Avenue Supermarts: DMart Estimates 16% Revenue Growth in Q1
Avenue Supermarts, DMart's parent company, estimates a 16% year-on-year increase in standalone revenue to ₹15,932.10 crore for Q1. The company has expanded to 424 stores across India, including a new major store in Agra, Uttar Pradesh. Despite strong revenue growth, Morgan Stanley maintains an 'underweight' rating with a target price of ₹3,260.00.

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Avenue Supermarts DMart , the parent company of DMart retail chain, has estimated a significant increase in its standalone revenue for the first quarter. The company's performance showcases robust growth in the retail sector.
Q1 Revenue Highlights
Avenue Supermarts estimates standalone revenue of ₹15,932.10 crore for the first quarter, marking a notable increase of 16% year-on-year.
Store Expansion
As of June 30, the company has expanded its presence to 424 stores across India. This expansion includes a new major store opening in Agra, Uttar Pradesh, further strengthening DMart's footprint in the country.
Market Implications
The substantial estimated revenue growth reported by Avenue Supermarts could potentially impact investor sentiment. As one of India's leading supermarket chains, DMart's performance often serves as an indicator of consumer spending trends and the overall health of the retail sector.
Analyst Perspective
Morgan Stanley maintains an 'underweight' rating on Avenue Supermarts with a target price of ₹3,260.00. This rating suggests a cautious outlook despite the company's strong revenue growth estimates.
Looking Ahead
While the company has shown impressive top-line growth estimates, investors and analysts will likely be keen to see how this translates into profitability and market share gains in the coming quarters. The management's strategies for sustaining this growth trajectory in the face of evolving consumer behaviors and potential economic challenges will be of particular interest to stakeholders.
Avenue Supermarts' ability to achieve and maintain this growth momentum could have significant implications for its competitive position in the Indian retail landscape.
Historical Stock Returns for Avenue Supermarts DMart
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.36% | +2.70% | +9.10% | +21.62% | -8.00% | +91.33% |