Retail giant Avenue Supermarts Ltd shares sank four percent in the afternoon session on Tuesday, June 10, after a block deal involving Rs 634 crore took place on the bourses.
The parent of supermarket chain DMart saw 16 lakh shares, representing 0.21 percent of the total outstanding equity, changed hands in a large trade. The price traded at was Rs 4,000, representing a 4.2 percent discount compared to the previous session's closing price of Rs 4,179.10
Moneycontrol could not immediately ascertain the buyers and sellers in the deal.
At 1.10 pm, the shares of the firm are quoting Rs Rs 4,090.8, down 2.1 percent on the NSE.
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Avenue Supermarts, which operates the retail chain DMart reported a 2.2 per cent fall in standalone net profit at Rs 551 crore for the fourth quarter ended March 2025, as compared to Rs 563 crore in the corresponding quarter of last year. PAT margin stood at 3.7 percent in Q4FY25 as compared to 4.4 percent in Q4FY24.
The total revenue for the quarter ended March 31, 2025 stood at Rs.14,872 crore, as compared to Rs.12,727 crore in the same period last year. The Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q4FY25 stood at Rs 955 crore, as compared to Rs 944 crore in the corresponding quarter of last year. EBITDA margin stood at 6.4 percent in Q4FY25 as compared to 7.4 percent in Q4FY24.
Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across markets, including Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh and Daman.
Shares of Avenue Supermarts have fallen over 14 percent over the past year, while the Nifty 50 has gained eight percent during the same time period.
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