Avenue Supermarts shares plummet 9% on weak Q2; here’s what analysts say
D-Mart posted a tepid growth in Q2 FY25, owing to lower productivity of stores as well as fast ramp-up of quick commerce services in large metro cities.
D-Mart posted a tepid growth in Q2 FY25, owing to lower productivity of stores as well as fast ramp-up of quick commerce services in large metro cities.
The retail stock has gained more than 7% in four sessions amid optimism over Q1 earnings.
ICICI Securities has maintained a ‘Hold’ rating on Avenue Supermart post Q1FY24, while Prabhudas Lilladher and JM Financial have assigned ‘Buy’ ratings.
The Radhakishan Damani-led value retailer reported revenue of ₹11,569 crore for the quarter ended December.
The surge in Coronavirus cases across the country threatens to derail the growth reported by consumer-focussed companies in the March quarter.