V2 Retail, DMart stocks tumble on weak September business updates

Shares of V2 Retail fell 19 percent during Monday's trading session, marking a fresh 52-week low for the retail chain operator. The sharp decline followed the release of September business metrics that fell short of market expectations, triggering a broad sell-off in retail equities.

Avenue Supermarts Limited, which operates the DMart supermarket chain, also came under pressure, slipping 4 percent to trade near its 52-week low. The broader weakness in discretionary retail stocks reflected investor concerns over consumer spending patterns and operational performance in the September quarter.

The September business updates from both companies pointed to softer-than-anticipated revenue growth and comparable store metrics, raising questions about the durability of consumer demand across the organized retail sector. Analysts attributed the market reaction to growing uncertainty around festive season sales, traditionally a critical period for Indian retail businesses.

The selloff underscores mounting pressure on retail valuations amid macroeconomic headwinds and changing consumer behavior patterns. Investors remain cautious ahead of full quarterly results, with many reassessing their earnings projections for the fiscal year.