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 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.
DMart share price: Radhakishan Damani-owned Avenue Supermarts stock drops over 9% as Q2 results 2024 miss estimates
Ace investor Radhakishan Damani-owned Avenue Supermarts disappointed in September quarter earnings with slower than expected revenue and net profit growth and higher costs.
DMart shares slip 9% after downgrades from brokerage firms on Q2 miss
Shares of Avenue Supermarts-owned DMart dropped by 9.3% following disappointing Q2 earnings, leading to downgrades from major brokerage firms. Q2 profit saw an 8% YoY jump but decreased by over 12% from the prior quarter,
DMart shares price: Radhakishan Damani-owned stock slumps 7% after Q2 miss; here's what brokerages say
Shares of Avenue Supermarts dipped as much as 7 per cent in today’s morning session. The DMart operator witnessed a 16.2% YoY growth in its total revenue (consolidated) for the quarter ended on September 30,
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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 ...
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 ...
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) ...
The Financial Express on MSN13h
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 ...
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 ...
For DMart, quick commerce threat comes to the fore
Despite DMart chain's strong brand, Avenue Supermarts is struggling with rising costs and shifting consumer behavior. As ...
DMart tumbles 9% as analysts downgrade stock post ‘weaker’ Q2
Shares of Radhakishan Damani-owned Avenue Supermarts (owners of DMart) slumped 8.48% on Monday following weaker-than-expected ...
India Today on MSN1d
Explained: Why DMart shares plunged 9% in early trade today
The sharp decline in shares came after DMart’s second-quarter earnings failed to meet the market's expectations.
Q-comm rapid growth weighs on DMart, stock falls over 8%
Avenue Supermarts, the owner of DMart, saw an 8.4% drop in its stock price on Monday after reporting slower revenue growth in ...