Street View- India's Avenue Supermarts seen facing growth moderation after one-off boost

Avenue Supermarts

04/05/2026 06:21

** Shares of India's Avenue Supermarts AVEU.NS fall 3.93% to 4,406.20 rupees

** Co posted 19.2% y/y increase in Q4 consolidated net profit to 6.56 billion rupees

ONE-OFF BOOST FADES, GROWTH AND MARGINS IN FOCUS

** Jefferies ("hold"; TP: 4,500 rupees) says Q4 was a slight beat, flags demand spike from March pantry stocking has normalised, limiting near-term growth visibility

** Emkay Global ("sell"; TP: 3,700 rupees) says earnings were aided by one-off demand, expects higher store expansion costs to cap profit growth despite steady topline

** Systematix ("hold"; TP: 4,324 rupees) says Q4 growth driven by transient factors; expects same-store sales growth to normalise, weighing on margins

** Prabhudas Lilladher ("hold"; TP: 4,410 rupees) warns quick-commerce competition and elevated store additions could pressure margins, with Q4 demand unlikely to sustain

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))