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.