{"id":301132,"date":"2026-10-12T10:34:30","date_gmt":"2026-10-12T05:04:30","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=301132"},"modified":"2026-10-12T10:34:30","modified_gmt":"2026-10-12T05:04:30","slug":"dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/","title":{"rendered":"DMart Share Price Hits 52-Week Low of Rs 3,366: Why Is Avenue Supermarts Stock Declining? Q2 Business Update, 73x Valuation, Slower Store Additions, Foreign Selling, Brokerage Views, Support Levels and the Risks"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>DMart opened Rs 3,405 vs Rs 3,520 close, fell 4.4% to a 52-week low of Rs 3,366 on 12 Oct. Q2 revenue Rs 19,206 cr (+18.3%). P\/E about 73x, RoE about 13%. Stock about 43% below its Rs 5,900 high.<\/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;\">DMart share price opened at Rs 3,405 against a previous close of Rs 3,520 on 12 October and fell 4.4% to a fresh 52-week low of Rs 3,366, extending a slide that began after the Q2 business update. The business is growing, since Q2 revenue rose 18.3% to Rs 19,206 crore and the chain reached 518 stores, but the stock still trades at about 73 times trailing earnings, my calculation using an EPS of Rs 46.89, with a return on equity near 13%. The decline is mainly a valuation reset, because investors are asking for faster growth or higher returns to justify a premium multiple, and it is amplified by foreign selling, rising US yields and slower store additions of 18 in the first half against 17 a year earlier. No company-specific negative news was reported on 12 October, brokerages are divided, and the Q2 results are the next test.<\/p>\n<\/p><\/div>\n<p>DMart share price is down about 43% from its record high near Rs 5,900 and about 8% from Rs 3,686.80 on 5 October, which makes the stock one of the weakest large caps this month. Avenue Supermarts runs the DMart chain of value supermarkets, and it owns most of its stores, which keeps costs low but ties up capital.<\/p>\n<p>If you hold Avenue Supermarts or are wondering whether the fall is a buying chance, this article covers the 12 October move, the timeline of the fall, the Q2 business update, why the DMart share price is declining, valuation against growth, brokerage views, levels to watch, scenarios, the risks and what to watch next.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\">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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#DMart_Share_Price_The_Move_on_12_October\" title=\"DMart Share Price: The Move on 12 October\">DMart Share Price: The Move on 12 October<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#The_Q2_FY27_Business_Update_Behind_the_DMart_Share_Price_Fall\" title=\"The Q2 FY27 Business Update Behind the DMart Share Price Fall\">The Q2 FY27 Business Update Behind the DMart Share Price Fall<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#Why_Is_the_DMart_Share_Price_Declining_Five_Reasons\" title=\"Why Is the DMart Share Price Declining? Five Reasons\">Why Is the DMart Share Price Declining? Five Reasons<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#DMart_Share_Price_Valuation_Against_Growth\" title=\"DMart Share Price: Valuation Against Growth\">DMart Share Price: Valuation Against Growth<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#Brokerage_Views_on_the_DMart_Share_Price\" title=\"Brokerage Views on the DMart Share Price\">Brokerage Views on the DMart 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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#Levels_to_Watch_for_the_DMart_Share_Price\" title=\"Levels to Watch for the DMart Share Price\">Levels to Watch for the DMart 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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#Scenarios_for_the_DMart_Share_Price\" title=\"Scenarios for the DMart Share Price\">Scenarios for the DMart Share Price<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#Risks_Behind_the_DMart_Share_Price\" title=\"Risks Behind the DMart Share Price\">Risks Behind the DMart Share Price<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#What_to_Watch_Next_for_the_DMart_Share_Price\" title=\"What to Watch Next for the DMart Share Price\">What to Watch Next for the DMart Share Price<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#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-11\" href=\"https:\/\/univest.in\/blogs-2\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#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-12\" href=\"https:\/\/univest.in\/blogs-2\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#Why_is_the_DMart_share_price_falling\" title=\"Why is the DMart share price falling?\">Why is the DMart share price falling?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#What_is_the_DMart_52-week_low\" title=\"What is the DMart 52-week low?\">What is the DMart 52-week low?<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#How_did_DMart_do_in_Q2_FY27\" title=\"How did DMart do in Q2 FY27?\">How did DMart do in Q2 FY27?<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#How_expensive_is_the_stock\" title=\"How expensive is the stock?\">How expensive is the stock?<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#How_far_is_the_stock_from_its_high\" title=\"How far is the stock from its high?\">How far is the stock from its high?<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#What_do_brokerages_say\" title=\"What do brokerages say?\">What do brokerages say?<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#When_are_the_Q2_results\" title=\"When are the Q2 results?\">When are the Q2 results?<\/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\/dmart-share-price-hits-52-week-low-why-avenue-supermarts-stock-is-declining\/#Should_I_buy_the_DMart_share_price_at_the_52-week_low\" title=\"Should I buy the DMart share price at the 52-week low?\">Should I buy the DMart share price at the 52-week low?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"DMart_Share_Price_The_Move_on_12_October\"><\/span><strong>DMart Share Price: The Move on 12 October<\/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;\">Measure<\/th>\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;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,520<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9 October<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Open<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,405<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A gap down of about 3.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,366<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 4.4% and a fresh 52-week low<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Record high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 5,900<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The stock is about 43% below it<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earlier 52-week low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,521<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hit on 6 October after the Q2 update<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Level on 5 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,686.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 3.2% from Rs 3,809.70 at the time<\/td>\n<\/tr>\n<\/table>\n<p>The DMart share price has now broken below the Rs 3,521 low of 6 October, which turns that level from support into resistance.