Axis Securities sets DMart target at ₹4,845, sees 24% upside
Axis Securities has named Avenue Supermarts, operator of DMart, among its August stock ideas, assigning a ₹4,845 target price. Its consumer-facing picks also include Eternal, Nestlé India, Varun Beverages, Chalet Hotels and LG Electronics India.
What happened
Axis Securities included Avenue Supermarts (DMart) among its August 2026 top stock ideas, assigning a Rs 4,845 target price and projecting 24% upside. The
Key facts
- Avenue Supermarts target price: Rs 4,845
- Avenue Supermarts implied upside: 24%
- Axis Securities' top picks upside range: up to 28%
Why this matters
DMart's inclusion in Axis Securities' August ideas highlights its standing among consumer-facing growth and consolidation plays.
What to watch
- Quarterly revenue growth materially above or below consensus
- Same-store sales growth acceleration, especially in mature urban stores
- Gross-margin and EBITDA-margin movement amid discounting
- Store openings, closures and new-store ramp-up commentary
- Management guidance on demand, competition and expansion capex
- Quick-commerce pricing, assortment expansion and delivery-fee changes
- Broad consumer-sector multiple expansion or contraction
- Additional analyst upgrades or earnings-estimate revisions
- Track DMart's next quarterly same-store sales growth, revenue growth, EBITDA margin and net profit versus consensus estimates.
- Monitor store-addition pace, mature-store productivity and capex intensity for evidence that expansion is generating adequate returns.
- Compare DMart's valuation and growth outlook with Trent, Reliance Retail indicators, supermarket peers and quick-commerce platforms.
- Watch for follow-on brokerage upgrades, target-price revisions and foreign/institutional ownership changes after earnings.
- Assess whether food inflation and consumer trade-down behavior strengthen DMart's value-retail proposition or pressure gross margin.