The company Avenue Super Marts Q3 net profit rises only 2% YOY to Rs 257 cr. Last year the company reported a net profit of Rs 252 cr.
Revenue for the quarter rise 33% YOY to Rs 5451 cr. The peny growth in profit was primarily due to gross margin reduction on account.
While the expert's and brokerages were largely expecting 30% plus growth in sales, they were expecting the retailer to report 10-20% profit growth.
The company added 4 new stores in this quarter.