"Our revenue, EBITDA and profit for the quarter were significantly lower as compared to the same quarter last year," he said in a statement.
DMart said that wherever stores were allowed to operate unhindered it saw recovery at 80 per cent or more of pre-Covid sales. But discretionary consumption continues to be under pressure, especially in the non-FMCG categories.
"This is impacting the gross margins negatively. Store operations and duration of operation per day continue to remain inconsistent across cities due to strict lockdowns enforced by local authorities from time to time," said the company.
"In addition, in certain cities, authorities are once again insisting on selling only essential products. Hence our future revenues continue to remain uncertain."
Avenue Supermarts has 216 stores with the retail business area of 80 lakh square feet across Maharashtra, Gujarat, Daman, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR, Chhattisgarh and Punjab.