D-Mart And Marico Q2FY23 Operational Update | ET Now | Business News | Latest

Avenue Supermart standalone revenue from operations of Rs 10,385 crore in the quarter ended September 30, 2022, which marks a jump of 35.8 percent as compared to the year-ago period. The standalone revenue in Q2 FY23 has nearly doubled as compared to the pre-pandemic period of Q2 FY20, when it was reported to be Rs 5,949.01 crore. In Q2 FY21 and Q2 FY22, the company had reported a standalone revenue of Rs 5,218.15 crore and Rs 7,649.64 crore, respectively.The total number of D-Mart stores as of September 30, 2022 stood at 302.India business posted low single-digit volume growth with the 3-year CAGR in high single digits. Parachute Coconut Oil recorded low single digit volume decline, although staying close to the medium term growth aspiration on a 3 year CAGR basis. As copra prices continued to slide down further during the quarter, consumer pricing is likely to settle down in Q3 and translate into healthy volume growth. Value Added Hair Oils grew in low single digits in value terms, mainly dragged by the subdued rural sentiment. Saffola Oils recovered smartly with high single digit volume growth on a normalised base and following a cut in retail prices in keeping with the correction and reduced volatility in vegetable oil prices.Vinnii Is here with more details