September, 18 2025 Thursday 18:32 Hrs
  • SENSEX :   83,013.96

  • Commodity broking firm in India320.25( 0.39%) 18-Sep-2025
top-arrow-market
Sensex 83013.96 320.25  (0.39) 18-Sep-2025
Previous Day Close
82693.71
Today's High/Low
High Low
  •  
  •  
83141.21 82704.92

Hot Pursuit - Detailed News

Avenue Supermarts gains after foreign broker raises price target
18-Sep-25   14:58 Hrs IST
The brokerage described Avenue Supermarts as a major compounder in India's consumption story and expects the company to enter a phase of significant rollout acceleration. It noted that DMart is strengthening its e-commerce business, while steady growth in Same Store Sales ' which rose in high single digits last year ' has eased concerns about competition from quick commerce players.

According to the brokerage, Avenue Supermarts stands to benefit from the nearly $60 billion organised grocery retail market. It projects that the slow and steady penetration of organised retail could allow DMart to grow structurally between 18% to 22% over the long term, supporting the stock's elevated valuations.

Mumbai-based Avenue Supermarts operates the DMart retail chain, a national supermarket network offering a wide range of home and personal products under one roof. Its stores focus on three key categories ' food, FMCG (non-foods), and general merchandise including apparel.

The company's consolidated net profit fell 0.11% to Rs 772.97 crore despite a 16.28% jump in revenue from operations to Rs 16,359.70 crore in Q1 FY26 over Q1 FY25.

Powered by Capital Market - Live News

Top
Attention Investor:
Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.