India`s DMart falls on quarterly profit miss, margin drop
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Shares of India's Avenue Supermarts Ltd, which operates the DMart retail chain, fell 3.5% on Monday after the company's fourth-quarter profit missed estimates and core profit margin contracted.
Earnings before interest, taxes, depreciation and amortization (EBITDA) margin fell to 7.3% in the reported quarter from 8.4% in the year-ago period, the company said on Saturday.
DMart's profit rose nearly 8% to 4.60 billion rupees year-on-year, but missed analysts' estimate of 5.21 billion rupees, according to Refinitiv IBES data
