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DMart Q4 net profit rises 53%; co says over 80% stores hit by Covid restrictions

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₹414 crore, up 52.7% as compared to ₹271 crore in the year ago quarter. The revenue from operations witnessed a growth of 18.4% to ₹7,411.6 crore against ₹6,256 crore year-on-year (YoY).The company said that significant disruptions have been seen from March 2021 onwards for its store operations.

More than 80% of its stores are operating for significantly lower number of hours (not exceeding four hours per day) or are even shut for operations for one to weeks or shut on weekends. ''These shut downs are having an adverse and severe impact on our revenues''.

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