India's D-Mart operator hits 5-month high as store additions lift revenue expectations

Avenue Supermarts

01/04/2026 05:31

** India's Avenue Supermarts  AVEU.NS jumps 7.5% to five-month high of 4,255 rupees

** Set for biggest daily pct rise since February 2025

** D-Mart operator announces opening of 23 new stores in the last four days, per exchange filings

** The company has "significantly ramped up its store expansion", with focus on densification in existing markets as well as penetration in newer markets, says JP Morgan

** Adds that 85 store additions in FY26 are ahead of the market's expected 60-70 new stores

** Ambit says above-consensus store additions and likely inflationary tailwinds provide a near-term revenue lift for AVEU

** Brokerage raises PT by 5% to 3,450 rupees, retains "Sell"

** Stock rated "Hold" on average by 28 brokerages; median PT at 4,075 rupees, per data compiled by LSEG

** YTD, AVEU up 11.8%

(Reporting by Vivek Kumar M in Bengaluru)

((vivekkumar.m@thomsonreuters.com))