India's DMart operator hits six-month high after quarterly update

Avenue Supermarts

06/04/2026 06:44

** Shares of DMart parent Avenue Supermarts AVEU.NS rise as much as 3.6% to 4,518.10 rupees, highest since Oct 1

** Co's standalone Q4 rev from ops up about 19% y/y

** With revenue data and store additions ahead of expectations, this outperformance appears well supported and premium valuations are likely to sustain, J.P. Morgan says

** JM Financial hikes PT on stock to 4,500 rupees from 3,950 rupees; says improved visibility on store openings and acceleration in same‑store sales growth warrant an uptick in target P/E to 65x from 60x

** AVEU rated "hold" on avg by 28 analysts covering it; median PT at 4,300 rupees - data compiled by LSEG

** YTD, AVEU gains 17.3%

($1 = 92.8350 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))