return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Stocks
    /
  5. DMart-operator Avenue Supermarts shares fall over 7% after lower-than-expected Q2 results

Market News

DMart-operator Avenue Supermarts shares fall over 7% after lower-than-expected Q2 results

Upstox
By Upstox News Desk

2 min read | Updated on October 14, 2024, 10:30 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

DMart share price: Avenue Supermarts, which operates the retail chain DMart, posted a 5.78% jump in its consolidated net profit to ₹659.44 crore in the July-September quarter of FY25 against ₹623.35 crore in the year-ago period.

Stock list

DMART
--
DMart-share-price-q2-results.webp

In Q2 FY25, DMart opened six new stores.

DMart share price: Shares of Avenue Supermarts Ltd, which operates the retail chain DMart, slumped on Monday, October 14, after the company posted lower-than-expected revenue and net profit for the second quarter of the financial year 2024-25 (Q2 FY25).

The stock was trading 7.2% lower at ₹4,241 apiece on the National Stock Exchange (NSE) in the early trade. It declined 7.1% to ₹4,246.9 a unit on the BSE.

The company's market capitalisation stands at ₹2,75,975.89 crore.

Q2 results today: Reliance Industries, HCL Tech, Gopal Snacks among others to declare earnings on October 14; check list

DMart Q2 Results: Net profit rises 5.8% to ₹659.4 crore

Avenue Supermarts posted a 5.78% jump in its consolidated net profit to ₹659.44 crore in the July-September quarter of FY25 against ₹623.35 crore in the year-ago period.

The retail chain's revenue from operations surged 14.41% to ₹14,444.50 crore in Q2 FY25 compared to ₹12,624.37 crore in Q2 FY24.

LIVE UPDATES: Reliance Industries to announce July-September quarter earnings today

The total expenses of the company in the quarter under revenue increased 14.9% to ₹13,574.83 crore, while the total income rose 14.34% year-on-year (YoY) to ₹14,478.02 crore.

According to experts, the results were below market expectations.

In the latest quarter, DMart opened six new stores. As of September 30, 2024, the company has 377 stores.

"Overall H1 FY 2025 like-for-like revenue growth was 7.4% for two years and older stores. The Q2 FY 2025 like-for-like revenue growth for the same cohort of stores was at 5.5%," Neville Noronha, CEO and Managing Director of Avenue Supermarts, said.

Promoted by ace investor Radhakishan Damani and his family, DMart retails essential home and personal products in markets including Maharashtra, Telangana, Gujarat, Andhra Pradesh, Tamil Nadu, Karnataka, Rajasthan, Madhya Pradesh, Punjab, NCR, Daman and Chhattisgarh.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story