{"id":286571,"date":"2026-10-05T11:36:18","date_gmt":"2026-10-05T06:06:18","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=286571"},"modified":"2026-10-05T11:36:18","modified_gmt":"2026-10-05T06:06:18","slug":"avenue-supermarts-share-price-falls-despite-q2-update","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/","title":{"rendered":"Avenue Supermarts Share Price Falls About 5% Despite an 18.4% Q2 Revenue Jump: What Is Weighing on DMart, From Flat Metro Stores and Quick Commerce to a 10 Times Book Valuation"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>DMart Q2 FY27 revenue Rs 19,206 cr (+18.4% YoY, +4.7% QoQ), 518 stores. Stock down about 5% to near Rs 3,621; 52-week low Rs 3,528.65. Results 10 Oct.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Avenue Supermarts share price fell about 5% on 5 October, to around Rs 3,621 from a 1 October close of Rs 3,813, even though Q2 FY27 standalone revenue rose 18.4% to Rs 19,206.18 crore and the DMart store count reached 518. The update gave no like-for-like sales or margin figures, and revenue grew slightly slower than the store count, which is up about 20% from 432 a year ago, so investors fear soft productivity. Q1 like-for-like growth was only 5.5%, with flat sales in older metro stores because of quick commerce, and the stock trades near 80 times earnings and 10 times book value. The stock is close to its 52-week low of Rs 3,528.65, and Q2 results on 10 October will show whether margins and same-store growth justify the valuation.<\/p>\n<\/p><\/div>\n<p>Avenue Supermarts share price fell about 5% on 5 October even though the DMart operator reported a strong Q2 FY27 business update on 3 October. Standalone revenue rose 18.4% to Rs 19,206.18 crore, up 4.7% from the previous quarter, and the store count reached 518. The stock slid to around Rs 3,621 against a 1 October close of Rs 3,813, while the Sensex rose, so the fall is stock-specific.<\/p>\n<p>If you are searching for why the DMart share price is falling and why Avenue Supermarts shares fell after a good update, this article covers the DMart Q2 update and Q2 FY27 numbers, what the update leaves out, the store count and productivity maths, the Q1 results, EBITDA margin and like-for-like trend, quick commerce and DMart Ready, analyst views, valuation and the 52-week low, and what to watch in the Q2 results on 10 October. Price data is based on NSE and BSE figures, so recheck it before acting.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=avenue-supermarts-share-price-falls-despite-q2-update\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#Why_Is_Avenue_Supermarts_Share_Price_Falling_Despite_a_Strong_Q2_Update\" title=\"Why Is Avenue Supermarts Share Price Falling Despite a Strong Q2 Update?\">Why Is Avenue Supermarts Share Price Falling Despite a Strong Q2 Update?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#DMart_Q2_FY27_Update_Numbers_Behind_the_Avenue_Supermarts_Share_Price\" title=\"DMart Q2 FY27 Update: Numbers Behind the Avenue Supermarts Share Price\">DMart Q2 FY27 Update: Numbers Behind the Avenue Supermarts Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#Store_Count_Versus_Revenue_The_Productivity_Question_for_the_Avenue_Supermarts_Share_Price\" title=\"Store Count Versus Revenue: The Productivity Question for the Avenue Supermarts Share Price\">Store Count Versus Revenue: The Productivity Question for the Avenue Supermarts Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#Q1_FY27_Results_Behind_the_Avenue_Supermarts_Share_Price_Fall\" title=\"Q1 FY27 Results Behind the Avenue Supermarts Share Price Fall\">Q1 FY27 Results Behind the Avenue Supermarts Share Price Fall<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#Quick_Commerce_DMart_Ready_and_the_Avenue_Supermarts_Share_Price\" title=\"Quick Commerce, DMart Ready and the Avenue Supermarts Share Price\">Quick Commerce, DMart Ready and the Avenue Supermarts Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#What_Analysts_Say_About_the_Avenue_Supermarts_Share_Price\" title=\"What Analysts Say About the Avenue Supermarts Share Price\">What Analysts Say About the Avenue Supermarts Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#Avenue_Supermarts_Share_Price_Today_Valuation_and_Key_Numbers\" title=\"Avenue Supermarts Share Price Today: Valuation and Key Numbers\">Avenue Supermarts Share Price Today: Valuation and Key Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#Avenue_Supermarts_Share_Price_Levels_to_Watch\" title=\"Avenue Supermarts Share Price Levels to Watch\">Avenue Supermarts Share Price Levels to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#What_to_Watch_for_the_Avenue_Supermarts_Share_Price_in_DMart_Q2_Results_on_10_October\" title=\"What to Watch for the Avenue Supermarts Share Price in DMart Q2 Results on 10 October\">What to Watch for the Avenue Supermarts Share Price in DMart Q2 Results on 10 October<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#Risks_Behind_the_Avenue_Supermarts_Share_Price\" title=\"Risks Behind the Avenue Supermarts Share Price\">Risks Behind the Avenue Supermarts Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#Why_is_Avenue_Supermarts_share_price_falling_today\" title=\"Why is Avenue Supermarts share price falling today?\">Why is Avenue Supermarts share price falling today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#What_did_the_DMart_Q2_update_show_for_revenue_and_store_count\" title=\"What did the DMart Q2 update show for revenue and store count?\">What did the DMart Q2 update show for revenue and store count?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#What_is_DMarts_like-for-like_growth\" title=\"What is DMart&#8217;s like-for-like growth?