Trent surpasses Avenue Supermarts in market cap as DMart shares falls over 9% after Q2 result

The market cap of Avenue Supermarts, the parent company of hypermarket chain DMart, stood at ₹2.72 lakh crore, as per the NSE data.

Radhakishan Damani-owned company’s shares declined over 9% to trade at an intraday low of ₹4,139.95 apiece on the NSE. The stock dropped after the company’s net profit and revenue from operations for the September quarter of FY25 failed to meet estimates.

In Q2FY25, the company posted a quarter-on-quarter decline of over 14% in its net profit at ₹659.44 crore compared to ₹773.68 crore in Q1FY25. On a year-on-year basis, the company's net profit for Q2FY25 grew by more than 5% from ₹623.35 crore in Q2FY24. The retail chain operator’s net profit for the six-month period ended September 30, 2024 (H1FY25) grew over 11% to ₹1433.12 crore compared to ₹1282.06 crore in the six-month period ended September 30, 2023 (H1FY24).

Avenue Supermarts’ consolidated revenue from operations for Q2FY25 grew by 14% to ₹14,444.5 crore compared to ₹12,624.37 crore in Q2FY24. Sequentially, the company’s revenue from operations also grew by 2% compared to ₹14,069.14 crore in Q1FY25. The company’s revenue from operations for H1FY25 stood at ₹28,513.64 crore, increasing over 16% compared to ₹24,489.81 crore in H1FY24.

On the other hand, the Tata Group company has managed to expand the physical presence of its affordable clothing brand Zudio by opening 193 stores in the previous financial year. The company has 545 outlets across 164 Indian cities. Earlier on October 8, the company also expanded its offerings in the jewellery space with the launch of its new lab-grown diamond brand, POME.

Shares of Trent have given Year-To-Date (YTD) returns of over 167% on the NSE; on the other hand, shares of Avenue Supermarts have gained over 2% YTD.

Trent’s shares traded flat at ₹8,182.25 apiece on the NSE, down by 0.64%, at 1:58 pm. On the other hand, shares of Avenue Supermarts traded at ₹4,177.9 apiece, down by 8.63%, on the NSE.