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Image Credit: Bloomberg Quint

DMart Share Price Falls Ahead Of Q1 Results

  • Shares of Avenue Supermarts Ltd. (DMart) fell 0.82% ahead of the company's first-quarter results on Friday.
  • DMart's revenue for the June quarter is projected to increase by 17.8% year-on-year to Rs 16,583 crore, with a forecasted net profit growth of 14% to Rs 883 crore.
  • In the previous quarter, DMart experienced a decline in profit but reported a revenue increase, leading to anticipation around the upcoming results amidst challenges in the consumer staples sector.
  • Analysts predict potential muted top-line growth for companies in the consumer staples space due to weak underlying demand.

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