Avenue Supermarts slides more than 6% after guiding for about 75 new stores in FY25
AI Market Summary
Avenue Supermarts' analyst-call commentary signaled slower growth: FY25 store additions guided to ~75 versus street expectations of 80–100, with same-store sales growth at 5% and quick commerce framed as a structural threat. Increased reliance on leased stores also raised concerns about operating and free cash flow pressure, prompting expectations of a low single-digit earnings estimate cut. The stock dropped >6%, weighing on Indian consumer/retail sentiment.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT-0.03%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Avenue Supermarts (DMart’s parent, symbol ONUS) told analysts it plans to open around 75 new stores in FY25, below market expectations of 80–100. The company reported same-store sales growth of 5% for the same period. The more cautious expansion outlook sparked concerns about slowing momentum, sending ONUS down more than 6% in a single session and trimming its year-to-date gain to 2.5%.
