{"id":302650,"date":"2026-10-12T15:08:07","date_gmt":"2026-10-12T09:38:07","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=302650"},"modified":"2026-10-12T15:08:07","modified_gmt":"2026-10-12T09:38:07","slug":"avenue-supermarts-share-price-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/","title":{"rendered":"Avenue Supermarts Share Price Target After Q2: Motilal Oswal Neutral at Rs 3,925, ICICI Securities Hold at Rs 3,700, Stock Falls to a Fresh 52-Week Low, Margin Pressure, Quick Commerce Threat and What Investors Should Do"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Avenue Supermarts share price target: Motilal Oswal Neutral Rs 3,925 (cut from Rs 4,000); ICICI Securities Hold Rs 3,700 (headline only). Q2 revenue Rs 19,644 cr consol (+17.8%), standalone PAT Rs 804 cr (+7.6%), EBITDA margin 7.3% vs 7.6%. Stock at 52-week low Rs 3,366.<\/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 target was cut by Motilal Oswal to Rs 3,925 from Rs 4,000 with a Neutral rating, while ICICI Securities has a Hold with a target of Rs 3,700, after the Q2 FY27 results showed profit growing slower than revenue. Standalone revenue rose 18.4% to Rs 19,206 crore and standalone profit after tax rose 7.6% to Rs 804 crore, but the EBITDA margin slipped to 7.3% from 7.6%, and the stock fell about 5% to a fresh 52-week low of Rs 3,366 on 12 October. Measured against that low, the two targets imply upside of about 17% and 10% (my calculation), though both brokerages stop short of calling it a buy. Quick commerce competition and margin pressure are the debate, so the targets are a guide to sentiment and not a promise.<\/p>\n<\/p><\/div>\n<p>Avenue Supermarts runs the DMart chain of value supermarkets in India. The stock has fallen sharply this year, and the Q2 FY27 results announced on 10 October gave brokerages fresh reasons to trim their numbers.<\/p>\n<p>This article focuses on the Avenue Supermarts share price target after Q2: what each brokerage said, the Q2 numbers, why margins matter, how the upside works out, valuation, risks and what to watch. A separate article covers the 52-week low itself.<\/p>\n<p>Detail on the ICICI Securities view is limited to the headline figures, since I could not open its report. Treat that part as unverified.<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\">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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#Avenue_Supermarts_Share_Price_Target_What_Brokerages_Say\" title=\"Avenue Supermarts Share Price Target: What Brokerages Say\">Avenue Supermarts Share Price Target: What Brokerages Say<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#Q2_FY27_Results_Behind_the_Avenue_Supermarts_Share_Price_Target\" title=\"Q2 FY27 Results Behind the Avenue Supermarts Share Price Target\">Q2 FY27 Results Behind the Avenue Supermarts Share Price Target<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#Why_Margins_Drive_the_Avenue_Supermarts_Share_Price_Target\" title=\"Why Margins Drive the Avenue Supermarts Share Price Target\">Why Margins Drive the Avenue Supermarts Share Price Target<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#The_Upside_Math_Behind_the_Avenue_Supermarts_Share_Price_Target\" title=\"The Upside Math Behind the Avenue Supermarts Share Price Target\">The Upside Math Behind the Avenue Supermarts Share Price Target<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#Avenue_Supermarts_Share_Price_Target_and_Valuation\" title=\"Avenue Supermarts Share Price Target and Valuation\">Avenue Supermarts Share Price Target and Valuation<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#How_Reliable_Are_Reports_of_the_12_October_Fall\" title=\"How Reliable Are Reports of the 12 October Fall?\">How Reliable Are Reports of the 12 October Fall?<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#Risks_to_the_Avenue_Supermarts_Share_Price_Target\" title=\"Risks to the Avenue Supermarts Share Price Target\">Risks to the Avenue Supermarts Share Price Target<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#What_to_Watch_Next_for_the_Avenue_Supermarts_Share_Price_Target\" title=\"What to Watch Next for the Avenue Supermarts Share Price Target\">What to Watch Next for the Avenue Supermarts Share Price Target<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#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-10\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#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-11\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#What_is_the_Motilal_Oswal_Avenue_Supermarts_share_price_target\" title=\"What is the Motilal Oswal Avenue Supermarts share price target?\">What is the Motilal Oswal Avenue Supermarts share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/avenue-supermarts-share-price-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#What_is_the_ICICI_Securities_target_for_Avenue_Supermarts\" title=\"What is the ICICI Securities target for Avenue Supermarts?\">What is the ICICI Securities target for Avenue Supermarts?<\/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\/avenue-supermarts-share-price-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#What_were_Avenue_Supermarts_Q2_FY27_results\" title=\"What were Avenue Supermarts&#8217; Q2 FY27 results?