Overview

• Avenue Supermarts forecast 16% year-on-year revenue growth in Q1 FY2026, projecting standalone revenue of ₹15,932.1 crore.
• The retailer expanded its network to 424 stores by June 30, opening its first major outlet in Agra, Uttar Pradesh.
• DMart’s share price dropped about 3.8% on July 3 after the quarterly business update.
• Major brokerages including Morgan Stanley, Macquarie and Goldman Sachs retained underweight, underperform or sell ratings with price targets between ₹3,000 and ₹3,400.
• Bloomberg data show the average 12-month price target implies an 8.8% downside as analysts cite margin pressures and moderated sales growth.