CLSA has maintained its “Outperform” rating on Avenue Supermarts stock (DMart), with a target price of ₹5,360 per share. This reflects a potential upside of 48% from the current market price (CMP) of ₹3,615.30.

Key highlights from CLSA’s analysis:

  1. Revenues above estimates: Avenue Supermarts reported standalone revenues that exceeded analyst expectations, showcasing strong operational performance during the quarter.
  2. Store expansion momentum: The company added 10 new stores in the quarter, compared to 6 stores added in the previous quarter. This brings the total store count to 387 at the end of Q3, emphasizing its aggressive expansion strategy.

CLSA remains optimistic about Avenue Supermarts’ growth potential, underpinned by strong revenue performance and a consistent focus on expanding its retail footprint.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Readers should perform their own research or consult a financial advisor before making investment decisions.

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