\">What were Avenue Supermarts&#8217; Q2 FY27 results?<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#Why_did_brokerages_cut_the_Avenue_Supermarts_share_price_target\" title=\"Why did brokerages cut the Avenue Supermarts share price target?\">Why did brokerages cut the Avenue Supermarts share price target?<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#How_much_upside_do_the_targets_imply\" title=\"How much upside do the targets imply?\">How much upside do the targets imply?<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#What_is_the_52-week_range_of_Avenue_Supermarts\" title=\"What is the 52-week range of Avenue Supermarts?\">What is the 52-week range of Avenue Supermarts?<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#What_is_the_valuation_of_Avenue_Supermarts\" title=\"What is the valuation of Avenue Supermarts?\">What is the valuation of Avenue Supermarts?<\/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-target-after-q2-motilal-oswal-neutral-rs-3925-icici-securities-hold-rs-3700-stock-hits-52-week-low\/#Should_I_buy_at_the_Avenue_Supermarts_share_price_target\" title=\"Should I buy at the Avenue Supermarts share price target?\">Should I buy at the Avenue Supermarts share price target?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Avenue_Supermarts_Share_Price_Target_What_Brokerages_Say\"><\/span><strong>Avenue Supermarts Share Price Target: What Brokerages Say<\/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;\">Rating<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Target<\/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;\">Motilal Oswal<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Neutral<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,925<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Cut from Rs 4,000, a trim of about 1.9% (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ICICI Securities<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,700<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Headline figure only; report details not verified<\/td>\n<\/tr>\n<\/table>\n<p>Both calls are neutral in tone. Neither brokerage sees a strong case to buy at current levels, which is why the Avenue Supermarts share price target debate is about how much downside is already priced in.<\/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=\"Q2_FY27_Results_Behind_the_Avenue_Supermarts_Share_Price_Target\"><\/span><strong>Q2 FY27 Results Behind the Avenue Supermarts Share Price Target<\/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 18.4% year on year<\/td>\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 19,644 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 17.8% from Rs 16,676 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Standalone EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,403 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 14.1%, margin 7.3% against 7.6% a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Standalone profit after tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 804 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 7.6%, about 4.2% of revenue (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consolidated profit after tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 743 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 8.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Like-for-like growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9.5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Stores older than two years, against 6.8% a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Stores<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">518<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15 added in the quarter, up 20% year on year<\/td>\n<\/tr>\n<\/table>\n<p>Revenue and like-for-like growth were healthy. The Avenue Supermarts share price target was cut because profit missed estimates and the margin fell about 30 basis points.<\/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 Avenue Supermarts share price target and retail stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Margins_Drive_the_Avenue_Supermarts_Share_Price_Target\"><\/span><strong>Why Margins Drive the Avenue Supermarts Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Quick commerce: rivals&#8217; aggressive discounts and delivery offers hurt DMart in dense urban areas where it has many stores.<\/li>\n<li>Wage inflation: higher entry-level pay has raised retail costs per square foot.<\/li>\n<li>Pricing: DMart&#8217;s everyday low price model leaves little room to pass costs on.<\/li>\n<li>Thin cushion: the 7.3% EBITDA margin is already thin, so a drop of 30 basis points trims profit visibly.<\/li>\n<\/ol>\n<p>Motilal Oswal linked its target cut to these margin risks, so any recovery in the Avenue Supermarts share price target needs evidence that margins have stabilised.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Upside_Math_Behind_the_Avenue_Supermarts_Share_Price_Target\"><\/span><strong>The Upside Math Behind the Avenue Supermarts Share Price Target<\/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;\">Target<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reference price<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Implied move (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,925 (Motilal Oswal)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,366 (12 October low)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About +16.