India covid-19 pandemic crisis India

Dmart profit nearly vanishes post covid; stock puts up brave front

Reading now: 312
www.livemint.com

₹0.77 in the June quarter from ₹5.37 in the same period last year. True, earnings were hit due to the unprecedented crisis that followed in the wake of covid-19 pandemic, which led to a sharp drop in footfalls and impacted sales, especially those of non-essential products.In that context, the 34% year-on-year decline in June quarter revenues isn’t too surprising.

While announcing its March quarter results, Avenue had indicated how revenues for April and the first fortnight of May had panned out.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA