JPMorgan stays Overweight on Vishal Mega Mart, eyes ~100-store FY26 push
JPMorgan reiterates Overweight on Vishal Mega Mart with TP Rs 145, citing aggressive ~100-store rollout in FY26 and resilient SSSG. Dabur held Neutral on 10% commodity inflation (TP Rs 525); Tata Consumer Overweight (TP Rs 1340) on double-digit growth. Pine Labs TP cut to Rs 185 from Rs 260.
What happened
Brokerage roundup: JPMorgan stays Overweight on Vishal Mega Mart (TP Rs145) citing aggressive ~100-store FY26 expansion and resilient SSSG; Dabur Neutral amid
Key facts
- Vishal Mega Mart TP Rs 145
- ~100 stores added in FY26
- Pine Labs TP cut to Rs 185 from Rs 260
- FY27 revenue growth 21-23%
- Dabur TP Rs 525
- Tata Consumer TP Rs 1340
- Adani Airports gross assets Rs 594bn
- India aviation CAGR 10-11%
Why this matters
Vishal's accelerated rollout tightens the value-retail land grab, raising the urgency to evaluate regional chain tuck-ins, real-estate JVs, or private-label partnerships before competitive whitespace compresses.