Avenue Supermarts, which operates D-Mart, reports higher first-quarter financial results, alongside a share price drop. Across the quarter, the company’s net profit rises in the low-to-mid teens year-on-year, with one report citing an increase of about 13% and another stating profit grows 11.3% to ₹860.44 crore. Sales from operations also increase, with revenue reported up 14.9% to ₹18,794.53 crore. Management attributes overall growth largely to performance in non-metro cities, while growth in existing (old) stores in metro areas remains flat, according to CEO Anshul Asawa. Despite the profit improvement, one outlet notes that Avenue Supermarts’ share price declines by about 4%, reflecting market reaction that is not aligned with the quarter’s earnings growth. The accounts collectively describe an in-line quarter from an operating perspective, driven by revenue growth, with geographic differences in store performance contributing to the results.