Avenue Supermarts Ltd (DMART)

Avenue Supermarts CEO Talks Quick Commerce and Digital Challenges - 16 May, 2024

Avenue Supermarts CEO Neville Noronha believes quick commerce is a smarter format than digital platforms for retail in India. He also stated that while there has been some impact from value retailers, DMart's priority is managing new stores well rather than adding them quickly. Noronha sees reduced organized competition as a challenge and expects significant growth in large retailers to serve India's needs.

Avenue Supermarts Receives Buy Recommendation from Angel One; DMart Buys Land for Redevelopment - 13 May, 2024

Angel One has recommended buying Avenue Supermarts shares at Rs 4,800-4,750 with a stop-loss of Rs 4,610 and target of Rs 5,140. Meanwhile, DMart has purchased 1.2 acres of land in Mumbai's Chandivali suburb for over Rs 117 crore to redevelop into a retail centre or commercial building.

Avenue Supermarts Acquires Plot in Mumbai for Expansion - 10 May, 2024

Avenue Supermarts, the company behind DMart supermarket chain, has acquired a 1.2-acre plot in Mumbai's Chandivali suburb for over Rs 117 crore to expand its retail shopping center or commercial building. The company aims to open 40 outlets annually and has secured permission to develop an additional 26,000 sq ft.

Avenue Supermarts Receives Buy Rating from Prabhudas Lilladher; FY24 Revenue Up 19% - 07 May, 2024

Avenue Supermarts receives a buy rating from Prabhudas Lilladher with a target price of Rs 5031. The company's FY24 revenue is reported at ₹507.9b, up 19% YoY, while net income is at ₹25.4b, up 6.6%. However, the EPS missed analyst estimates by 3.6%. Shares are up 2.6% from last week.

Avenue Supermarts Witnesses Growth in Q4FY24 Results - 06 May, 2024

Avenue Supermarts reports YoY growth in Q4FY24 results, leading to positive ratings from brokerages such as JP Morgan and Motilal Oswal. However, Goldman Sachs maintains a sell rating.

Avenue Supermarts Reports Strong Financial Results for Q4 and FY24 - 04 May, 2024

Avenue Supermarts, the operator of D-Mart, reported a strong financial performance in Q4FY24 with a 22.5% YoY increase in net profit and a 20.1% YoY jump in revenue. For the entire fiscal year ended March 31, 2024, Avenue Supermarts reported a consolidated net profit of ₹2,536 crore, which was 6.6% higher as against ₹2,378 crore in FY23. The stock closed 0.29% higher on May 4th.

Avenue Supermarts Expected to Report Strong Q4 Results - 03 May, 2024

Avenue Supermarts is expected to report strong Q4 results, with consolidated revenue estimated at Rs 12,614 crore and PAT growth of 27% YoY. The company added 24 stores in the March quarter, higher than expected, leading to strong store expansion and single-digit SSSG. Trading volume on the counter stood at 7,469 shares.

Radhakishan Damani Emerges as One of India's Wealthiest Self-Made Entrepreneurs - 29 Apr, 2024

Radhakishan Damani, the founder of Avenue Supermarts, parent company of D-Mart, has become one of India's wealthiest self-made entrepreneurs with a net worth of Rs 1.44 lakh crore. His strategic investments and astute market insights have cemented his reputation as a trailblazer in the business world. He also serves as a mentor to aspiring entrepreneurs and is committed to fostering entrepreneurship in India.

Insiders Sell Shares in Avenue Supermarts - 24 Apr, 2024

Insiders at Avenue Supermarts have sold more shares than they bought over the last year, with a notable increase in selling over the past three months. The total value of shares sold by insiders in that time is ₹259m, indicating a bearish sign for the stock.

DMart Stock Gains 46% From 52-Week Low - 23 Apr, 2024

Shares of Avenue Supermarts (DMart) have gained 46% from their 52-week low hit last year, reaching a new high of Rs 4888 today. The relative strength index indicates an overbought zone at 76.3.

Avenue Supermarts Eyes Acquisition of 24Seven Convenience Chain - 17 Apr, 2024

Avenue Supermarts, operator of DMart stores, is reportedly in talks to potentially acquire the loss-making 24Seven convenience chain. Meanwhile, a report suggests that DMart's growth may be slightly impacted by the shift towards quick-commerce for grocery and FMCG purchases.