Mumbai/IBNS, July 13 -- Shares of Avenue Supermarts Ltd., the parent company of retail chain D-Mart, fell sharply in early trade on Monday despite the company reporting a strong rise in profit for the first quarter of FY27, media reports said.

D-Mart Shares Slide Despite Strong Q1 Earnings

The decline suggests investors were unimpressed by the earnings performance, with the market possibly factoring in concerns over valuations, margins and future growth prospects. Revenue and Profit Register Double-Digit Growth Avenue Supermarts reported a 13 percent year-on-year increase in consolidated net profit for the April-June quarter of FY27, supported by steady growth in revenue and continued demand across its supermarket network. The company's...