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For DMart, Weak Consumer Spending Is Not The Only Worry
Analysts are predicting a potential 20% decline in the stock over the next 12 months.
![<div class="paragraphs"><p>DMart store. (Photo: Vijay Sartape/BQ Prime)</p></div>](https://media.assettype.com/bloombergquint%2F2021-03%2Fbef981f8-940e-4899-abc0-e0e310159b58%2FMs_extrior_of_DMart.jpeg?rect=0%2C19%2C1280%2C720&auto=format%2Ccompress&w=200)
DMart store. (Photo: Vijay Sartape/BQ Prime)
Avenue Supermarts Ltd., the operator of the hypermarket chain DMart, is facing more challenges than what its first-quarter earnings reveal.Avenue Supermarts reported its slowest revenue growth on a four-year compound annual growth rate basis in the quarter ended June. The company's other operational metrics, including gross margin and profitability have remained below pre-Covid levels for an extended period. And the retailer added on...
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