Avenue Supermarts shares fall 4% despite 18% YoY revenue growth in Q2 update

Avenue Supermarts shares declined 4% following the company’s second-quarter update, despite reported revenue growth of 18% year on year.

Revenue rises in Q2 update

The update highlighted an 18% increase in revenue compared with the same period a year earlier. The company’s shares nevertheless fell 4%.

Market response

The share-price decline marks a negative market reaction to the Q2 update, although the available information does not specify the reason for the fall or provide further details on the company’s quarterly performance.

Avenue Supermarts’ Q2 update combines year-on-year revenue growth with a decline in its share price.