The retailer reported standalone revenue of ₹18,343.5 crore for the quarter ended June 30, 2026, an increase of 15.1% from ₹15,932.1 crore in the corresponding period last year.
During the quarter, the company added three stores, taking its total store count to 503, while its store network expanded 18.6% year-on-year.
The company has also scheduled a board meeting on July 11 to consider raising funds through the issuance of debt securities.
Goldman Sachs maintained its ‘Sell’ rating on Avenue Supermarts with a price target of ₹4,000. The brokerage said revenue growth slowed in the first quarter despite significant store additions towards the end of the March quarter and a favourable inflation environment for FMCG products.
According to Goldman Sachs, key upside risks to its cautious view include a faster-than-expected pace of store expansion, successful scaling of DMart Ready to offset rising online competition, slower adoption of e-commerce in grocery retail, and a stronger recovery in discretionary spending by middle-income consumers.
Macquarie reiterated its ‘Underperform’ rating on the stock with a target price of ₹3,100. The brokerage described the June quarter sales performance as disappointing, noting that both revenue growth and store additions came in below its expectations.
It also believes same-store sales growth moderated from the levels seen in the March quarter.
Morgan Stanley, however, retained its ‘Overweight’ rating with a price target of ₹5,083. While the brokerage acknowledged that the 15% revenue growth fell short of expectations following a strong March quarter, it said the weaker-than-expected growth could weigh on the stock in the near term.
It added that investors should closely track margins when the company reports its quarterly earnings.
According to Bloomberg data, 31 analysts currently cover Avenue Supermarts. Of these, 10 have a ‘Buy’ rating, another 12 recommend ‘Hold’, while nine maintain a ‘Sell’ rating.
Shares of Avenue Supermarts ended Thursday’s session 3.3% lower at ₹4,184. The stock has gained around 13% so far in 2026.
