The shares of Avenue Supermarts, the operator of retail giant DMart, skyrocketed 15% to their day's high of Rs 4,153 on the BSE today, following the announcement of a 17% year-on-year (YoY) increase in standalone revenue for the quarter ended December 31, 2024.The company reported revenue of Rs 15,565.23 crore, up from Rs 13,247.33 crore in the same quarter last year. The company shared these updates on January 2, after the market hours.DMart's total number of stores as of December 31, 2024 stood at 387.The announcement was made after market hours on Thursday as part of a regulatory mandate. Shares of Avenue Supermarts ended Thursday's session at Rs 3,615.30 on the NSE, marking a gain of Rs 54.30 or 1.52% from Wednesday's close. However, over the past 12 months, DMart shares have lagged the market, declining by 12%, while the Nifty index rose by nearly 12% during the same period.The correction in the counter has dragged it below its 50-day and 200-day simple moving averages (SMAs) of Rs 3,753 and Rs 4,521.Momentum indicators RSI and MFI on Thursday showed that the counter is trading in a medium range of 46 and 49, respectively, according to the data from Trendlyne. It has traded with a low volatility with its 1-year beta standing at 0.3.Avenue Supermarts, had reported an 8% year-on-year jump in its September quarter standalone net profit at Rs 710.37 crore versus Rs 658.54 crore reported in the year ago period. Revenue from operation stood at Rs 14,050.32 crore, which was up by 14% over Rs 12,307.72 crore reported by the company in the year ago period.However, profit after tax for the reported quarter was lower by over 12% from Rs 812.45 crore reported by the company in the April-June quarter. Meanwhile, revenue witnessed a sequential uptick over Rs 13,711.87 crore posted in Q1FY25.Also Read: Bajaj Finserv and Bajaj Finance soar on rating upgradesOn a consolidated basis, profit for the period stood at Rs 659 crore which was up by 5.6% versus Rs 624 crore reported in the year ago period.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)