The company recorded a 16.8 per cent increase in its total revenue to Rs 14,872 crore
Bank Nifty rollovers stood at 69.3 per cent, which was higher than the 3-month average and indicates positive sentiment at the counter, said Axis Securities report.
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DMart share price has been experiencing a significant downturn, having lost nearly 40 per cent from its recent peak of 5,485.
However, in past six months, DMart has underperformed the market by falling 25 per cent, as against 11 per cent decline in the BSE Sensex.
Several brokerages have revised their target prices for DMart, citing concerns about sustained margin pressure.
Before joining Avenue Supermarts in 2004, Noronha worked as a sales executive at Hindustan Unilever
Asawa will succeed Ignatius Navil Noronha, who will complete his current term of five years as the managing director of the company on January 31, 2026
Its revenue for the quarter saw a 14.41 per cent rise, amounting to Rs 14,444.5 crore from Rs 12,624.37 crore Y-o-Y
An accelerated ramp-up of online grocery formats (quick commerce) in large metro cities led to a deceleration of key growth metrics for DMart
Dabur is expanding its premium portfolio and Total Addressable Market (TAM). The company estimates its existing portfolio, contributes less than 5 per cent of TAM
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As per reports, Goldman Sachs believes DMart's competitive moat is facing increasing pressure
LIC, Zomato, Dmart among largest firms in the list of 45 stocks
Recently, CG Power entered a corrective phase, leading to a healthy 175-point pullback, which represents about a 20 per cent decline from its recent high
The fall in DMart share price came after the company's September quarter results missed street expectations.
DMart share price fell despite the company posting a strong set of quarterly updates for Q2FY25 (July 2024 - September 2024).
DMart, trading at its highest level since October 2021, had hit a record high of Rs 5,899.90 on October 18, 2021
The uptick in share price came after reports indicated that Hong Kong-based international brokerage CLSA has increased DMart's target price.
DMart witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.