Reduce Avenue Supermarts, target price Rs 3,300: ICICI Securities

ICICI Securities has recommended a reduce call on Avenue Supermarts, setting a target price of Rs 3,300. Avenue Supermarts operates in the retail sector, reporting a consolidated total income of Rs 15,996.69 crore for the quarter ending 31-12-2024. The company's net profit margin declined due to higher staff costs and other operating expenses.