On Saturday Avenue Supermarts reported consolidated profit after tax rose by 6.7 per cent to ₹589.68 crore for the quarter ended December 2022. This profit of ₹552.56 is against the corresponding quarter last fiscal.
Mr.Radhakishan Damani-owned company which runs DMart chain, reported revenue from operations were up by 25 per cent to ₹11,569.05 as against ₹9,217.76 in the corresponding quarter in last fiscal. This stock was falling when the company showed company demo reports.
Should we hold Avenue Supermarket, D-mart for long-term investments?
Yes. DMart Q3: Profit up by 6.6% to ₹589.68 cr, revenue rises by 25% rose in revenue from operations. So, we can hold the share if we are the long-term investors, this stock can become our multibagger share.