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>
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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