DMart Share Price: Avenue Supermarts, the operator of the DMart retail chain, came under brokerage scrutiny after Emkay Global initiated coverage with a ‘Sell’ rating and a target price of Rs 3,700, citing rich valuations and rising competitive pressure from quick commerce. The cautious call comes even as the retailer posted strong year‑on‑year revenue growth in the March quarter update and stepped up store expansion, underscoring the growing gap brokerages see between near‑term financial performance and long‑term return expectations.
ET Now Q4 Business Update
Dmart’s standalone revenue from operations came at Rs 17,204.5 crore, which was 3.2 per cent above Bloomberg’s estimate of Rs 16,676 crore. However, its standalone revenue declined 2.3 per cent on a sequential basis compared with Rs 17,613 crore in Q3FY26, reflecting a modest quarter‑on‑quarter slowdown. However, revenue rose a strong 19 per cent year‑on‑year from Rs 14,462.4 crore in Q4FY25
Revenue growth at 2-year high
12 new stores announced across multiple states
In an exchange filing dated March 31, the company announced the opening of 12 new stores spread across several key states, including Maharashtra, Tamil Nadu, Odisha, Uttar Pradesh, Haryana, Chhattisgarh, and Gujarat.
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