Why is D-Street's love for D-Mart fading?

There's trouble in paradise for D-Mart. Once a darling of D-Street, the retail giant is no longer winning over investors. In the past three years, its share price has barely budged, and in just the last two trading sessions, the stock dropped around 8 per cent— despite reporting a healthy 14 per cent YoY revenue growth in Q2 FY25. This cooling enthusiasm, however, isn't due to any significant drop in quality. The company has kept its balance sheet clean, earnings growth green and its sales have surged 27 per cent annually in the past 10 years. So, what's casting a shadow on this once-bright star? We've identified three key challenges that seem to be weighing on investors' minds. #1 Rise of E-commerce For years, D-Mart's edge lay in offerin