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener for live data on retail and consumer stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Q2_FY27_Business_Update_Behind_the_DMart_Share_Price_Fall\"><\/span><strong>The Q2 FY27 Business Update Behind the DMart 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;\">Item<\/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;\">Comparison<\/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 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 18.3% from Rs 16,360 crore a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous quarter revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 18,795 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q1 FY27<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Store count<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">518<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up from 500 at the end of FY26<\/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;\">18 added in the first half of FY27 against 17 a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Share price reaction<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 6.45% on 5 October and a 52-week low on 6 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Different reports quote 4% to 6.45% for the day<\/td>\n<\/tr>\n<\/table>\n<p>Revenue growth of 18.3% is healthy for a supermarket chain, so the DMart share price fell on what the Q2 business update did not show, namely faster store growth and rising returns.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_the_DMart_Share_Price_Declining_Five_Reasons\"><\/span><strong>Why Is the DMart Share Price Declining? Five Reasons<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Premium valuation: about 73 to 77 times trailing earnings and a price to book near 9 times, against a sector median P\/E near 24 times in one data set.<\/li>\n<li>Returns are modest: return on equity is about 13%, as low single-digit operating margins and an asset-heavy model that owns about 85% of its stores hold it back.<\/li>\n<li>Weak long-term record: a three-year profit growth rate near 8% a year and a three-year share price return of about minus 2%, per Screener.in data cited in coverage.<\/li>\n<li>Slower expansion: 18 stores in the first half of FY27, roughly flat against 17, in a business where store additions drive growth.<\/li>\n<li>Market pressure: foreign selling, rising US Treasury yields, West Asia tension and the RBI&#8217;s rate hike have hit expensive large caps.<\/li>\n<\/ol>\n<p>The DMart share price is therefore reacting to a mismatch between a high multiple and about 15% expected profit growth in FY27, not to a business failure.<\/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=\"DMart_Share_Price_Valuation_Against_Growth\"><\/span><strong>DMart Share Price: Valuation Against Growth<\/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;\">Measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">DMart (Avenue Supermarts)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Context<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 73x at Rs 3,405 (my calculation); 76.6x to 81x in other data sets<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sector median about 24x in one data set<\/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 8.8x at Rs 3,405 (my calculation on book value of Rs 386.98)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sector median about 2.2x<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 13%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trent is about 27% to 28% in the same comparison<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Expected FY27 profit growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 15%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Assuming an EBITDA margin near 8% is defended<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">PEG ratio<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 9.7x in one analysis<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trent about 1.2x<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">No dividend paid<\/td>\n<\/tr>\n<\/table>\n<p>Valuation ratios differ by source and date, so treat them as a range, but all show that the DMart share price still prices in growth well above what the latest quarter suggests.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Brokerage_Views_on_the_DMart_Share_Price\"><\/span><strong>Brokerage Views on the DMart Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Coverage after the Q2 business update described Goldman Sachs, JP Morgan and Jefferies as holding divided views on the stock, and I did not find their latest targets. The mixed picture matches the numbers: strong sales and a long runway on one side, and a high multiple and 13% return on equity on the other.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Levels_to_Watch_for_the_DMart_Share_Price\"><\/span><strong>Levels to Watch for the DMart 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;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Type<\/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 3,366<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fresh 52-week low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A close below it opens fresh lows with no chart support<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,405<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12 October open<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">First resistance on a bounce<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,520 to Rs 3,521<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close of 9 October and earlier low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Key resistance and a recovery marker<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,686.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Level on 5 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Next resistance<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 5,900<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Record high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Long-term reference only<\/td>\n<\/tr>\n<\/table>\n<p>These are reference levels for the DMart share price from reported prices and not recommendations.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Scenarios_for_the_DMart_Share_Price\"><\/span><strong>Scenarios for the DMart 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;\">Scenario<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What would need to happen<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Likely effect<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Recovery<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 results show margin stability and faster store additions<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The DMart share price can stabilise above Rs 3,520<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sideways<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Results are in line and the market stays weak<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A range between about Rs 3,366 and Rs 3,520<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Further fall<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Margins slip or foreign selling continues<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A move below Rs 3,366 and a lower valuation<\/td>\n<\/tr>\n<\/table>\n<p>The scenarios are illustrative and not forecasts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_Behind_the_DMart_Share_Price\"><\/span><strong>Risks Behind the DMart Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Valuation risk:<\/strong> A multiple near 73 times leaves little room for any miss in profit growth.