DMart

The stock had gained up to 11 per cent in the last five straight trading sessions.

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Each apartment is about 5,000 sq ft in size and has been sold for Rs 50-60 crore

It said the decline mainly reflected a change in product mix and weaker-than-expected discretionary non-FMCG sales

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, has reported a 24.7 per cent rise in its standalone revenue from operations to Rs 11,304.58 crore for the third quarter ended on December 31, 2022. The company had revenue from operations of Rs 9,065.02 crore in the October-December quarter a year ago, Avenue Supermarts said in a regulatory filing on Tuesday. "Standalone Revenue from operations for the quarter ended December 31, 2022, stood at Rs 11,304.58 crore," it said while sharing an update at the end of the quarter. The total number of stores stood at 306 as of December 31, 2022. In the year-ago period, Avenue Supermarts' standalone revenue was at Rs 7,432.69 crore. Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across markets which include -- Maharashtra, Gujarat, Daman, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.

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The management said that the inflationary stress is more acute at lower price points in discretionary non-FMCG categories.

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Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, has reported a 35.75 per cent rise in standalone revenue from operations to Rs 10,384.66 crore for the second quarter of the current fiscal. The company had revenue from operations of Rs 7,649.64 crore in the year-ago period, according to a regulatory filing. "Standalone revenue from operations for the quarter ended September 30, 2022, stood at Rs 10,384.66 crore," it said in the regulatory filing on Monday. It had a total of 302 stores at the end of September. In the July-September quarter of FY 2020-21, Avenue Supermarts' standalone revenue was at Rs 5,218.15 crore. It was at Rs 5,949 crore in the pre-pandemic July-September quarter of FY 2019-20. Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across various states including Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana and Tamil Nadu.

The retailer's revenues in Q2 were lower than estimates

Avenue Supermarts could scale up the chain known for its knockdown prices on everything from lentils to laundry powder to 1,500 supermarkets from 284

Jefferies maintains 'Hold' rating on the stock as the management is watchful of 'potential volume stress' in discretionary segments due to inflation

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

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Store additions strong while same store sales declined in Q1

Shoppers Stop is expected to rise 15 per cent, while Avenue Supermarts, may decline on breakdown of support.

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Standalone revenue rose 18% to Rs 8,606 cr

In the past six months, the stock has underperformed the market by falling 26 per cent as compared to a 10 per cent decline in the S&P BSE Sensex.