\">What is DMart&#8217;s like-for-like growth?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#How_does_quick_commerce_affect_DMart\" title=\"How does quick commerce affect DMart?\">How does quick commerce affect DMart?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#When_are_DMart_Q2_results\" title=\"When are DMart Q2 results?\">When are DMart Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#What_are_the_key_levels_for_Avenue_Supermarts_share_price\" title=\"What are the key levels for Avenue Supermarts share price?\">What are the key levels for Avenue Supermarts share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#Is_Avenue_Supermarts_share_price_expensive\" title=\"Is Avenue Supermarts share price expensive?\">Is Avenue Supermarts share price expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-falls-despite-q2-update\/#Are_Avenue_Supermarts_shares_a_good_buy_after_the_fall\" title=\"Are Avenue Supermarts shares a good buy after the fall?\">Are Avenue Supermarts shares a good buy after the fall?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Avenue_Supermarts_Share_Price_Falling_Despite_a_Strong_Q2_Update\"><\/span><strong>Why Is Avenue Supermarts Share Price Falling Despite a Strong Q2 Update?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The DMart share price is falling because investors read the update as strong on the surface and uncertain underneath. Five points weigh on the stock:<\/p>\n<ol>\n<li>The update has no like-for-like sales, margin or profit figures, so the quality of growth is unknown.<\/li>\n<li>The store count grew about 20% in a year, slightly faster than revenue, which hints at softer productivity per store.<\/li>\n<li>Q1 like-for-like growth slowed to 5.5%, with flat sales in older metro stores, which analysts blame on quick commerce.<\/li>\n<li>At about 80 times earnings and 10 times book value, the stock has little room for disappointment.<\/li>\n<li>Retail stocks were weak: V2 Retail fell as much as 19% on its own update, and DMart traded near its 52-week low.<\/li>\n<\/ol>\n<p>A market that rose on 5 October raised the bar, so Avenue Supermarts shares falling 5% on a day of gains sent a clear message that investors want proof of profit growth and not just sales growth. The DMart Q2 update did not provide it.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"DMart_Q2_FY27_Update_Numbers_Behind_the_Avenue_Supermarts_Share_Price\"><\/span><strong>DMart Q2 FY27 Update: Numbers Behind the Avenue Supermarts Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY26<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q1 FY27<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Standalone revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 19,206.18 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 16,218.79 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 18,343.49 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 18.4% year on year, up 4.7% on the quarter<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 15.4% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 15.1% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Store count at quarter end<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">518<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">432<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">503<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Stores added in the quarter<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not shown<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Simple revenue per store<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 37.1 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 37.5 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 36.5 crore<\/td>\n<\/tr>\n<\/table>\n<p>Revenue growth accelerated from 15.1% in Q1 to 18.4% in Q2, which is a positive. The company said the revenue figure is subject to limited review by its auditors and gave no profitability or same-store data, so the full results on 10 October carry the real information.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener for live data on retail stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Store_Count_Versus_Revenue_The_Productivity_Question_for_the_Avenue_Supermarts_Share_Price\"><\/span><strong>Store Count Versus Revenue: The Productivity Question for the Avenue Supermarts Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>DMart added 86 stores in twelve months, taking the count from 432 to 518, a rise of 19.9%. Revenue grew 18.4%, so the simple revenue per store slipped about 1.2% from Rs 37.5 crore to Rs 37.1 crore, my calculation.<\/p>\n<p>This is only a hint. The figure ignores store size and age, and 15 stores opened in Q2 contributed only part of a quarter. Even so, it fits the like-for-like slowdown seen in Q1: if new stores are ramping slowly and older metro stores are flat, revenue per store falls even while total revenue grows, which is what the Avenue Supermarts share price is reflecting.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q1_FY27_Results_Behind_the_Avenue_Supermarts_Share_Price_Fall\"><\/span><strong>Q1 FY27 Results Behind the Avenue Supermarts Share Price Fall<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q1 FY27 metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comparison<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consolidated revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 18,794.53 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 14.9% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consolidated net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 860.44 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 11.33% from Rs 772.81 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,499 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 15.4%, margin 8.0% against 7.