Avenue Supermarts falls 2% as profit dips 38% YoY in September quarter

Ebitda margin contracted 240 basis points to 6.2 per cent in Q2FY21 from 8.6 per cent in the year-ago quarter

Shares of Avenue Supermarts, which runs the DMart chain of stores in the country, slipped 2 per cent to Rs 1,949 on the BSE on Monday after the company reported a 38.4 per cent year on year (YoY) fall in consolidated net profit at Rs 199 crore in the September quarter (Q2FY21). The company had reported a profit of Rs 323 crore in the same quarter of last year.

The stock has underperformed the market by falling 8 per cent in the past month, as compared to 2.6 per cent rise in the S&P BSE Sensex.

The company's