MUMBAI: The stock price of Avenue Supermarts , which owns DMart , fell 8.4% on Monday on the back of subdued performance in Q2. Stiff competition from quick commerce platforms like Blinkit , Swiggy Instamart and Zepto in large metros has impacted the growth, analysts said. DMart's year-on-year consolidated revenue growth of 14% in Q2 was slower than its 18-20% revenue growth in the past few quarters, brokerages said. Morgan Stanley and JPMorgan downgraded DMart.
Quick commerce platforms deliver groceries, household essentials and a range of non-grocery items to consumers at their doorstep in 10 minutes, nudging more people to sign up for the services. Tnn
Quick commerce platforms deliver groceries, household essentials and a range of non-grocery items to consumers at their doorstep in 10 minutes, nudging more people to sign up for the services. Tnn
You may also like
Picture perfect (finally): Colorado hangs Trump's 'glimmery' portrait - approved by the man himself
Trump's 'Big Beautiful Bill' could cost thousands of lives, say University researchers
India dominates England as Amanjot Kaur and Jemimah Rodrigues shine bright in the 2nd T20I. A look at their education qualifications
Goldman Sachs names Raghav Maliah global chairman of investment banking, memo shows
Chargesheet against Hindu monk submitted