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 and are trading at ₹4,224.00 , down-from-52-week-high.
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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