Avenue Supermarts falls 7% after margin disappointment

Avenue Supermarts, which runs the D-Mart supermarkets chain, has dipped 7% to Rs 1,318 after the company's EBITDA margin declined 110 basis points at 8.0% in Q2FY19 as compared to 9.1% in Q2FY18.

Shares of Avenue Supermarts, which runs the D-Mart supermarkets chain,  dipped 7% to Rs 1,318 on the BSE in early morning after margin disappointment in the second quarter of current financial year 2018-19 (Q2FY19).

The company’s EBITDA (earnings before interest, tax, depreciation and amortization) margin declined 110 basis points at 8.0% in Q2FY19 as compared to 9.1% in Q2FY18, Avenue Supermarts said in a statement.

The brokerage firms expected EBITDA margin in the range of 9.2% to 9.6% in Q2FY19.

The company posted 18% jump in its net profit to Rs 2.26 billion for the quarter ended