India's Avenue Supermarts

DMart operator plans faster store rollout with focus on north India and Tier-II cities, eyes 20% expansion and long-term potential of up to 1,900 outlets

Avenue Supermarts Limited Q2 results: Revenue for the quarter saw a 14.41 per cent rise, amounting to Rs 14,444.5 crore, up from Rs 12,624.37 crore year-on-year

The stock was off highs and was trading merely 0.59 per cent higher at Rs 4,982.55 per share, at 9:57 AM. In comparison, BSE Sensex was trading 0.15 per cent higher at 80,643.32 levels

Stock correction was also on account of margin concerns

The retailer's revenues in Q2 were lower than estimates

Stock up over 20 per cent in three months, but company's aggressive store expansion and low-pricing strategy also suggests medium-term growth levers intact

Supermarket operator operates 118 stores across 45 cities under the D-Mart brand