Geojit stays bullish on DMart: Rs 5,063 target on store-led growth runway
Geojit reiterates Buy on Avenue Supermarts with a Rs 5,063 target, valuing it at 70x FY28 EPS versus the 3-year average of 76x. The brokerage flags aggressive physical store rollout as DMart's primary moat against quick-commerce, with DMart Ready and home delivery as supporting levers.
Geojit maintains Buy on Avenue Supermarts (DMart) with Rs 5,063 target, citing visible store-led growth runway, GST benefit pass-through, and aggressive physical expansion as defence against quick-commerce, supplemented by DMart Ready and home-delivery focus.
Why this matters
Geojit's bullish call follows Nuvama picking DMart over Trent, reinforcing a positive brokerage stance on Avenue Supermarts as quick-commerce competition intensifies and store-led scale remains the defensive bet.
Retail-company coverage steady with 3,616 signals in the last 90 days.