Bernstein sees DMart earnings accelerating on store expansion, margin gains; ₹5,000 target
Bernstein rates Avenue Supermarts outperform, projecting 20-25% EPS growth over three years driven by 80+ annual store additions, non-metro recovery, and margin expansion. Revenue and profit each seen growing ~17%, with like-for-like growth at 5.5% despite quick-commerce pressure.
Bernstein rates Avenue Supermarts (DMart) outperform with ₹5,000 target, expecting 20-25% EPS growth over three years driven by 80+ annual store additions, non-metro recovery, and margin expansion despite quick-commerce competition.
Why this matters
Bernstein's bullish call frames DMart's growth story around aggressive store expansion and non-metro recovery, betting margins hold up even as quick-commerce competition pressures like-for-like sales.
Retail-company signals accelerating, up +753100% QoQ.