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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 5,040 INR | +1.02% |
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+4.86% | +23.45% |
| 07-15 | Jefferies Adjusts Avenue Supermarts' Price Target to INR4,600 From INR4,300, Keeps at Hold | MT |
| 07-15 | Avenue Supermarts Posts Higher Consolidated Profit in Fiscal Q1 | MT |
BENGALURU (Reuters) - Shares of India's Avenue Supermarts Ltd, which operates the D-Mart retail chain, fell to a six-month low on Monday after the company reported that quarterly core profit margins shrunk due to weak demand.
The company said its earnings before interest, taxes, depreciation and amortization (EBITDA) margins fell to 8.34% in the third quarter from 9.39% a year earlier.
It said the decline mainly reflected a change in product mix and weaker-than-expected discretionary non-FMCG sales.
Avenue Supermarts's shares fell as much as 5.13% to 3,665.50 rupees on Monday.
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Savio D'Souza)
| 1st Jan change | Capi. | |
|---|---|---|
| +23.45% | 39.25B | |
| -6.00% | 37.01B | |
| -3.22% | 29.22B | |
| +5.85% | 18.83B | |
| +9.12% | 15.65B | |
| +38.76% | 14.22B | |
| -15.06% | 13.09B | |
| -.--% | 11.82B | |
| -12.98% | 10.44B | |
| -13.85% | 9.84B |
AVENUE SUPERMARTS LIMITED 
