D-Mart parent’s shares fall 6.7% despite strong September-quarter sales

The Economic Times reports that Avenue Supermarts, which runs D-Mart, recorded around 18% year-over-year growth in standalone sales in the September quarter. Its shares nevertheless fell 6.7%, their steepest drop in nearly two years, after two brokerages kept sell ratings citing e-commerce competition. Marico reported double-digit underlying volume growth, while Godrej Consumer Products projected revenue growth in the teens.