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,700 (ICICI Securities)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,366 (12 October low)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About +9.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week high Rs 4,642<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,366<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The low is about 27.5% below the high<\/td>\n<\/tr>\n<\/table>\n<p>The upside depends on the price you use. Using the day&#8217;s low flatters the numbers, and a later close would shrink them. The Avenue Supermarts share price target is also a 12-month view and not a forecast for this week.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Avenue_Supermarts_Share_Price_Target_and_Valuation\"><\/span><strong>Avenue Supermarts Share Price Target and Valuation<\/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;\">Value<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Source note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market cap<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,29,613 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">MarketsMOJO, 12 October<\/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;\">9.4<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Same source<\/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;\">5.9<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Same source<\/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;\">12.1%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Same source<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.03<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Almost debt free<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1-year return<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">-21.0% against Sensex -12.3%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Same source<\/td>\n<\/tr>\n<\/table>\n<p>A P\/B of 9.4 and a return on equity near 12% show why the Avenue Supermarts share price target is hard to raise: the market pays a premium multiple for growth that is slowing in profit terms. MarketsMOJO rates the stock Sell with a score of 38, downgraded from Hold on 17 August 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Reliable_Are_Reports_of_the_12_October_Fall\"><\/span><strong>How Reliable Are Reports of the 12 October Fall?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Sources differ on the size of the fall: about 4.4% from a Rs 3,520 close to the Rs 3,366 low, 5.48% in one data summary and 6.39% in a MarketsMOJO headline. The opening gap is quoted at 3.27%. All agree on the Rs 3,366 low. Use the low as a reference, and check live prices.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_the_Avenue_Supermarts_Share_Price_Target\"><\/span><strong>Risks to the Avenue Supermarts Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Margin pressure:<\/strong> Further discounting by quick commerce rivals could push the EBITDA margin below 7.3%.<\/p>\n<p><strong>Valuation:<\/strong> A P\/B of 9.4 leaves little cushion if growth in profit stays near 8%.<\/p>\n<p><strong>More cuts:<\/strong> If Q3 is weak, brokerages may trim the Avenue Supermarts share price target again.<\/p>\n<p><strong>Market weakness:<\/strong> The Sensex is down about 12% over a year, and foreign selling has hit expensive large caps.<\/p>\n<p><strong>Data gaps:<\/strong> The ICICI Securities rating details are not verified, so the picture of brokerage views may be incomplete.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_the_Avenue_Supermarts_Share_Price_Target\"><\/span><strong>What to Watch Next for the Avenue Supermarts Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Further brokerage updates after Q2, including Buy ratings or more cuts to the Avenue Supermarts share price target.<\/li>\n<li>The EBITDA margin trend against the 7.3% in Q2.<\/li>\n<li>Like-for-like growth after the 9.5% in Q2.<\/li>\n<li>Store additions against the 518 base.<\/li>\n<li>Whether the stock holds the Rs 3,366 low.<\/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>Avenue Supermarts share price target now stands at Rs 3,925 from Motilal Oswal (Neutral) and Rs 3,700 from ICICI Securities (Hold), after Q2 showed healthy sales but a thinner margin. The stock at a 52-week low offers upside on paper, but margins and quick commerce will decide the next move. 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=\"What_is_the_Motilal_Oswal_Avenue_Supermarts_share_price_target\"><\/span><strong>What is the Motilal Oswal Avenue Supermarts share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Motilal Oswal has a Neutral rating with a target of Rs 3,925, cut from Rs 4,000, after the Q2 FY27 results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_ICICI_Securities_target_for_Avenue_Supermarts\"><\/span><strong>What is the ICICI Securities target for Avenue Supermarts?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A headline shows a Hold rating with a target of Rs 3,700. The full report was not verified.