Q2 preview: Avenue Supermart may see its profits drop by a third
MUMBAI: Radhakishan Damani-owned Avenue Supermarts may see its profit drop by at least a third in the quarter ended September due to lower footfalls on the back of extended lockdowns amid the Covid-19 pandemic. Kotak Institutional Equities expects the company’s net profit to drop 33.5 per cent year-on-year (YoY) to Rs. 221.7 crore, while it … Read more