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American Growth Fund exits DMart with ₹2,600 crore block deal

American Funds exited its entire 1.04% stake in DMart operator Avenue Supermarts through a Rs 2,600-crore block deal. The sale follows Q1 FY27 results showing resilient profit and revenue growth but slowing same-store sales amid rising quick-commerce competition.

Newer report , , The Hindu BusinessLine : Broker retains Sell on DMart, sets ₹3,700 target as quick-commerce pressure persists

  • Banaraswala: 3 → 50 outlets by March 2027
  • Nestle India: Sales +20.5% · Profit +36.3%

Reported figures

From the report. Source details below

Shares closed at Rs 3,822, down 2.28%
Promoters held 74%; public shareholders held 26%
Q1 FY27 standalone net profit Rs 935.8 crore, up 12.8% YoY
Q1 FY27 revenue Rs 18,343.5 crore, up 15.1% YoY
Like-for-like growth 5.5%, versus 10.8% in Q4 FY26 and 7.1% year earlier

Also in the report

  • 4.1% discount to prior close

Other figures

  • 6.76 million shares
  • Rs 3,750.58 per share

The source

Source Read the source at Financial Express

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Note Information, not investment advice. RetailIntel is not registered with SEBI.