Avenue Supermarts (DMart) shares fell 3 percent in early trade on Monday after the retailer's fiscal second quarter earnings disappointed on profitability despite an improvement in revenue growth and consumer demand.
The stock was trading around Rs 3,411, making it one of the top losers on the BSE 500 and NSE 500 indices. DMart shares had also declined 1.9 percent on Friday, ahead of the results. The stock has fallen 5.4 percent so far in 2026, compared with a 13.9 percent decline in the Nifty 50.
Brokerages remained divided on DMart's outlook, with CLSA projecting substantial upside, while Citi maintained its bearish stance amid concerns over weakening store productivity, rising costs and quick-commerce competition.
Avenue Supermarts reported an 8.5 percent year-on-year increase in consolidated net profit to Rs 743.5 crore for Q2 FY27, while revenue rose 17.8 percent to Rs 19,644 crore. EBITDA increased 15 percent to Rs 1,394 crore, although the margin contracted to 7 percent from 7.3 percent a year earlier. Like-for-like (LFL) growth improved to 9.5 percent, while the retailer added 15 stores during the quarter, taking its total network to 518 outlets.
Share Markets Live Updates | Sensex, Nifty, GIFT Nifty Today