Monday, March 17, 2025 | 01:07 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

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.

DMart
Premium

A DMart store in Mumbai. (Photo: Bloomberg)

SI Reporter Mumbai
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in