<\/p>\n<p><strong>Margin pressure:<\/strong> Competition from quick commerce and rising costs can squeeze the DMart share price through lower margins.<\/p>\n<p><strong>Expansion pace:<\/strong> Fewer store additions would slow revenue growth.<\/p>\n<p><strong>Market risk:<\/strong> Foreign selling and higher yields can keep pressure on expensive large caps.<\/p>\n<p><strong>Data differences:<\/strong> P\/E and ROE figures vary by source, so verify before acting on the DMart share price.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_the_DMart_Share_Price\"><\/span><strong>What to Watch Next for the DMart Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Avenue Supermarts&#8217; Q2 FY27 results, due in October, for margins, profit and store pipeline commentary.<\/li>\n<li>Whether the stock holds Rs 3,366 or breaks below it on volume.<\/li>\n<li>Brokerage target changes after the Q2 results.<\/li>\n<li>Foreign institutional flows and US yields.<\/li>\n<li>Trends in quick commerce and rivals such as Trent and Reliance Retail.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The DMart share price fell 4.4% to a 52-week low of Rs 3,366 on 12 October, driven by a premium valuation near 73 times earnings, a return on equity of about 13%, slower store additions and weak market sentiment, even as Q2 revenue grew 18.3%. The Q2 results and the Rs 3,366 and Rs 3,520 levels are the next tests. 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_the_DMart_share_price_falling\"><\/span><strong>Why is the DMart share price falling?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The DMart share price is falling mainly on a premium valuation, a return on equity near 13%, slower store additions and foreign selling, even though Q2 revenue grew 18.3%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_DMart_52-week_low\"><\/span><strong>What is the DMart 52-week low?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Rs 3,366 on 12 October 2026, after an open at Rs 3,405 and a previous close of Rs 3,520.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_DMart_do_in_Q2_FY27\"><\/span><strong>How did DMart do in Q2 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Standalone revenue rose 18.3% to Rs 19,206 crore and the store count reached 518.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_expensive_is_the_stock\"><\/span><strong>How expensive is the stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It trades at about 73 times trailing earnings at Rs 3,405, my calculation, and other data sets show 76.6 to 81 times.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_far_is_the_stock_from_its_high\"><\/span><strong>How far is the stock from its high?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About 43% below the record high near Rs 5,900.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_do_brokerages_say\"><\/span><strong>What do brokerages say?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reports described Goldman Sachs, JP Morgan and Jefferies as divided on the stock after the Q2 update.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_are_the_Q2_results\"><\/span><strong>When are the Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> They are due in October. Check the exchange filing for the confirmed date.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_the_DMart_share_price_at_the_52-week_low\"><\/span><strong>Should I buy the DMart share price at the 52-week low?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. The valuation is high and the trend is down. Consult a SEBI-registered financial advisor.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is the DMart share price falling?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The DMart share price is falling mainly on a premium valuation, a return on equity near 13%, slower store additions and foreign selling, even though Q2 revenue grew 18.3%.\"}},{\"@type\":\"Question\",\"name\":\"What is the DMart 52-week low?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Rs 3,366 on 12 October 2026, after an open at Rs 3,405 and a previous close of Rs 3,520.\"}},{\"@type\":\"Question\",\"name\":\"How did DMart do in Q2 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Standalone revenue rose 18.3% to Rs 19,206 crore and the store count reached 518.\"}},{\"@type\":\"Question\",\"name\":\"How expensive is the stock?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It trades at about 73 times trailing earnings at Rs 3,405, my calculation, and other data sets show 76.6 to 81 times.\"}},{\"@type\":\"Question\",\"name\":\"How far is the stock from its high?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About 43% below the record high near Rs 5,900.\"}},{\"@type\":\"Question\",\"name\":\"What do brokerages say?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reports described Goldman Sachs, JP Morgan and Jefferies as divided on the stock after the Q2 update.\"}},{\"@type\":\"Question\",\"name\":\"When are the Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"They are due in October. Check the exchange filing for the confirmed date.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy the DMart share price at the 52-week low?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. The valuation is high and the trend is down. Consult a SEBI-registered financial advisor.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>DMart share price fell 4.4% to a 52-week low of Rs 3,366. See why Avenue Supermarts stock is declining, the Q2 update, valuation and risks.<\/p>\n","protected":false},"author":35,"featured_media":301130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4908,153,154,8072,5070,11028],"class_list":["post-301132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-52-week-low-2","tag-avenue-supermarts","tag-dmart-share-price","tag-q2-business-update","tag-retail-stocks","tag-valuation"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["301130"],"rank_math_title":["DMart Share Price Hits 52-Week Low: Why Is the Stock Declining?"],"rank_math_description":["DMart share price fell 4.4% to a 52-week low of Rs 3,366. See why Avenue Supermarts stock is declining, the Q2 update, valuation, key levels, risks and what to watch."],"rank_math_focus_keyword":["DMart 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\/dmart-share-price-hits-52-week-low-of-rs-3-366-why-is-avenue-supermarts-stock.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/301132","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\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=301132"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/301132\/revisions"}],"predecessor-version":[{"id":301134,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/301132\/revisions\/301134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/301130"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=301132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=301132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=301132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}