Avenue Supermarts slips 3% to hit 8-week low after margin squeeze in Q2

The management said that the inflationary stress is more acute at lower price points in discretionary non-FMCG categories.

Shares of Avenue Supermarts, which owns and operates D-Mart stores, slipped 3 per cent to Rs 4,188.85 in Monday’s intra-day trade, after the company reported subdued operational performance in the September quarter (Q2FY23).

The stock price of one of the largest food & grocery retailers in India hit an eight-week low and traded at its lowest level since August 23, 2022. In the past one week, the stock declined 6 per cent, as compared to 0.29 per cent rise in the S&P BSE Sensex. In the past one year, it slipped 21 per cent, as against 5 per cent