India's DMart operator rises to one-month high on margin beat

Avenue Supermarts

12/01/2026 04:37

** Shares of DMart parent Avenue Supermarts AVEU.NS rise nearly 3% to 3,910 rupees, highest in a month

** Co's Q3 consol rev from ops rises 13% yoy; profit rises 18% yoy

** Brokerage CLSA says co's margins beat expectations; raises PT to 6,185 rupees from 6,105 rupees earlier

** Adds gross margin expansion drives profitability

** Brokerage Systematix says better-than-expected margins cushion moderating growth; raises PT to 4,134 rupees from 4,055 rupees

** However, Citi says same-store-sales continues to moderate, margin expansion unlikely to sustain

** Citi cuts PT to 3,150 rupees from 3,250 rupees

** AVEU rated "hold" on avg by 28 analysts covering it; median PT at 4,134 rupees - data compiled by LSEG

** In 2025, AVEU gained 6%

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))