India’s consumption outlook remains strong and DMart has a deeply moated business model, says CLSA
“We have cracked proximity, but yet to crack value and DMart, the retail giant, has cracked value but not proximity,” Palicha is learnt to have said, per employees Moneycontrol spoke to.
The investments come through a secondary share purchase ahead of Lenskart’s SEBI-approved IPO, which includes a Rs 2,150-crore fresh issue and an offer for sale by existing shareholders.
Avenue Supermarts share price today: Analysts noted stabilisation in Avenue Supermarts' gross margins in Q2, they flagged rising operating expenses, slower same-store growth, and the scaling back of its online venture. Higher employee and finance costs weighed on margins.
DMart share price: Goldman Sachs maintained its ‘Sell’ rating on the stock, and reduced its target price to Rs 3,370 apiece. This implies a downside potential of nearly 24% from the stock’s previous closing price.
D-mart's total store count as on date stands at 426, the company said, adding 11 stores during the June quarter.
Avenue Supermarts benefited from favourable pricing in staples and non-food categories, however increased competitive intensity, especially from quick commerce firms, weighed on profitability.
Avenue Supermarts added nine new stores in Q1FY26, up from six in Q1FY25 but significantly lower than the 28 additions seen in Q4FY25.
However, Morgan Stanley isn't enthused by DMart's Uttar Pradesh expansion and gave an underweight call with target price of Rs 3,260
Avenue Supermarts saw 16 lakh shares, representing 0.21 percent of the total outstanding equity, change hands in a large trade.
Brokerages cut their target price on Avenue Supermarts shares as competition intensity and margin pressure are likely to weigh on the DMart parent's performance.
Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said, 'Our revenue in Q4 FY25 grew by 16.7% over the previous year. Profit after tax (PAT) before prior period adjustments declined by 3.4% over the previous year and was not in line with sales growth'
Citi Research maintained its 'Sell' rating on the stock, with a target price of Rs 3,350 per share.
Avenue Supermarts posted its highest quarterly net store additions ever during Q4FY25, and Morgan Stanley has estimated the implied same-store sales growth (SSSG) for Q4FY25 to be at 8-9%, indicating a steady performance.
With Avenue Supermarts currently trading at Rs 4,163.65, the stock reflects a positive trend supported by strong financial performance and bullish investor sentiment.
Quick commerce is posing an existential question for retailers, particularly those with stores on the ground. The new CEO’s expertise in digital commerce and the Unilever way of doing things could reshape DMart
Catch up on the latest stock market news! From quarterly earnings and acquisitions to major deals and investments, here’s a quick update on stocks in focus today: Avenue Supermarts, Just Dial, Adani Wilmar, Waaree Energies, Indian Overseas Bank, and Biocon. Stay tuned for key developments and insights!
Brokerages believe DMart’s margins may continue to be under pressure amid the high competition and management’s focus on market share.
Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes Asian Paints, Avenue Supermarts, BSE and more.
The company also said that Neville will support Anshul for a smooth transition over the next year as the latter joins the company in March, 2025
Avenue Supermart's update for the October-December period brought a lot of cheer to the markets.
Avenue Supermarts reported a standalone revenue from operations at Rs 15,565.23 crore, up 17.5 percent YoY for Q3FY25.
As of December, Avenue Supermarts' store count was 387, indicating that the company added 10 stores during the third quarter.
The Sensex and Nifty remained range-bound for the third consecutive session on December 11, with investors awaiting key inflation data from the U.S. later in the day and India's CPI print on December 12. These data points are expected to offer guidance on future rate trajectories for both economies. While auto and metal stocks gained, energy stocks lagged behind. Here’s a look at the top gainers and losers in trade today.
Vishal Mega Mart store growth to outpace DMart with smaller store openings and a strong focus on Tier-2 cities and towns.