avenue supermarts limited

HSBC downgraded avenue supermarts citing margin pressures, while Macquarie maintained an outperform rating on HPCL after strong quarterly earnings. Morgan Stanley remains overweight on KEI Industries, highlighting robust cable and wire revenue growth. Jefferies reiterated a buy rating for Polycab, noting market share gains and strong sales.

Brokerage firms have adjusted their ratings and target prices for several key stocks. UBS remains neutral on SBI, while CLSA downgraded Kotak Mahindra Bank to 'hold.' Jefferies cut Avenue Supermart's target price due to margin concerns. Prabhudas Lilladher suggests reducing Indian Oil Corp, and InCred Equities maintains a 'reduce' rating on JSW Steel citing valuation concerns.

Mukesh Ambani, Chairman of Reliance Industries, faced a significant drop in wealth, exiting the global top 10 richest list due to rising debt levels. However, he remains Asia's richest person. Elon Musk became the world's wealthiest with $420 billion net worth.

Shares of avenue supermarts, the owner of retail chain D-Mart, dropped over 4% following a 9.09% decline in consolidated net profit for the second quarter. The fall in profit was attributed to reduced contribution from general merchandise and apparel business. However, the company's revenue from operations increased by 18.66% during the same period. avenue supermarts operates in multiple states across India, including Maharashtra, Gujarat, and Tamil Nadu.

MUMBAI: avenue supermarts, which owns and operates D-Mart stores, reported a 47% growth in fourth quarter (Q4) net profit at Rs 97 crore, on a 41% rise in total revenues at Rs 3,120 crore

avenue supermarts Ltd reported a 5.78% increase in consolidated net profit to Rs 659.44 crore for Q2 FY 2025. Revenue from operations rose 14.41% to Rs 14,444.50 crore. During the quarter, D-Mart opened six new stores, bringing its total to 377 as of September 30, 2024.

avenue supermarts, which owns the DMart supermarket chain, on Wednesday launched a qualified institutional placement (QIP) to raise up to Rs 4,000 crore. Shares rose 4.4% to Rs 2,249 on BSE, outperforming the Sensex which closed 0.9% higher at 41,143.

avenue supermarts Ltd, the owner of D-Mart, reported a 4.8% rise in consolidated net profit to Rs 723.54 crore for Q3 FY2025. Revenue from operations increased by 17.68% to Rs 15,972.55 crore, though PAT margin fell slightly. The company expanded online DMart Ready service and now has 387 stores.

Founded by Mr Radhakishan Damani, a popular Indian businessman and astute investor, avenue supermarts Ltd owns and operates chain of hypermarkets and supermarkets under the DMart brand. DMart is one of the largest and most profit making brands that helps its customers to meet their daily household needs.

avenue supermarts has appointed Anshul Asawa as CEO Designate of D-Mart, succeeding Neville Noronham. Asawa is currently with Unilever and will join DMart in March 2025, taking over as MD and CEO in February 2026. Noronham's significant contributions over two decades have been acknowledged by the company.

Shares of avenue supermarts on Monday wiped out all its early gains and closed over 8 per cent lower. In morning trade, the stock jumped nearly 11 per cent after the company reported a two-fold increase in its consolidated net profit for the second quarter ended September.

avenue supermarts, which owns the DMart supermarket chain, on Wednesday launched a qualified institutional placement (QIP) to raise up to Rs 4,000 crore. Shares rose 4.4% to Rs 2,249 on the BSE, outperforming the sensex which closed 0.9% higher at 41,143.

New Delhi, Jan 14 () Shares of avenue supermarts, which runs the D-Mart supermarket chain, slumped nearly 10 per cent Monday after its December 2018 quarter earnings failed to cheer investors. The scrip cracked 9.48 per cent to Rs 1,420.20 on BSE. On NSE, shares of the company tumbled 9.

The company said its earnings margin before interest, taxes, depreciation and amortization fell to 8.34% in the third quarter from 9.39% a year earlier.

Noronha was in his late 20s when Radhakishan Damani, the main promoter of avenue supermarts, picked him from HUL. He is a science graduate from SIES College of Arts, Science and Commerce in the city, and holds a post-graduation in management degree from Narsee Monjee Institute of Management Studies.

Mumbai, Mar 1 () avenue supermarts, the owner and operator of retail chain D-Mart, has set a price band of Rs 295-299 for its Rs 1,870-crore initial public offering (IPO) which will hit the market on March 8. The issue will close on March 10.