DMart slides 4% after soft Q1; brokerages split between buy, hold and sell
Avenue Supermarts fell 4.23% to Rs 3,910 as 15% sales growth was dragged by muted 5.5% same-store growth. Emkay flags a sell, Antique holds, MOFSL stays buy—target prices range Rs 3,700 to Rs 4,800 amid rich valuations and slower store additions (3 stores in 1QFY27, 70-80 guided for FY27).
DMart shares fell 4% after weaker-than-expected Q1 results, with 15% sales growth dragged by muted 5.5% same-store growth. Brokerages issued mixed calls—Emkay sell, Antique hold, MOFSL buy—citing rich valuations and slower store additions.