JP Morgan
J.P. Morgan described the exhibition as “a vague”, which noted that the registered growth has fallen below the expectation of about 17%. Compared to the same period last year, Demart added nine stores during the quarter, while only two metro were located, which strengthened the company’s owners towards non-huge markets. “The income per store has increased by 2% y/y,” JP Morgan said, “added that the company has maintained competitive prices against GRO Naline Grocery.
Citing concerns around the impact of rapid commerce players at high-turnover urban stores, JP Morgan maintained a ‘neutral’ rating and set a price target of Rs 4,150, indicating a 5.5% loss from the current level of stock. Last month, the brokerage warned of 9% of the stock’s gain, “There may be some recent outperformations against the outperformance.”
Goldum Sach Ns
The Goldum Sachs SS maintained a bearish trend, noting that Q1 sales growth, though stable, was weaker than expected, even on a gradual basis. “In 1qfy26, the growth of single sales in 1qfy26 had a slightly centralized 16.2% Yoye 4qfy25 with a less effect,” Brokerage said the quarter-on-quarter growth of 10.2% was even softer than the previous year’s period.
The Goldum Man does not expect that the unified EBITDA margin will reduce the year-by-year, “a mixture of mixing shifts and costs to lower margin food products from the rapid pace of new store additions.” Brokerage flags more intense competitive pressure in urban markets, especially in rapid commerce operators and Reliance Retail’s expansion activity. Goldman maintained its ‘sale’ rating and target price of Rs 3,400, which means 22.6% loss.
Morgan Stanley
Morgan Stanley called the quarter a “Miss”, which is about 3-4%of the sale of the same store’s sales. It expects the Q1 EBitda margin to be compressed up to 7.8%, which is below 8.7% in the previous quarter. While the store was consistent with nine-character in addition-quarters, the broker continued to push the same growth and profitability amid intensifying the Competing Neline competition.
Brokerage maintains its cautious view, applying a residual income model that assigns greater possibility of its bear-case view due to the risks raised by the e-CE Mars and the rapid commerce platform.
Market reaction and technical determination
Despite the strong start of 2025 with a gain of 23%, Avenue Supermarts are below 8% in the last 12 months. Stock BSE on Thursday fell by 9.9% intraday to 4,220 on Thursday, as investors reacted to the comment of cautious brokers.
The consensus among analysts remains unclear. Trendlin data shows the average target price of 30 analysts at 4,033, indicating a possible loss of about 8%. There is a consensus ‘hold’ rating in the stock.
From a technical point of view, DMART shares continue to trade more than seven from their eight key Simple Moving Average (SMA), including 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day levels, but they have come down from 5-day SMA.
Also read | Q1 shares Avenue Supermarts shares after a 16% yoy rise in revenue for FY 26; Store Count Hit 424
Momentum indicators are still in the bullish region. Relative Strength Index (RSI). In the meantime, the Moving Average Convergence Diversion (MACD) remains positive at both its signal and center lines .3 76..3, which strengthens the current trend.
(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
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