Overview

• Avenue Supermarts reported standalone revenue of Rs 16,218.79 crore for the September quarter, up 15.43% year on year, in a post-market business update.
• The DMart network stood at 432 stores as of September 30, including one Sanpada outlet shut for reconstruction, up from 424 at the end of the prior quarter.
• Management targets up to 50 new stores in FY26 with increased focus on northern markets, including recent openings in Uttar Pradesh.
• To support the rollout, the company raised Rs 100 crore in short-term debt this week.
• UBS raised its target price to Rs 5,600 and maintained a Buy rating, while broader analyst opinions remain split.