Store expansion remained aggressive, with 58 additions during the quarter and 85 stores added in FY26, taking the total network to 500 outlets.
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Brokerages remain positive on the stock. CLSA has maintained a ‘high conviction outperform’ rating with a price target of ₹6,583.CPI inflation for the quarter, based on January and February data, stood at around 3%, compared to 0.6% in Q3, with March trends indicating further firming up of prices.
Morgan Stanley has upgraded the stock to ‘overweight’ and raised its price target to ₹5,188, citing stronger-than-expected revenue growth of about 19%, ahead of its estimates and recent trends.
The brokerage believes DMart stands to benefit from higher inflation, which typically supports same-store sales growth and reinforces its value-driven positioning.
With faster network expansion and favourable external tailwinds, analysts expect revenue growth to improve to 19-20% over FY27-FY28, compared to around 16% estimated for FY26.
Shares of Avenue Supermarts ended 1.45% higher at ₹4,333 in the previous session and have gained over 19% in the last six trading days.
First Published: Apr 6, 2026 8:07 AM IS
