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DMart grows revenue 18.4% but value retail stocks slide as V2 Retail cuts same-store sales guidance
Avenue Supermarts reported September-quarter revenue of ₹19,206.18 crore, up 18.4% year-on-year, with 518 stores, but its stock fell 6.67% on Monday as V2 Retail cut full-year same-store sales growth guidance to 5-7% from 8-10%.
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The numbers
Figures from Mint,
| V2 Retail Q2 FY27 revenue: | ₹905 crore |
|---|---|
| V2 Retail store network: | 427 |
| V-Mart Q2 FY27 revenue: | ₹953 crore |
| Cotton yarn price per kilogramme: | ₹400 |
Why it matters to operators and investors
The value-retail sell-off and V2's lowered same-store growth outlook may bring valuations down and sharpen seller expectations, so screen targets on like-for-like growth rather than headline revenue and wait for festive-quarter data before pricing any deal.
What to watch next
- DMart's next quarterly results: same-store growth and margin trend versus the ₹19,206.18 crore September-quarter revenue base
- Guidance or commentary from other listed value retailers on festive-season demand
- Whether DMart's share price recovers or extends the 6.67% fall over the coming sessions
- Any further guidance revision or management clarification from V2 Retail on the 5-7% FY27 range
- Broker rating or target-price changes on DMart and value-retail peers
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Avenue Supermarts is likely to keep expanding its store base beyond 518 and to lean on volume and pricing discipline rather than comment on the sector sell-off.
- Other listed value and discount retailers may temper festive-season and full-year same-store commentary after V2 Retail's cut, if they see similar consumer caution.
- Brokerages are likely to trim or re-examine same-store growth assumptions for value retail names, and some may defend DMart on the strength of its 18.4% revenue growth.
- V2 Retail is likely to face questions on whether its guidance cut reflects demand weakness or company-specific issues, and to be pressed for detail on the 5-7% range at its next investor interaction.
- Cost-conscious shoppers are likely to keep favouring low-price formats during the festive season, and may trade down or delay discretionary purchases.