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Avenue_Supermarts_Q2_FY27_results\"><\/span><strong>What were Avenue Supermarts&#8217; Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Standalone revenue was Rs 19,206 crore (up 18.4%), EBITDA Rs 1,403 crore with a 7.3% margin and profit after tax Rs 804 crore (up 7.6%).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_brokerages_cut_the_Avenue_Supermarts_share_price_target\"><\/span><strong>Why did brokerages cut the Avenue Supermarts share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Profit missed estimates and margins fell about 30 basis points on quick commerce competition and wage inflation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_upside_do_the_targets_imply\"><\/span><strong>How much upside do the targets imply?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Against the 12 October low of Rs 3,366, about 17% for Rs 3,925 and 10% for Rs 3,700 (my calculation).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_52-week_range_of_Avenue_Supermarts\"><\/span><strong>What is the 52-week range of Avenue Supermarts?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The low is Rs 3,366 and the high is Rs 4,642, per MarketsMOJO.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_valuation_of_Avenue_Supermarts\"><\/span><strong>What is the valuation of Avenue Supermarts?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> P\/B is about 9.4, PEG 5.9 and return on equity 12.1%, per MarketsMOJO on 12 October.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_at_the_Avenue_Supermarts_share_price_target\"><\/span><strong>Should I buy at the Avenue Supermarts share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. Targets can change. 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\":\"What is the Motilal Oswal Avenue Supermarts share price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Motilal Oswal has a Neutral rating with a target of Rs 3,925, cut from Rs 4,000, after the Q2 FY27 results.\"}},{\"@type\":\"Question\",\"name\":\"What is the ICICI Securities target for Avenue Supermarts?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A headline shows a Hold rating with a target of Rs 3,700. The full report was not verified.\"}},{\"@type\":\"Question\",\"name\":\"What were Avenue Supermarts' Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Standalone revenue was Rs 19,206 crore (up 18.4%), EBITDA Rs 1,403 crore with a 7.3% margin and profit after tax Rs 804 crore (up 7.6%).\"}},{\"@type\":\"Question\",\"name\":\"Why did brokerages cut the Avenue Supermarts share price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Profit missed estimates and margins fell about 30 basis points on quick commerce competition and wage inflation.\"}},{\"@type\":\"Question\",\"name\":\"How much upside do the targets imply?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Against the 12 October low of Rs 3,366, about 17% for Rs 3,925 and 10% for Rs 3,700 (my calculation).\"}},{\"@type\":\"Question\",\"name\":\"What is the 52-week range of Avenue Supermarts?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The low is Rs 3,366 and the high is Rs 4,642, per MarketsMOJO.\"}},{\"@type\":\"Question\",\"name\":\"What is the valuation of Avenue Supermarts?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"P\/B is about 9.4, PEG 5.9 and return on equity 12.1%, per MarketsMOJO on 12 October.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy at the Avenue Supermarts share price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. Targets can change. Consult a SEBI-registered financial advisor.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Avenue Supermarts share price target: Motilal Oswal Neutral Rs 3,925, ICICI Securities Hold Rs 3,700 after Q2. See results, margins, upside and risks.<\/p>\n","protected":false},"author":35,"featured_media":302649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4908,10924,8071,11343,10419,11030,8073],"class_list":["post-302650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-52-week-low-2","tag-avenue-supermarts-share-price-target","tag-dmart","tag-icici-securities","tag-motilal-oswal","tag-q2-fy27","tag-quick-commerce"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["302649"],"rank_math_title":["Avenue Supermarts Share Price Target After Q2 Results"],"rank_math_description":["Avenue Supermarts share price target: Motilal Oswal Neutral Rs 3,925, ICICI Securities Hold Rs 3,700 after Q2. See the numbers, margins, valuation, upside and risks."],"rank_math_focus_keyword":["Avenue Supermarts share price target"],"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-target-after-q2-motilal-oswal-neutral-at-rs-3-925.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/302650","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=302650"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/302650\/revisions"}],"predecessor-version":[{"id":302651,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/302650\/revisions\/302651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/302649"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=302650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=302650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=302650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}