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DMart has to add greater number of stores to grow faster, says CEO Neville Noronha, ET Retail

Avenue Supermarts’ first-quarter profit rose marginally but missed estimates, even as the profit margins shrunk owing to higher costs and weak demand in the discretionary category. “Overall gross margins are lower compared to same period in the previous year, primarily due to lower sales contribution of apparel and general merchandise,” said Noronha.

Neville noronhaRadhakishan damaniMotilal oswalNeville noronha companyAvenue supermartsNeville noronhaAvenue supermartsRetail chainMotilal oswal

DMart has to add greater number of stores to grow faster, says CEO Neville Noronha

Avenue Supermarts first-quarter profit rose marginally but missed estimates, even as the profit margins shrunk owing to higher costs and weak demand in the discretionary category. “Overall gross margins are lower compared to same period in the previous year, primarily due to lower sales contribution of apparel and general merchandise,” said Noronha.

Motilal oswalRadhakishan damaniNeville noronhaAvenue supermartsMight also likeRetail chain

Early birds report muted numbers; IT firms face demand worries

Early birds report muted numbers; IT firms face demand worries
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Neville noronhaSanjiv lalBandhan bankMytrah energyBarath energyTata consultancy servicesAvenue supermarts

DMart shares open 1% lower after margins fall in Q1

EBITDA margins fell 140 basis points to 8.9 percent in the April to June quarter as compared with the same quarter in the last year, said the company in an exchange filing.

Neville noronhaNational stock exchangeNational stockAvenue supermartChief executive officerManaging directorAvenue supermarts limitedEarnings before income tax depreciation

DMart Shares Fall 2% After Weak Q1 Earnings

DMart Shares Fall 2% After Weak Q1 Earnings
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

Radhakishan damaniMorgan stanleyNeville noronhaAvenue supermartsKotak institutional equitiesManaging directorAvenue supaermarts