DMart misses profit estimates, exits low-contributing cities to refocus e-commerce
Avenue Supermarts (DMart) posted net income below analyst expectations and shut e-commerce operations in several underperforming cities, sharpening its omni-channel strategy around higher-density markets.
Amid an IT-focused earnings piece, Avenue Supermarts (DMart) missed net income estimates and refocused its e-commerce strategy by shutting operations in several low-contributing cities.
Why this matters
DMart shares have slipped despite recent profit gains, including a Q1 net profit rise of 11.33% to Rs 860.44 crore and revenue up 15.1% to Rs 18,343 cr with 504 stores. Exiting weak e-commerce cities sharpens focus amid investor caution.
Retail-company signals accelerating, up 746100% QoQ.
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