Axis Securities sets DMart target at ₹4,845, sees 24% upside
Axis Securities has named Avenue Supermarts, operator of DMart, among its August stock ideas, assigning a ₹4,845 target price. Its consumer-facing picks also include Eternal, Nestlé India, Varun Beverages, Chalet Hotels and LG Electronics India.
Axis Securities included Avenue Supermarts (DMart) among its August 2026 top stock ideas, assigning a Rs 4,845 target price and projecting 24% upside. The brokerage list also included consumer-facing firms Eternal, Nestle India, Varun Beverages, Chalet Hotels and LG Electronics India.
Why this matters
Axis's ₹4,845 call follows Bernstein's ₹5,000 target on expansion and margin gains, after DMart reported 15.1% Q1FY27 revenue growth but weaker mature-store productivity amid quick-commerce pressure and an e-commerce refocus after city exits.
Retail-company signals are accelerating, up 206214% QoQ.