Avenue Supermarts shares fall over 4%

New Delhi: Shares of Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, fell over 4 per cent in morning trade on Monday, after the company reported a 9.09 per cent fall in consolidated net profit for the second quarter ended September 30.

The stock fell by 4 per cent to Rs 3,771.70 on the BSE. At the NSE, it declined 4.14 per cent to Rs 3,772.75. Avenue Supermarts Ltd on Saturday reported a 9.09 per cent fall in consolidated net profit at Rs 623.35 crore for the second quarter ended September 30, as gross margins were impacted due to lesser contribution from general merchandise and apparel business.