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">PAT margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">4.6%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Against 4.7% a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Like-for-like growth, stores older than two years<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">5.5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Against 7.1% in Q1 FY26 and 10.8% in Q4 FY26<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Staff costs<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up over 30%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Limited margin expansion<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Stores added<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total 503<\/td>\n<\/tr>\n<\/table>\n<p>The Avenue Supermarts share price fell over 4% on 13 July after those results. The key point, which management stated, is that growth in older stores in large metros, where revenue per square foot is highest, was flat in Q1, while non-metro stores kept growing well.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Quick_Commerce_DMart_Ready_and_the_Avenue_Supermarts_Share_Price\"><\/span><strong>Quick Commerce, DMart Ready and the Avenue Supermarts Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analysts link flat metro sales to quick commerce, which delivers groceries in minutes. DMart&#8217;s own online arm, DMart Ready, discontinued operations in seven cities in Q1 and now runs in 11, against a peak of 25. Its subsidiary revenue grew only 5% against 16% to 20% in the previous four quarters, and its loss rose 32% to Rs 75.3 crore.<\/p>\n<p>Citi noted that profit growth has lagged revenue growth in 10 of the last 13 quarters, which explains why the market focuses on earnings and not sales when pricing the Avenue Supermarts share price. Non-metro stores, with like-for-like growth of 14% to 15% according to HDFC Securities, are the bright spot.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the DMart share price and retail stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Analysts_Say_About_the_Avenue_Supermarts_Share_Price\"><\/span><strong>What Analysts Say About the Avenue Supermarts Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Brokerage<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">View after Q1 FY27 or earlier<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Goldman Sachs<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Metro same-store sales flat year on year, likely due to quick commerce<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">JPMorgan<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Like-for-like growth a key negative; expects subdued stock performance<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Citi<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Cut FY27 to FY29 revenue estimates by 4% to 6% and EPS by 5% to 7%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jefferies<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q1 better than headline because Q4 saw pre-buying, but flat metro sales are a concern<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HDFC Securities<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Add rating<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Motilal Oswal<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy with a Rs 5,000 target set earlier in 2026, on faster store additions<\/td>\n<\/tr>\n<\/table>\n<p>Ratings are mixed and not uniformly optimistic: on one data provider, about 44% of 32 analysts rate the stock a Hold. The bulls rely on store additions and non-metro growth, and the bears on quick commerce and valuation, so the Avenue Supermarts share price sits between the two camps.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Avenue_Supermarts_Share_Price_Today_Valuation_and_Key_Numbers\"><\/span><strong>Avenue Supermarts Share Price Today: Valuation and Key Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What it tells you<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Company<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\"><a href=\"https:\/\/univest.in\/stocks\/dmart\/avenue-supermarts-ltd-share-price-today\">Avenue Supermarts (DMart)<\/a><\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">National value retailer<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1 October close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,813<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NSE<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">5 October price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 3,621<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 5%, my calculation from reported levels<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2.36 lakh crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about Rs 12,500 crore in a session<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 77 to 81 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Premium for a slowing like-for-like trend<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 10 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Very high for a retailer<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on capital employed<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 16.4%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Solid, not exceptional<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One-year return<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About -14%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Underperforming<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">None<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Cash is reinvested in stores<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Promoter holding<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">74.5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Radhakishan Damani and family<\/td>\n<\/tr>\n<\/table>\n<p>Valuation is the core of the debate. At about 77 times earnings, the Avenue Supermarts share price assumes years of 20% earnings growth, while recent profit growth was 11% in Q1 and like-for-like growth slowed.