NSE: DMART | BSE: 540376

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4281.40 282.40 (7.06%)

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NSE 30 Jul, 2025 3:31 PM (IST)

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Avenue Supermarts Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for DMART, BSE:540376 Avenue Supermarts Ltd.

Avenue Supermarts Ltd.

15 Jul 2019

4281.40

7.06%

Avenue Supermarts: Q1FY20 Result Review

Buy: Avenue Supermarts Ltd.

IDBI Capital

Avenue Supermarts (DMART) reported very strong set of numbers led by store addition and improvement in gross margin. DMART added 8 stores in 1QFY20, which is highest as compared to any other 1Q historically. This is primarily due to spill over (delayed store opening due to time consumed in legal compliance w.r.t property acquisition) from 4QFY19. We expect DMART to add 27 stores in FY20E. Gross margin rose first time after three consecutive quarter of decline, thereby reflecting that the concern on increase in discounting intensity is not structural (long-term) but temporary. We continue to maintain our investment thesis on DMART with a BUY rating and a TP of Rs 1,604....

Avenue Supermarts Ltd.'s price crossed above 100Day SMA today

Avenue Supermarts Ltd.

14 Jul 2019

4281.40

7.06%

Q1FY20 Result Update

Accumulate: Avenue Supermarts Ltd.

Prabhudas Lilladhar

OFS and QIP (Approx. Rs62bn), remains an overhang on the stock D'Mart has sustained strong sales momentum led by Everyday low price model, strong value proposition and clusters based strategy. D'Mart has...

Avenue Supermarts Ltd.'s price crossed above 100Day SMA today

Avenue Supermarts Ltd.

01 Jul 2019

4281.40

7.06%

Avenue Supermarts: Initiating Coverage

Buy: Avenue Supermarts Ltd.

IDBI Capital

We initiate coverage on Avenue Supermarts (DMART) with a BUY rating and target price of Rs 1,604 based on FY21E EV/EBITDA of 35x. Superior business model (ability to provide highest discount consistently on a profitable basis) and huge scope of penetration should help DMART to outperform competition. Concern on margin pressure due to rise in discounting intensity by online players is temporary (as has been proved globally) and not structural. To capture convenience driven online retail, DMART ready is best placed to drive aggressive growth. We forecast revenue/EBITDA /EPS to grow at 28%/32%/37% CAGR over FY19-21E....

Avenue Supermarts Ltd. has an average target of 4134.17 from 6 brokers.

Avenue Supermarts Ltd.

12 Jun 2019

4281.40

7.06%

Analyst Meet Update

Hold: Avenue Supermarts Ltd.

Target

Prabhudas Lilladhar

D'Mart Analyst Meet reinforced our confidence in Everyday low Prices and Change in Estimates | Target | Reco cluster based expansion strategy of the company. FY19 has been a tepid year due to lower than expected store openings and strategic margin correction...

Geojit BNP Paribas decreased Buy price target of Avenue Supermarts Ltd. to 4657.0 on 23 Jul, 2025.

Avenue Supermarts Ltd.

12 Jun 2019

4281.40

7.06%

Growth prospects strong, but margin headwinds blowing fiercely

Sell: Avenue Supermarts Ltd.

Target

Motilal Oswal

Management indicated that it is looking at accelerating store addition (v/s 21 inFY19) and that it is open to further explore the lease model to reduce the capex intensity (capex/sq.ft. up 2.5x over FY16-19). We expect 24 store adds and 26%revenue CAGR over FY19-21.

Avenue Supermarts Ltd.'s price crossed above 50Day SMA today

Avenue Supermarts Ltd.

16 May 2019

4281.40

7.06%

AVENUE SUPERMARTS LIMITED

Buy: Avenue Supermarts Ltd.

