Avenue Supermarts (DMart) posted 18% standalone revenue growth in its Q2 business update, beating street estimates, though store addition was muted

Mon 5 Oct 2026

Standalone revenue growth

18 percent

Total stores as of September

518 stores

CLSA target price

5723

Citi target price

3300

Heard on business television between 07:42:23 - 07:45:23 IST.

• Standalone revenue grew 18%, above street expectations, with total stores at 518 as of September.
• Store addition was muted and the street will watch second half store addition closely.
• CLSA maintained high conviction outperform rating with a target price of 5,723, citing pivot to private label and store growth as drivers.
• Citi said Q2 update revenue growth was largely in line but remained cautious on expensive valuation, maintaining a sell rating with a target price of 3,300.

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