Avenue Supermarts D-Mart

In Q3FY23, earnings before interest, taxes, depreciation, and amortization margins declined by 100 bps YoY to 8.6 per cent from 9.6 per cent in Q3FY22

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The company is scheduled to announce June quarter results on Saturday, July 9, 2022.

Store additions strong while same store sales declined in Q1

Though January 2022 started extremely well but the omicron wave reduced the momentum over middle of the month.

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Shares of Avenue Supermarts crossed the Rs 5,000 mark for the first time

With Rs 2.51 trillion market cap at 12:18 pm, Avenue Supermarts stood at 15th position in the overall m-cap ranking

Avenue Supermarts, the owner of D-Mart chain of retail stores, hit a record high of Rs 3,655.95, up 1.7% on the BSE in intra-day trade

Bihar-based electronics retailer Aditya Vision plans to expand its retail footprints to neighbouring markets of Jharkhand, West Bengal, Eastern UP and Assam in the next two years

The Damani family have been steadily increasing their holding in India Cements

With today's rally, the stock has surged 52 per cent in the past three months, as compared to 21 per cent gain in the S&P BSE Sensex

The company's board is slated to meet on January 9 to consider financial results for the quarter ended December 2020

Since October 17, 2020, post July-September quarter (Q2FY21) results, the stock of Avenue Supermarts has rallied 43 per cent, as against a 19-per cent rise in the S&P BSE Sensex

Sales of general merchandise, competitive pressures in the festive season key for Q3 margins

Owner of Avenue Supermarts reported a profit of Rs 323 crore in the same quarter last year

Analysts at Prabhudas Lilladhar believe D-Mart has higher weakness risk in 1HFY21 given that Covid-19 sensitive clusters of Maharashtra, Gujarat and Telangana constitute 63 per cent of total stores

With Rs 1.59 trillion m-cap, the DMart retail chain operator Avenue Supermarts now stands at the eleventh position in the overall m-cap ranking.

The company said nearly 50 per cent of its outlets were closed due to the lockdown and Covid-19 restrictions imposed by local authorities.