DMart Shares Dip 1.5% Despite Robust Q2 Revenue Growth
Avenue Supermarts (DMart) reported a 15.40% year-on-year increase in standalone revenue for Q2 FY2024, reaching ₹16,218.79 crore. This marks DMart's highest second-quarter revenue in four years, maintaining double-digit growth for the third consecutive year. The company now operates 432 stores across India. Despite these positive results, DMart's shares declined by 1.5%, closing at ₹4,350.00. The Board of Directors is set to meet on October 11 to approve detailed financial results.
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Avenue Supermarts DMart , the operator of the DMart retail chain, reported impressive quarterly results, yet saw its shares decline in recent trading. Here's a breakdown of the key points:
Q2 Financial Highlights
| Metric | Q2 FY2024 | Q2 FY2023 | YoY Change |
|---|---|---|---|
| Standalone Revenue | ₹16,218.79 | ₹14,050.32 | 15.40% |
Key Takeaways
- Record-Breaking Quarter: DMart achieved its highest second-quarter revenue in four years.
- Consistent Growth: The company maintained double-digit growth for the third consecutive year.
- Expanding Presence: DMart currently operates 432 stores across India.
Market Response
Despite the strong financial performance, DMart's shares experienced a 1.5% decline, closing at ₹4,350.00.
Looking Ahead
The Board of Directors is scheduled to meet on October 11 to approve the detailed financial results for the quarter and half-year period.
This quarter's performance underscores DMart's resilience and continued expansion in the competitive retail sector. The upcoming board meeting may provide further insights into the company's financial health and future strategies.
Historical Stock Returns for Avenue Supermarts DMart
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.04% | -3.92% | -8.79% | +6.88% | -5.37% | +108.12% |
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