Avenue Supermarts, operator of DMart stores, reported a 17% YoY increase in standalone revenue for Q3FY24, reaching ₹15,565.23 Cr. The news drove shares up by 15% to ₹4,153.
Q3FY24 revenue surged to ₹15,565.23 Cr from ₹13,247.33 Cr YoY. Total DMart stores stood at 387 as of December 2024.
Despite the revenue jump, DMart shares have underperformed, declining 12% in a year while the Nifty gained 12%. Shares closed at ₹3,615.30, up 1.52%.
DMart trades below its 50-day SMA (₹3,753) and 200-day SMA (₹4,521). RSI (46) and MFI (49) suggest moderate momentum.
In Q2FY25, Avenue Supermarts posted ₹14,050.32 Cr in revenue, an 8% YoY profit increase to ₹710.37 Cr, highlighting steady growth.
Consolidated profit for Q2FY25 stood at ₹659 Cr, up 5.6% YoY. Sequential revenue growth adds optimism to Avenue Supermarts’ outlook.
DMart's operational growth continues, but market underperformance signals challenges. Investors weigh revenue gains against share price trends.