DMart Q1 disappoints: flat metro growth, slow store adds spark de-rating risk with targets from Rs 3,700
Avenue Supermarts' Q1 saw LFL growth at just 5.5% and only 3 new stores added (total 503). Weak DMart Ready performance and PAT growth of 13% underwhelmed analysts. High valuation poses de-rating risk, with targets ranging from Rs 3,700 (Sell) to Rs 4,800 (Buy).
DMart's Q1 results disappointed analysts with flat metro LFL growth, slow store additions (3 added, total 503), and weak DMart Ready performance. High valuation poses de-rating risk; analyst targets range from Rs 3,700 (Sell) to Rs 4,800 (Buy).