Motilal Oswal sees 18% upside in DMart despite flat metro growth, Rs 4,800 target
DMart's Q1FY27 revenue rose 15% to Rs 18,794 crore and net profit climbed 11.3% YoY to Rs 860.6 crore, but LFL growth cooled to 5.5% as quick-commerce pressures metro demand. Motilal Oswal keeps Buy, citing 85-90 annual store additions through FY27-29 and DMart Ready's rationalisation to 11 cities.
DMart's Q1FY27 revenue grew 15% with LFL decelerating to 5.5% and flat metro growth amid quick-commerce competition. Motilal Oswal maintains Buy, raising target to Rs 4,800 (18% upside). DMart Ready rationalised footprint to 11 cities.