is expected to report 15% year-on-year revenue growth to ₹16,618 crore for the July–September quarter, led by continued store expansion to 432 outlets. However, EBITDA margin may contract to 7.5% from 7.6%, while net profit is projected to dip 1.4% to ₹650 crore. Analysts attribute the pressure to monsoon disruptions, GST-related issues, and rising competition from quick commerce players. Weakness in general merchandise and apparel segments, coupled with modest 6.5% same-store sales growth, signals subdued momentum despite network expansion.

#FundamentalViews

514 likes