Avenue Supermarts share price declined more than 4% in morning trade on the BSE on Monday, 12 October, after the company reported its September quarter (Q2FY27) results. DMart share price opened at ₹3,405 against its previous close of ₹3,520 and dropped 4.4% to hit a 52-week low of ₹3,366.
Shares of Radhakishan Damani-led Avenue Supermarts declined on Monday after the company reported a modest 8.5% year-on-year (YoY) rise in its Q2FY27 consolidated net profit to ₹742.98 crore. Total income rose almost 18% YoY to ₹19,657.50 crore.
Margins declined during the quarter as expenses increased faster than revenue.
Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) increased 14.7% YoY to ₹1,393 crore in Q2 FY27, while EBITDA margin contracted to 7.1% from 7.3% in the year-ago quarter. Consolidated profit after tax (PAT) margin also declined to 3.8% from 4.1%.
The stock looks set to extend losses for the third consecutive session. Year-to-date, DMart shares are down 9% compared to a 15% fall in the equity benchmark Sensex. However, on a shorter timeframe of six months, the stock's fall is bigger at 23%, compared to a 7% loss in the Sensex.