The full variety of shops on the finish of September 2024 stood at 377. The Radhakishan Damani owned firm goals so as to add 45 shops in FY25 with the medium time period band at 45-60 shops each year.
Put up the replace, brokerage corporations have revised their views on the inventory. Right here’s what they mentioned:
Macquarie: Outperform| Goal worth: Rs 5,600
Gross sales development has moderated from Q1 ranges whereas retailer additions are barely under estimates. Sequential moderation in gross margins are additionally anticipated as a consequence of a change within the product combine.
Additionally learn: HDFC Financial institution Q2 Replace: Deposits bounce 15% YoY, advances beneath administration surge 8%
Goldman Sachs: Promote| Goal worth: Rs 4,050
Goldman Sachs has maintained a Promote ranking on Avenue Supermarts with a goal worth of Rs 4,050.Goldman believes {that a} sharp development slowdown has been probably impacted by Q-Commerce. Moderation in development as a consequence of SSSG slowdown was additionally seen. The worldwide brokerage has lower FY26/27 EPS estimates by 2%. The corporate’s retailer addition is in danger.
Morgan Stanley: Chubby| Goal worth: Rs 5,769
Morgan Stanley maintained an Chubby ranking on the inventory with a goal worth at Rs 5,769.
Morgan Stanley said that the corporate’s development was under expectations and so they now await administration readability on the slower development price. Standalone income at 5% was under the estimates whereas operational metrics have improved however at a slower price.
(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Occasions)