Avenue Supermarts shares dropped more than 4% in early Monday trading, erasing gains from the retailer’s latest quarterly results.
The stock fell as much as 4.23% to ₹3,910, signaling that investors are prioritizing valuation discipline over top-line growth in the current market environment.
Revenue grew 14.9% to ₹18,794 crore, reflecting continued expansion in store count and same-store sales momentum.
The Mumbai-based operator of the DMart chain reported consolidated net profit of ₹860.6 crore for the quarter ended June 2026, an 11.3% increase year-on-year.
Revenue grew 14.9% to ₹18,794 crore, reflecting continued expansion in store count and same-store sales momentum.
Despite the solid financial performance, the market reaction suggests that the stock’s premium multiple is facing scrutiny amid broader sector rotation.
The sell-off comes shortly after the company approved a ₹1,000 crore non-convertible debenture (NCD) issue.