Recommendation Target

Geojit BNP Paribas

D'Mart maintains strong revenue growth in Q4FY19 at ~32%YoY, but EBITDA margin declined by 20bps YoY to 7.5%. Gross margin declined by 50bps YoY to 14.4% as the company focused on top line growth at the cost of margins. Store additions has been below expectation but still healthy at 21 stores in FY19 Vs 24 stores in FY18. Board has approved QIP issuance of 2.5cr shares (~Rs3,1bn at CMP) which could lead to faster pace of store additions while dilute EPS (4%) in near-term. Debt payment of Rs1,034cr (till FY19) out of total allocated...

Avenue Supermarts Ltd.'s price crossed above 50Day SMA today

Avenue Supermarts Ltd.

13 May 2019

4281.40

7.06%

Deceleration in earnings growth to put pressure on valuation

Sell: Avenue Supermarts Ltd.

Target

Motilal Oswal

to 14.4% (-30bp QoQ), potentially due to the company's recent focus on price competitiveness. EBITDA margins contracted 25bp YoY as the drop in GM was partly offset by operating leverage benefits. PAT grew 20% YoY (9% miss) to INR2b, as EBITDA growth was partly offset by 33% YoY increase in depreciation cost. For FY19, consol. revenue/EBITDA/PAT grew 33%/21%/12% YoY with 21 store additions, taking the total store count to 176. Risk of decelerating earnings growth: DMART's pace of footprint addition in FY19 slowed to 14% v/s the high-teens growth seen in the last 2-3 years....

Avenue Supermarts Ltd.'s price crossed above 100Day SMA today

Avenue Supermarts Ltd.

12 May 2019

4281.40

7.06%

Q4FY19 Result Update - EPS cut by 6-4-11.4%, Upgrade to Hold

Hold: Avenue Supermarts Ltd.

Recommendation Target

Prabhudas Lilladhar

Looking at fresh issue of 25mn shares, another 25.6mn shares OFS likely to comply with 75% promoter equity by March 2020 We upgrade D'mart from Reduce to hold as 25% decline in share price in the last 5 months has reduced the froth considerably, although absolute returns might lag due to estimated fresh supply of ~Rs62bn in QIP and OFS. Business...

Avenue Supermarts Ltd. is trading at high volume of 3.4M with price gain of 7.06.

Avenue Supermarts Ltd.

15 Jan 2019

4281.40

7.06%

AVENUE SUPERMARTS LIMITED

Hold: Avenue Supermarts Ltd.

Target

Geojit BNP Paribas

Strong revenue growth continues, but margin declines... Avenue Supermarts Ltd (D'Mart) owns & operates India's most profitable supermarket, D'Mart. It provides products like Foods, Non-Foods (FMCG), general Merchandise and Apparel categories through 164 stores (5.3 mn sq. ft). D'Mart sustains strong revenue growth in Q3FY19 at ~33%YoY, but EBITDA margin declined by 200bps YoY (+30bps QoQ) due to price cuts. Gross margin declined by 170bps YoY to 14.7% as the company focused on top line growth at the cost of margins....

Geojit BNP Paribas decreased Buy price target of Avenue Supermarts Ltd. to 4657.0 on 23 Jul, 2025.

Avenue Supermarts Ltd.

14 Jan 2019

4281.40

7.06%

Q3FY19 Result Update - 5-10% EPS Cut

Sell: Avenue Supermarts Ltd.

Target

Prabhudas Lilladhar

We cut FY19 and FY20 EPS estimates of D'Mart by 10.7% and 5% following 200bps margin decline and just 2% PAT growth in 3Q19. D'Mart continues to focus on strong sales led by Everyday Low price strategy. Margins have been impacted by higher spends behind new store infrastructure, people and expenses to manage festive demand through higher operating hours. D'Mart has lowered prices across categories led by benefits from higher economies of scale which reinforces its pole position of a value retailer. D'Mart has growth strategy is place led by 1) gradual acceleration in store...

Avenue Supermarts Ltd. has an average target of 4134.17 from 6 brokers.

Is Avenue Supermarts Ltd. worth buying?

1644 Votes:

Buy 67.76%

Sell 16.73%

Hold 15.51%

RESEARCH REPORTS

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