The scrip declined 4.99 per cent to Rs 2,287.90 on the BSE.
On the NSE, it dropped 4.99 per cent to Rs 2,273.05.
The company is retailing only essential items from the operating stores and average footfall is "significantly lower than usual" due to several restriction imposed by the authorities, Avenue Supermarts said on Friday.
"Nearly 50 per cent of our stores remain closed for operations based on directive by the local authorities," it said.
Moreover, in the operating stores, footfall depends on the movement and timing restrictions enforced by the local authorities, it added.
The Mumbai-based company, has presence in 206 locations through D-mart stores.
