Investing.com - Avenue Supermarts reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Avenue Supermarts announced earnings per share of ₹10.50 on revenue of ₹106.40. Analysts polled by Investing.com anticipated EPS of ₹9.98 on revenue of ₹104.55B.
Avenue Supermarts shares are down 71.61% from the beginning of the year , still down 18.46% from its 52 week high of ₹5,180.00 set on Thursday, November 18, 2021.
Avenue Supermarts follows other major Consumer Staples sector earnings this month
Avenue Supermarts's report follows an earnings missed by ITC on Monday, August 1, 2022, who reported EPS of ₹3.4 on revenue of ₹172.9B, compared to forecasts EPS of ₹3.41 on revenue of ₹173.05B.
Nestle India had beat expectations on Wednesday with third quarter EPS of ₹69.32 on revenue of ₹45.91B, compared to forecast for EPS of ₹66.15 on revenue of ₹43.38B.
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