Avenue Supermarts shares fall after strong Q2 revenue update
In short
Avenue Supermarts shares dropped more than 5% even after a strong Q2 FY27 update.
The company said revenue rose 18.4% to ₹19,206.18 crore, with a 4.7% rise from the previous quarter. The report does not explain the selloff, though analysts still sound upbeat.
What the reporting says
Avenue Supermarts shares fell more than 5% despite reporting 18.4% revenue growth for Q2 FY27, with standalone revenue at ₹19,206.18 crore, according to Mint Markets. The update also showed a 4.7% sequential increase, while analysts remained optimistic even as bearish market signals weighed on the stock. The report does not state why the share price fell despite the numbers.
Why it matters
The Mint report says Avenue Supermarts posted Q2 FY27 standalone revenue of ₹19,206.18 crore, up 18.4% year on year and 4.7% quarter on quarter, but the share price still fell over 5%. It notes optimistic analyst ratings alongside bearish market signals. The cause of the drop was not stated.