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The Economic Times
The Economic Times
Business
Veer Sharma

DMart shares fall 4% after Q1 results. What are Motilal Oswal, other brokerages saying?

DMart

Shares of Avenue Supermarts, the operator of DMart, declined as much as 4% to Rs 3,930 on Monday despite the company reporting an 11.3% year-on-year (YoY) rise in consolidated net profit for the June quarter at Rs 860.6 crore, compared with Rs 773 crore in the corresponding quarter last year.

The company's revenue from operations increased 14.9% YoY to Rs 18,794 crore, up from Rs 16,359 crore in the year-ago period. EBITDA rose 15.4% YoY to Rs 1,499 crore from Rs 1,299 crore in the same quarter last year. The retailer also reported a marginal improvement in EBITDA margin, which stood at 8% for the quarter, compared with 7.9% a year earlier.

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