Avenue Supermarts Share Price Target: Shares of Avenue Supermarts, which owns and operates the retail chain DMart, fell over 4 per cent in Monday’s trade (May 4) following the company’s quarterly earnings announcement. The stock opened under pressure and extended losses during early trading hours.
At around 9:55 am, the shares were down about 3.5 per cent (Rs 159.15) at Rs 4,431.55. During the session, the stock also touched an intraday low of Rs 4,395, marking a decline of roughly 4.3 per cent from the previous close of Rs 4,590.70.
The company, founded by investor Radhakishan Damani, reported a 19.17 per cent year-on-year increase in consolidated net profit at Rs 656.42 crore for the March quarter (Q4 FY26). This compares with a net profit of Rs 550.79 crore in the same period last year, according to its regulatory filing. (DMart Q4 Result)
Nuvama maintains HOLD for DMart
Nuvama retains a ‘HOLD’ rating and raises the target price to Rs 4,975 from Rs 4,351. This reflects an upside potential of over 13 per cent from the current price level.
The brokerage highlights that bills per store fell 4.5 per cent, while average bill size rose 2.8 per cent year-on-year. Higher rentals, depreciation, and delivery-led losses weighed on margins despite gross margin improvement.
Goldman Sachs recommends SELL
Goldman Sachs maintains a ‘Sell’ rating and raises the target price to Rs 4,000 from Rs 3,730, implying a downside of 9.5 per cent.
EBITDA margin at 6.85 per cent met estimates. Growth was aided by pantry stocking and store expansion, with slight EPS upgrades for FY27–28, it said.
Emkay sees 19% downside
The brokerage maintains a ‘Sell’ rating with a target price of Rs 3,700, implying around 19 per cent downside.
According to the brokerage, EBITDA margin gains were driven by better gross margins and lower other expenses, partially offset by higher employee costs. However, aggressive expansion led to negative free cash flow of nearly Rs 4,000 crore in FY26, while allied costs are expected to limit PAT growth to about 16 per cent in FY27E.
Morgan Stanley expects 18% Upside
Morgan Stanley maintains an ‘Overweight’ rating with a target price of Rs 5,188, implying an upside potential of 17.5 per cent.
The brokerage highlights that revenue, EBITDA, and PAT grew 19 per cent, 27 per cent, and 19 per cent year-on-year, respectively. DMart Ready’s presence reduced slightly to 18 cities, while the FY27 outlook remains favourable due to store expansion and easing inflation.
Motilal Oswal maintains BUY
Motilal Oswal maintains a ‘Buy’ rating with a revised target price of Rs 5,200 (earlier Rs 5,000), raising FY27–28 PAT estimates by around 3-7 per cent. It projects a 19/20/19 per cent CAGR in revenue, EBITDA, and PAT over FY26–28. The revised price target reflects an upside of over 17.7 per cent.
Axis Capital holds positive outlook
Axis Capital maintains an ‘Add’ rating and increases its target price to Rs 5,050 from Rs 4,900, reflecting a constructive outlook post results.
| Brokerages | Stock Recommendation | Share Price Target |
| Nuvama | HOLD | Rs 4,975 |
| Goldman Sachs | SELL | Rs 4,000 |
| Emkay | SELL | Rs 3,700 |
| Morgan Stanley | Overweight | Rs 5,188 |
| Motilal Oswal | BUY | Rs 5,200 |
| Axis Capital | ADD | Rs 5,050 |
(Disclaimer: The above article is meant for informational purposes only and should not be considered investment advice. ET NOW DIGITAL suggests readers/audience consult their financial advisors before making any money-related decisions.)
