Avenue Supermarts shares rally 3% on expansion with 4 new stores

Shares of Avenue Supermarts, the operator of DMart retail stores, climbed as much as 2.6% to Rs 3,635 on the BSE during intraday trading on Friday after the company announced the opening of four new stores, bringing its total store count to 396.

Avenue Supermarts, promoted by veteran investor Radhakishan Damani, disclosed in a stock exchange filing on March 6 that it had launched new outlets in Chennai, Tamil Nadu; Chikkaballapur, Karnataka; Ujjain, Madhya Pradesh; and Amritsar, Punjab.

Despite Friday’s gains, Avenue Supermarts’ stock has struggled in recent months, falling 32% over the past six months and nearly 8% in the last year. The company’s shares hit a 52-week high of Rs 5,484 on September 24, 2024, before sliding to a low of Rs 3,337.10 on March 3, 2025.


The retailer, which operates a nationwide supermarket chain under the DMart brand, sells a wide range of products, including food, non-food items, and general merchandise. Since launching its first store in 2002, DMart has expanded across multiple states, including Maharashtra, Gujarat, and Karnataka.

Avenue Supermarts reported a 4.8% year-on-year increase in its consolidated net profit to Rs 723.54 crore for the third quarter ended December 2024, up from Rs 690.41 crore in the same period last year.

The company’s revenue from operations grew 17.68% to Rs 15,972.55 crore during the third quarter, compared to Rs 13,572.47 crore in the corresponding period of the previous fiscal.

According to Trendlyne data, the consensus target price of Avenue Supermarts stock is Rs 4,129 per share, which implies a potential upside of over 13% from the current levels. Out of the 29 analysts covering the stock, 12 recommend a "buy" rating, eight suggest to "hold" and nine recommend "sell".

Avenue Supermarts’ market capitalisation stood at Rs 2.35 lakh crore as of March 7, with the company remaining a key constituent of the BSE 100 index.

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