Avenue Supermarts (DMart) reported Q2 revenue growth of 18.4% but muted store additions; CLSA maintained outperform while Citi maintained sell

Mon 5 Oct 2026

Q2 revenue growth

18.4 percent

Total stores as of September 30

518 stores

CLSA target price

5723 rupees

Citi target price

3300 rupees

Technical stop loss

3,700 rupees

Heard on business television between 08:58:32 - 09:01:32 IST.

• Q2 revenue growth came in at 18.4%, better than expected, but store additions were muted versus expectations.
• Total store count stood at 518 as of September 30th; analysts will watch second half store growth momentum.
• CLSA maintained high conviction outperform with target price of 5723 rupees, citing pivot to private label and store growth as drivers.
• Citi maintained sell with target price of 3300 rupees, citing in-line revenue growth but caution on expensive valuations.
• Technical analyst separately noted stock held its 'crown' last week, giving positive risk-reward with 3,700 rupees as stop loss for existing positions.

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