Ebitda at Rs 515 crore was also below Street estimates of Rs 527 crore.
While Avenue Supermart is expected to report strong revenue growth when it declares its results on Saturday, most retail companies are expected to turn in subdued performance for the September quarter. Weak demand and shift of the end of the season sale to the June quarter are reasons for the same, believe analysts. IIFL Institutional Equities analysts led by Avi Mehta expect sales growth to moderate across retail companies given weak demand post the implementation of the goods and services tax. Among retail companies they expect Shoppers Stop to post a 2 per cent fall in same store sales (SSS) growth due to muted demand post GST and lack of contribution from end of season sales given that it was advanced to the June quarter. Due to GST rollout in July, retailers had advanced their end of season sales to June resulting in slack demand in July and August. An early end of season sale coupled with lower footfalls in malls is expected to impact quick services restaurants, say analysts at .