Overview
- Avenue Supermarts has reported provisional Q3 standalone revenue of Rs 17,612.6 crore, an increase of about 13.2% year on year.
- DMart closed the quarter with 442 stores after new openings across Andhra Pradesh, Karnataka, Gujarat, Rajasthan and Tamil Nadu.
- Broker previews indicate EBITDA margins in roughly the 7.2%–7.7% range with single‑digit growth in profit after tax, reflecting softer operating leverage.
- Analysts cite pressure from quick‑commerce rivals, deflation in staples and non‑food, lower MRPs after GST cuts, and dilution from rapid store expansion.
- Opinions on valuation diverge, with CLSA cutting its target to Rs 6,105 but keeping a High‑Conviction Outperform as shares hover near Rs 3,800 and well below the 52‑week peak.