DMart's Net Profit Soars 17% to ₹856 Crore in Q3, Revenue Up 13%

• Avenue Supermarts (DMart) reported a 17% year-on-year increase in net profit to ₹856 crore for the December quarter.
• Revenue grew by 13.3% year-on-year, reaching ₹18,101 crore in Q3.
• EBITDA rose by 20.2% to ₹1,463 crore, with the EBITDA margin improving to 8.1% due to better cost control.
• The company announced that the tenure of its Managing Director and CEO, Ignatius Navil Noronha, will end on January 31.
• DMart's shares closed up 0.45% at ₹3,807 on Friday's trading session.

Why It Matters: DMart demonstrates strong Q3 financial performance with significant profit and revenue growth, alongside leadership change.