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Avenue_Supermarts_Share_Price_Levels_to_Watch\"><\/span><strong>Avenue Supermarts Share Price Levels to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why it matters<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 4,644<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week high<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,997 to Rs 4,037<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">200-day moving average, mid to late September<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,870 to Rs 3,894<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50-day moving average<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,813<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1 October close, now resistance<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,643.60<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Intraday level at 10:23 AM on 5 October<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,528.65<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week low, set on 2 March 2026<\/td>\n<\/tr>\n<\/table>\n<p>The Avenue Supermarts share price trades below both its 50-day and 200-day averages, and a close under Rs 3,528.65 would be a fresh 52-week low. These are reference levels based on past prices, not forecasts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_for_the_Avenue_Supermarts_Share_Price_in_DMart_Q2_Results_on_10_October\"><\/span><strong>What to Watch for the Avenue Supermarts Share Price in DMart Q2 Results on 10 October<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Like-for-like growth for stores older than two years, against 5.5% in Q1 and 7.1% a year earlier.<\/li>\n<li>EBITDA margin against 8.0% in Q1 and 7.3% in Q2 FY26, with gross margin and staff costs.<\/li>\n<li>Whether growth in older metro stores is still flat.<\/li>\n<li>DMart Ready losses and city footprint after the exits.<\/li>\n<li>Store addition guidance, with the company targeting roughly 15% growth in store area a year.<\/li>\n<\/ol>\n<p>The Q2 FY26 base is soft, with net profit of Rs 684.85 crore, up only 4%, and an EBITDA margin of 7.3%, so year-on-year profit growth should look better for the Avenue Supermarts share price. The market will care more about like-for-like trends.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_Behind_the_Avenue_Supermarts_Share_Price\"><\/span><strong>Risks Behind the Avenue Supermarts Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Quick commerce:<\/strong> Flat sales in older metro stores can persist if instant delivery keeps taking baskets, which would weigh on the Avenue Supermarts share price.<\/p>\n<p><strong>Valuation:<\/strong> A multiple near 80 times earnings can pull the Avenue Supermarts share price lower if growth stays near 10%.<\/p>\n<p><strong>Margin pressure:<\/strong> Staff costs grew over 30% in Q1, and gross margin gains may not last, which matters for the Avenue Supermarts share price.<\/p>\n<p><strong>Weak productivity:<\/strong> Revenue per store slipping while the store count grows can hurt returns and the Avenue Supermarts share price.<\/p>\n<p><strong>Online losses:<\/strong> DMart Ready&#8217;s loss rose 32% in Q1, although it has shrunk its footprint, so it remains a drag on the Avenue Supermarts share price.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Avenue Supermarts share price fell about 5% on 5 October despite 18.4% Q2 revenue growth and a store count of 518, because the update lacks like-for-like and margin data and revenue per store looks soft. At about 80 times earnings and near its 52-week low, Avenue Supermarts shares need the 10 October results to show better same-store growth. Rs 3,528.65 is the support to watch for the Avenue Supermarts share price and Rs 3,813 the resistance. Consult a SEBI-registered advisor before making any decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Avenue_Supermarts_share_price_falling_today\"><\/span><strong>Why is Avenue Supermarts share price falling today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Avenue Supermarts share price fell about 5% on 5 October because the Q2 update gave no like-for-like or margin data, revenue per store looks soft, and the stock trades near 80 times earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_the_DMart_Q2_update_show_for_revenue_and_store_count\"><\/span><strong>What did the DMart Q2 update show for revenue and store count?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Standalone revenue was Rs 19,206.18 crore, up 18.4% from Rs 16,218.79 crore and up 4.7% on the quarter. The store count reached 518, with 15 added in Q2, yet the Avenue Supermarts share price fell.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_DMarts_like-for-like_growth\"><\/span><strong>What is DMart&#8217;s like-for-like growth?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Like-for-like growth for stores older than two years was 5.5% in Q1 FY27, against 7.1% a year earlier and 10.8% in Q4 FY26. Q2 figures come with results on 10 October and will drive the Avenue Supermarts share price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_quick_commerce_affect_DMart\"><\/span><strong>How does quick commerce affect DMart?