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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

Since then, : DMart Q2 growth quickens to ~18% but margins slip; Motilal Oswal cuts target to Rs 3,925

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%.

What we verified

Checked against the other reports of this story.

  • Not a single-source story: Business Today reports the same development independently.

Updates

Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.

  1. Read the update at NDTV Profit

    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.

  1. : DMart parent Avenue Supermarts Q2 net profit rises 8.5% to ₹742.98 crore as total income grows nearly 18%
  2. : DMart grows revenue 18.4% but value retail stocks slide as V2 Retail cuts same-store sales guidance

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

The source

Source Read the source at NDTV Profit

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