An accelerated ramp-up of online grocery formats (quick commerce) in large metro cities led to a deceleration of key growth metrics for DMart
Dabur is expanding its premium portfolio and Total Addressable Market (TAM). The company estimates its existing portfolio, contributes less than 5 per cent of TAM
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As per reports, Goldman Sachs believes DMart's competitive moat is facing increasing pressure
LIC, Zomato, Dmart among largest firms in the list of 45 stocks
Recently, CG Power entered a corrective phase, leading to a healthy 175-point pullback, which represents about a 20 per cent decline from its recent high
The fall in DMart share price came after the company's September quarter results missed street expectations.
DMart share price fell despite the company posting a strong set of quarterly updates for Q2FY25 (July 2024 - September 2024).
DMart, trading at its highest level since October 2021, had hit a record high of Rs 5,899.90 on October 18, 2021
The uptick in share price came after reports indicated that Hong Kong-based international brokerage CLSA has increased DMart's target price.
DMart witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.
Consolidated net profit rose 17.5% Y-o-Y in Q1FY25 helped by general merchandise and apparel sales
The stock was off highs and was trading merely 0.59 per cent higher at Rs 4,982.55 per share, at 9:57 AM. In comparison, BSE Sensex was trading 0.15 per cent higher at 80,643.32 levels
DMart Q4 results: The revenue from operations of DMart rose to Rs 12,726.5 crore in Q4FY24 from Rs 10,594 crore in the same quarter of previous financial year
Stocks to Watch on Thursday, April 4: State-owned Union Bank of India has raised $500 million (about Rs 4,200 crore) from foreign markets to fund overseas business growth
If grey market activity is any indication, the subsidiary of Bharti Airtel could list at Rs 610, slightly above the initial public offering (IPO) price range of Rs 542-570
Globally it is among the lowest cost retailers. DMart deliberately went slow on private-labels in order to avoid being seen to compete with suppliers and key brands
The brokerage believes investor concerns around competition from quick commerce and vertical-based players are valid but still factored in the stock price
Stable GMA share helped the company report steady gross margins of 14.9 per cent
Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday, reported a 17 per cent rise in its consolidated net profit to Rs 690.41 crore for the third quarter ended December 31. The company had posted a net profit of Rs 589.64 crore in the October-December quarter a year ago, according to a regulatory filing by Avenue Supermarts. Its revenue from operations grew 17.31 per cent to Rs 13,572.47 crore during the quarter under review against Rs 11,569.05 crore in the corresponding quarter of the last fiscal. Avenue Supermarts' total expenses rose 17.31 per cent to Rs 12,656.46 crore in the third quarter of this fiscal. Its total income in the December quarter increased 17.28 per cent to Rs 13,605.39 crore. The total number of stores stood at 341 as of December 31, 2023. Meanwhile, in a separate filing, Avenue Supermarts said its board has appointed Harishchandra M Bharuka as an Independent Director of the company. Promoted by Radhakishan Damani and his family,