Avenue Supermarts has opened a new store at Gopanpally, Nizamabad (Telangana) today. The total number of stores as on date stands at 384. Powered by Capital Market - Live News

Avenue Supermarts has completed the acquisition of 26% shareholding of FP Ampere Energy (FPAEPL), a wholly owned subsidiary of Fourth Partner Energy for a total consideration of Rs. 1.99 crore. Consequently, FPAEPL has become an Associate Company of Avenue Supermarts. Powered by Capital Market - Live News

Avenue Supermarts has appointed Amit Jain as Chief Operating Officer and Parvez Vandrewala (presently serving as Vice President-Operations) as Chief Operating Officer of the Company with effect from 17 October 2024. Powered by Capital Market - Live News

The Board of Avenue Supermarts at its meeting held on 16 October 2024 has approved the appointment of Bhaskaran N (DIN: 10808853), Chief Operating Officer-Retail as an Additional Director of the Company. Further, the Board has approved appointment of Bhaskaran N as a Whole-time Director (Key Managerial Personnel) of the Company for a term of 2 (two) years effective 17 October, 2024, subject to approval of shareholders of the Company by way of Postal Ballot.Powered by Capital Market - Live News

Net profit of Avenue Supermarts rose 5.78% to Rs 659.58 crore in the quarter ended September 2024 as against Rs 623.56 crore during the previous quarter ended September 2023. Sales rose 14.42% to Rs 14444.50 crore in the quarter ended September 2024 as against Rs 12624.37 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales14444.5012624.37 14 OPM %7.577.96 - PBDT1110.971026.30 8 PBT903.19851.94 6 NP659.58623.56 6 Powered by Capital Market - Live News