Q-comm rapid growth weighs on DMart, stock falls over 8%

Avenue Supermarts, the owner of DMart, saw an 8.4% drop in its stock price on Monday after reporting slower revenue growth in Q2 due to intense competition from quick commerce platforms such as Blinkit, Swiggy Instamart, and Zepto. Major brokerages downgraded the stock.

Oct 15, 2024 - 01:30

Q-comm rapid growth weighs on DMart, stock falls over 8%

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Avenue Supermarts, the owner of DMart, saw an 8.4% drop in its stock price on Monday after reporting slower revenue growth in Q2 due to intense competition from quick commerce platforms such as Blinkit, Swiggy Instamart, and Zepto. Major brokerages downgraded the stock.