Dmart Share Price: Shares of Avenue Supermarts, the parent company of Dmart, a major player in the supermarket and hypermarket segment, saw a slight decline today. Despite strong quarterly results, investors showed caution, which impacted the share price. The company’s shares traded with a slight weakness on the BSE and slipped further during intra-day trading.
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How were the Q3 FY2026 results?
In the October-December 2025 quarter, Avenue Supermarts’ net profit increased by 17 percent year-on-year to Rs 856 crore. During the same period, the company’s revenue grew by 13.3 percent to Rs 18,101 crore. The company also performed strongly at the operating level, with operating profit increasing by more than 20 percent to Rs 1,463 crore. Margins also improved, rising from 7.7 percent to 8.1 percent.
Same-Store Growth Remains a Concern
However, the biggest weakness in the quarterly results was the same-store or like-for-like growth, which fell to 5.6 percent, lower than market expectations. Brokerage firms believe this is the reason why the share price did not rise despite better profits. Softer prices of essential commodities and increased competition are putting pressure on revenue growth.
Jefferies’ View: Balanced but Cautious
Global brokerage firm Jefferies has maintained a ‘Hold’ rating on Dmart and set a target price of Rs 4,050. The firm says that the company has performed well on the margin front, but the weakness in revenue growth and same-store trends is a cause for concern. They also highlighted the need to consider the risks associated with store expansion and the appointment of a new CEO.
Nuvama’s View: Strong Profits, Focus on Growth
Brokerage firm Nuvama has also given DMart a ‘Hold’ rating with a target price of ₹4,351. According to the report, reduced discounts have supported the company’s margins, and profit growth has been satisfactory. There are also signs of improvement in the DMart Ready segment, although the firm has maintained a cautious outlook on its growth estimates for the coming years.
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Citi’s Strict View: ‘Sell Rating Maintained
On the other hand, brokerage firm Citi has maintained its ‘Sell’ rating on DMart and set a target price of ₹3,150. Citi believes that sluggish same-store growth and increasing competition will continue to put pressure on revenue. The report also states that profit growth has lagged behind revenue growth in the past few quarters, due to increasing pressure from quick commerce and rising costs. The firm has also highlighted risks to margin sustainability.