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Analysts say quick commerce kept sales flat in older metro stores. DMart Ready has exited seven cities and now operates in 11 against a peak of 25.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_are_DMart_Q2_results\"><\/span><strong>When are DMart Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The board meets on 10 October 2026 to approve unaudited Q2 and half-year results. They will include like-for-like growth and margins.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_levels_for_Avenue_Supermarts_share_price\"><\/span><strong>What are the key levels for Avenue Supermarts share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The 52-week low is Rs 3,528.65 and the 52-week high is Rs 4,644. The 1 October close of Rs 3,813 is now resistance. These are reference levels and not predictions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Avenue_Supermarts_share_price_expensive\"><\/span><strong>Is Avenue Supermarts share price expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock trades at about 77 to 81 times earnings and about 10 times book value. That is a high premium for like-for-like growth of 5.5%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_Avenue_Supermarts_shares_a_good_buy_after_the_fall\"><\/span><strong>Are Avenue Supermarts shares a good buy after the fall?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. The business is growing and store additions continue, but valuation and quick commerce are risks. Consult a SEBI-registered financial advisor before investing.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is Avenue Supermarts share price falling today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Avenue Supermarts share price fell about 5% on 5 October because the Q2 update gave no like-for-like or margin data, revenue per store looks soft, and the stock trades near 80 times earnings.\"}},{\"@type\":\"Question\",\"name\":\"What did the DMart Q2 update show for revenue and store count?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Standalone revenue was Rs 19,206.18 crore, up 18.4% from Rs 16,218.79 crore and up 4.7% on the quarter. The store count reached 518, with 15 added in Q2, yet the Avenue Supermarts share price fell.\"}},{\"@type\":\"Question\",\"name\":\"What is DMart's like-for-like growth?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Like-for-like growth for stores older than two years was 5.5% in Q1 FY27, against 7.1% a year earlier and 10.8% in Q4 FY26. Q2 figures come with results on 10 October and will drive the Avenue Supermarts share price.\"}},{\"@type\":\"Question\",\"name\":\"How does quick commerce affect DMart?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Analysts say quick commerce kept sales flat in older metro stores. DMart Ready has exited seven cities and now operates in 11 against a peak of 25.\"}},{\"@type\":\"Question\",\"name\":\"When are DMart Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The board meets on 10 October 2026 to approve unaudited Q2 and half-year results. They will include like-for-like growth and margins.\"}},{\"@type\":\"Question\",\"name\":\"What are the key levels for Avenue Supermarts share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 52-week low is Rs 3,528.65 and the 52-week high is Rs 4,644. The 1 October close of Rs 3,813 is now resistance. These are reference levels and not predictions.\"}},{\"@type\":\"Question\",\"name\":\"Is Avenue Supermarts share price expensive?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock trades at about 77 to 81 times earnings and about 10 times book value. That is a high premium for like-for-like growth of 5.5%.\"}},{\"@type\":\"Question\",\"name\":\"Are Avenue Supermarts shares a good buy after the fall?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. The business is growing and store additions continue, but valuation and quick commerce are risks. Consult a SEBI-registered financial advisor before investing.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Avenue Supermarts share price fell 5% despite 18.4% Q2 revenue growth. See what is weighing on DMart and what to watch in the 10 October results.<\/p>\n","protected":false},"author":36,"featured_media":286567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[153,8071,154,8072,8073,5070],"class_list":["post-286571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-avenue-supermarts","tag-dmart","tag-dmart-share-price","tag-q2-business-update","tag-quick-commerce","tag-retail-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["286567"],"rank_math_title":["Avenue Supermarts Share Price Falls 5% Despite Strong Q2 Update"],"rank_math_description":["Avenue Supermarts share price fell about 5% on 5 October despite 18.4% Q2 revenue growth. See what weighs on DMart: like-for-like, quick commerce, valuation and results."],"rank_math_focus_keyword":["Avenue Supermarts share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/avenue-supermarts-share-price-falls-about-5-despite-an-18-4-q2-revenue-jump-what.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/286571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=286571"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/286571\/revisions"}],"predecessor-version":[{"id":286573,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/286571\/revisions\/286573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/286567"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=286571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=286571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=286571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}