Geojit stays bullish on DMart: Rs 5,063 target on store-led growth runway
Geojit reiterates Buy on Avenue Supermarts with a Rs 5,063 target, valuing it at 70x FY28 EPS versus the 3-year average of 76x. The brokerage flags aggressive physical store rollout as DMart's primary moat against quick-commerce, with DMart Ready and home delivery as supporting levers.
What happened
Geojit maintains Buy on Avenue Supermarts (DMart) with Rs 5,063 target, citing visible store-led growth runway, GST benefit pass-through, and aggressive
Key facts
- Target Rs 5,063
- 71x 1Yr Fwd PE
- 3yr avg 76x
- 70x FY28 EPS
Why this matters
With physical stores positioned as DMart's primary moat and DMart Ready as a supporting lever, partnership or acquisition opportunities in last-mile and quick-commerce capabilities warrant scenario planning.