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Earlier report,
Jefferies cuts DMart target to Rs 4000 from Rs 4500 after Q2 margin miss; Citi trims to Rs 3250
Jefferies cut its Avenue Supermarts (DMart) target price to Rs 4000 from Rs 4500 after a Q2 margin miss despite strong traffic and like-for-like growth. Citi cut its target to Rs 3250, and Morgan Stanley sees FY27 margins at 7.5%.
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Updates
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DMart Q2 growth quickens to ~18% but margins slip; Motilal Oswal cuts target to Rs 3,925
- Q2 FY27 like-for-like growth: 9.5%
- Q2 FY27 store additions: 15
- Total DMart stores: 518
- Q2 Ebitda margin change YoY: ~30bp contraction
- H1 FY27 Ebitda margin: 7.8%
On the record
Earlier DMart reports on RetailIntel, newest first.
Reported figures
From the report. Source details below
| Morgan Stanley expected margin by FY29: | 7.6% |
|---|---|
| Morgan Stanley FY27-29 EPS estimate cut: | 4% |
| Jefferies EPS cut: | 2-3% |
| Quarters profit growth lagged revenue: | 11 out of 14 |