January 3, 2025
New Delhi, India
DMart Shares
Avenue Supermarts, the operator of DMart, announced a 17% year-on-year (YoY) rise in standalone revenue for Q3 FY25, reaching ₹15,565.23 crore, up from ₹13,247.33 crore in the same period last year. The update, shared on January 2 after market hours, propelled Avenue Supermarts’ stock to surge 15%, touching a day’s high of ₹4,153 on the BSE.
Vishal Mega Mart and Other Retail Stocks Follow Suit
The retail sector witnessed a positive ripple effect as newly listed Vishal Mega Mart shares surged 9.6% to an intraday high of ₹117.50. Since its debut on December 18, Vishal Mega Mart has demonstrated strong momentum, delivering an impressive 41% premium to IPO investors on the BSE.
Shares of V2 Retail also rose, locked in a 5% upper circuit, as the company reported a stellar 58% YoY revenue growth for the December quarter, supported by 25% same-store sales growth and the opening of 45 new stores in FY25.
Retail Sector Outlook
The retail sector’s optimism follows the robust updates from Avenue Supermarts and its peers. After a subdued Q2, DMart’s performance has reignited market confidence, with analysts expecting similar growth trends across the sector.
Avenue Supermarts’ Q3 growth has boosted investor sentiment across retail stocks, including Vishal Mega Mart and V2 Retail. As the sector gains momentum, market participants are watching for continued strong performances in the coming quarters.
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