DMart ke investors ke liye buri khabar! Prabhudas Lilladher ne Avenue Supermarts ko 'Reduce' rating di hai aur target price ghata kar **₹3,214** kar diya hai. Quick-commerce ki badhti competition ki wajah se stock par dabav bana hua hai.
Quick-commerce ka DMart par asar
Prabhudas Lilladher ki report ne retail giant Avenue Supermarts ke liye chinta badha di hai. Brokerage ka manna hai ki Blinkit, Zepto, aur Swiggy Instamart jaise platforms jis tarah se market share capture kar rahe hain, uska seedha asar DMart ki physical stores ki sales par pad raha hai. Company ne pichle 9 mahino mein 76 naye stores khole hain, jisse total count 518 ho gaya hai, lekin revenue density mein wo dam nahi dikh raha jo pehle tha.
Financials ka sach
Q2 FY27 mein company ne ₹19,206.18 Crore ki standalone revenue report ki, jo pichle saal se 18.4% zyada hai. Net profit bhi 8.5% badhkar ₹742.98 Crore raha. Lekin problem ye hai ki badhti hui commodity costs ko customers par pass-on karna mushkil ho raha hai, jisse margins par pressure ban gaya hai.
Valuation par sawaal
DMart ka stock abhi bhi 61x P/E multiple par trade kar raha hai, jo kaafi mehnga hai. Jab tak company apni store productivity improve nahi karti aur quick-commerce ko takkar dene ka koi solid plan nahi laati, tab tak stock mein badi tezi ki umeed kam hai. Stock pichle dino ₹3,499.9 ke 52-week low level tak gir chuka hai, jo investors ki ghabrahat ko saaf dikhata hai.