|
30 Jul 2025 |
Avenue Supermarts
|
Consensus Share Price Target
|
4281.40 |
4054.61 |
- |
-5.30 |
hold
|
|
|
|
|
16 Oct 2023
|
Avenue Supermarts
|
Axis Direct
|
4281.40
|
4000.00
|
3856.80
(11.01%)
|
Target met |
Hold
|
|
|
We maintain our HOLD rating on the stock with the revised TP to Rs 4,000/share. We value the company at 65xFY25EPS. The TP implies an upside of 2% from the CMP.
|
|
15 Oct 2023
|
Avenue Supermarts
|
Motilal Oswal
|
4281.40
|
4500.00
|
3935.85
(8.78%)
|
Target met |
Buy
|
|
|
|
|
14 Oct 2023
|
Avenue Supermarts
|
Prabhudas Lilladhar
|
4281.40
|
4724.00
|
3935.85
(8.78%)
|
Target met |
Buy
|
|
|
|
|
31 Jul 2023
|
Avenue Supermarts
|
Geojit BNP Paribas
|
4281.40
|
4150.00
|
3752.80
(14.09%)
|
Target met |
Buy
|
|
|
|
|
26 Jul 2023
|
Avenue Supermarts
|
Prabhudas Lilladhar
|
4281.40
|
4574.00
|
3712.65
(15.32%)
|
Target met |
Buy
|
|
|
|
|
17 Jul 2023
|
Avenue Supermarts
|
Axis Direct
|
4281.40
|
3870.00
|
3713.55
(15.29%)
|
Target met |
Hold
|
|
|
Recommendation With an 1% upside from the CMP, we maintain our HOLD rating on the stock.
|
|
16 Jul 2023
|
Avenue Supermarts
|
ICICI Securities Limited
|
4281.40
|
3700.00
|
3838.75
(11.53%)
|
Target met |
Hold
|
|
|
1QFY24 result was below consensus expectations, which was not a surprise. Revenue growth of 18% YoY (vs 12% retail area expansion) is un-exciting. Under- recovery in general merchandise and apparel (still below pre-pandemic levels) continues to be a drag on gross margins (decline of 125 bps YoY).
|
|
16 Jul 2023
|
Avenue Supermarts
|
Motilal Oswal
|
4281.40
|
4420.00
|
3838.75
(11.53%)
|
Target met |
Buy
|
|
|
|
|
15 Jul 2023
|
Avenue Supermarts
|
Prabhudas Lilladhar
|
4281.40
|
4587.00
|
3838.75
(11.53%)
|
Target met |
Buy
|
|
|
|
|
13 Jul 2023
|
Avenue Supermarts
|
ICICI Securities Limited
|
4281.40
|
3800.00
|
3821.65
(12.03%)
|
Target met |
Hold
|
|
|
Avenue Supermarts’ (DMART) share price has been largely flat over last two years. We reckon there are some structural concerns: (1) revenue growth slowing to ~20% from 25-30% (pre-covid), (2) continued underperformance in revenue per sq. ft (9% below pre-covid) due to slower-than-expected recovery in (margin-accretive) general merchandise (GM) and apparel segment.
|