|
13 Sep 2025 |
Avenue Supermarts
|
Consensus Share Price Target
|
4616.60 |
4234.90 |
- |
-8.27 |
hold
|
|
|
|
|
15 Jul 2023
|
Avenue Supermarts
|
Prabhudas Lilladhar
|
4616.60
|
4587.00
|
3838.75
(20.26%)
|
Target met |
Buy
|
|
|
|
|
13 Jul 2023
|
Avenue Supermarts
|
ICICI Securities Limited
|
4616.60
|
3800.00
|
3821.65
(20.80%)
|
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.
|
|
15 May 2023
|
Avenue Supermarts
|
ICICI Direct
|
4616.60
|
3900.00
|
3523.40
(31.03%)
|
Target met |
Hold
|
|
|
|
|
15 May 2023
|
Avenue Supermarts
|
Axis Direct
|
4616.60
|
4000.00
|
3523.40
(31.03%)
|
Target met |
Hold
|
|
|
Recommendation With an 8% upside from the CMP, we maintain our HOLD rating on the stock.
|
|
14 May 2023
|
Avenue Supermarts
|
Motilal Oswal
|
4616.60
|
3895.00
|
3677.55
(25.53%)
|
Target met |
Neutral
|
|
|
|
|
14 May 2023
|
Avenue Supermarts
|
ICICI Securities Limited
|
4616.60
|
3800.00
|
3677.55
(25.53%)
|
Target met |
Hold
|
|
|
DMART’s 4Q revenue performance has been decent (20% YoY vs 17% retail area expansion). However, same store (>2-year-old stores) revenue performance in 2HFY23 at 11% is underwhelming. This was largely impacted by continued underperformance in General Merchandise and Apparel which also negatively impacted the margin mix.
|
|
21 Mar 2023
|
Avenue Supermarts
|
Prabhudas Lilladhar
|
4616.60
|
4699.00
|
3357.60
(37.50%)
|
|
Buy
|
|
|
|
|
17 Jan 2023
|
Avenue Supermarts
|
Geojit BNP Paribas
|
4616.60
|
4445.00
|
3689.80
(25.12%)
|
|
Buy
|
|
|
|
|
16 Jan 2023
|
Avenue Supermarts
|
Axis Direct
|
4616.60
|
4000.00
|
3678.35
(25.51%)
|
Target met |
Hold
|
|
|
We reduce the company's FY23/24E PAT estimates as we factor in near-term demand and profitability challenges and consequently, we reduce our TP to Rs 4,000/share from Rs 4,350/share against the CMP of Rs 3,862/share and maintain our HOLD rating.
|
|
16 Jan 2023
|
Avenue Supermarts
|
ICICI Securities Limited
|
4616.60
|
3900.00
|
3863.70
(19.49%)
|
Target met |
Hold
|
|
|
DMART’s 3Q revenue performance was decent driven by retail expansion and outperformance in Foods segment. However, underperformance in General Merchandise and Apparels & non-food segment contributed towards lower than expected operating profit (weak mix).
|