12 Oct 2026, 06:09 IST
Avenue Supermarts Limited
HDFC Securities · ADD · target INR 4,000
The report notes DMART's standalone revenue grew 18.4% YoY to INR192bn with SSSG of 9.5%, but EBITDA margin contracted 28bps YoY to 7.3% and APAT grew only 7.6% YoY to INR8bn, lagging revenue growth and estimates, and maintains an ADD rating with a reduced DCF-based target price of INR4,000/share (from INR4,100 previously).
From HSIE Results Daily 12 Oct 26 HSIE, written by HDFC Securities. Orivam summarised it; the view is HDFC Securities's, not Orivam's.
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