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DMart shares drop 8.5% on disappointing Q2 results
DMart shares drop 8.5% on disappointing Q2 results; brokerages downgrade amid online competition
Shares of Avenue Supermarts- the parent company of the popular Indian supermarket chain DMart, fell by nearly 8.5% on Monday, hitting a low of ₹4,187.25 on the BSE on the back of weak Q2 earnings impacted by the growing popularity of online grocery platforms in the country.
Dmart Shares Fall on Concern Online Competitors Hurting Sales
Shares in India’s Avenue Supermarts Ltd., also known as Dmart, fell the most in over five years on concern that online competition was impacting the company’s current business model.
DMart tumbles 9% as analysts downgrade stock post ‘weaker’ Q2
DMart owner Avenue Supermarts faces 8.48% stock slump post weaker results, analysts cautious, target prices revised downward.
DMart shares plunge 9% as it misses Q2 street estimates; brokerages mixed
In the September quarter (Q2FY25), DMart’s net profit increased 5.8 per cent year-on-year (Y-o-Y) to Rs 659.6 crore, compared to Rs 623.6 crore in the same quarter previous fiscal (Q2FY24). The revenue rose 14.4 per cent annually to Rs 14,444.5 crore, up from Rs 12,624.37 crore in Q2FY24.
7h
DMart parent falls the most in three years and it's still not rated a buy
Morgan Stanley downgraded the stock to underweight and slashed its price target to ₹3,702 from ₹5,769. JP Morgan cut its ...
10h
For DMart, quick commerce threat comes to the fore
Despite its DMart chain's strong brand, Avenue Supermarts is struggling with rising costs and shifting consumer behavior. As ...
1d
on MSN
Radhakishan Damani, other DMart promoters lose Rs 20,800 crore within minutes as stock plunges 9%
ICICI Securities said Q2 revenue revenue growth at 14 per cent YoY was lowest in a quarter ever. It said like-for-like (LFL) ...
1h
DMart, Reliance earnings signal downgrades?
If earnings growth is the key driver of stock valuations, then quarterly results of Reliance Industries and Avenue Supermarts ...
moneycontrol.com
13h
DMart’s value proposition is getting trumped by Quick Commerce's convenience
DMart
’s shares fell by 8 percent in early trading on Monday, after its results were declared and it reported a slimmer than ...
2d
on MSN
DMart Q2 Results: Avenue Supermarts net profit rises 5.77% to ₹659.58 crore, revenue up 14.41% YoY
Avenue Supermarts reported a net profit of ₹659.58 crore in the July-September quarter, compared to ₹623.56 crore in the year ...
The Financial Express on MSN
5h
DMart faces pressure from quick commerce as online grocery platforms challenge growth
While Avenue Supermarts has an online offering called DMart Ready to counter online grocery platforms, experts say that its slower delivery timelines leave it vulnerable to quick commerce players, who ...
1d
Is it time to turn cautious on DMart?
DMart is facing increasing competition from quick-commerce online players and margin pressure is likely to sustain in the ...
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