India's DMart operator shares fall as Q1 sales growth disappoints

Avenue Supermarts

03/07/2025 05:23

** Shares of Avenue Supermarts AVEU.NS down 3.5% to 4240 rupees

** Co, which operates DMart chain of retail stores, posted Q1 rev growth of 16.2%

** Macquarie says Q1 sales growth marginal miss, keeps "underperform" rating

** GS calls sales growth weaker-than-expected and maintains "sell" call

** Adds, believe co will continue to face competitive pressure in large urban markets from quick commerce, likely pick-up in rival Reliance's store additions

** On the flip side, CLSA retains "outperform" citing confidence in "accelerated pace of store additions in FY26"

** On an avg, AVEU rated "hold" - data compiled by LSEG

** YTD stock up 19%

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))