Economy · India
Vishal Mega Mart Q2 Results Disappoint, Stock Sees Price Cuts
Vishal Mega Mart's net profit for the second quarter missed estimates by 14 percent, according to Emkay Global. The company's stock fell 6% following the results, with analysts citing a festive shift, minimum wage hikes, and higher ESOP expenses as reasons for the margin pressure and slower same-store sales growth (SSSG) in Q2.
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- Centre (2): Business Standard, Business Today