Avenue Supermarts share price falls over 4% after Q1 business update. Should you buy or sell the stock?

Avenue Supermarts (DMart) shares fell over 4% after its Q1FY27 business update showed a 4% YoY decline in annualized revenue per store to about 146.3 crore, despite overall revenue rising 15.13% to 18,343.49 crore. Antique Stock Broking cut its FY27 and FY28 estimates by 3% and 2% respectively, flagged subdued profitability from elevated costs and weaker general merchandise and apparel margins, and trimmed its price target to 4,437 from 4,524 while maintaining a Hold rating. The board is set to meet on July 11 to consider Q1 results and a proposal to raise funds through private placement of debt securities.