₹10627.18 Crore in Q4FY23. To add to this, the net income of the company came to ₹565.6 Crore from ₹462 Crore in Q4FY23. When it comes to earnings per share, the basic earnings per share from continuing operations stood at ₹8.66, up from ₹7.1 in Q4FY23, while the diluted earnings per share from continuing operations stood at ₹8.64, up from ₹7.06 in Q4FY23.

Additional ReadBritannia Q4 Results


Major Operational Metrics - Consolidated Q4 (FY2023-24) Financial Results of Avenue Supermarts (in ₹ Crore)







Revenue from operations


13572 47




Total Income






Profit before tax






Net Profit after tax






Total Comprehensive income for the period






The Future of Avenue Supermarts

Since its establishment in 2002 by Radhakishan Damani, Avenue Supermarts has seen tremendous growth. The fourth quarter of FY24 is no exception. With the rise in sales and total revenue as well as the profits in Q4, the company is well on its way to a profitable FY25. Add to this the number of stores it has opened in this financial year and how it has been able to cast a wider net when it comes to its consumers and it would seem that the growth trajectory of the company is headed in the right direction.

Additional ReadBlue Dart Express Q4 Results


Avenue Supermarts has seen a lot of growth in this quarter and FY24. With a consolidated PAT for Q4FY24 at ₹563 crore, up 22.4% YoY, the 3-month gap between Q3 and Q4 has witnessed immense business progressions for the company.

Results for the Fourth Quarter and Full Year Ended March 31, 2024

Additional Read: Kotak Mahindra Bank Q4 Results


  1. Avenue Supermarts Financial Report
  2. Wikipedia (For about the company)

For Business Updates:

  1. https://www.equitybulls.com/category.php?id=344789
  2. https://www.moneycontrol.com/news/business/real-estate/avenue-supermarts-buys-17-commercial-units-in-mumbai-for-rs-88-74-crore-11329841.html
  3. https://economictimes.indiatimes.com/industry/services/retail/big-grocers-queue-up-to-put-24seven-in-bag/articleshow/109355349.cms?from=mdr

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