one18
Avenue Supermarts | Standalone revenue for operations for the quarter that ended on December 31 stood at ₹17,612 crore, which is a growth of 13% from the ₹15,565 crore that it reported during the same quarter last year. The total number of stores the company has at the end of the December quarter stood at 442, including one store in Navi Mumbai, which is currently closed for customers due to reconstruction.
Stocks
C
CNBC TV18•12-01-2026, 14:53

DMart Stabilizing, ITC Preferred Over Trent: Nuvama's Abneesh Roy

  • •Abneesh Roy of Nuvama Institutional Equities believes DMart stock is nearing a bottom after a sharp correction, with Q3FY26 results showing margin improvement.
  • •Gross and EBITDA margins improved by approximately 50 basis points, a positive surprise after prolonged pressure on profitability.
  • •DMart Ready's growth is tracking near 20%, and store expansion is on course, with 28 new stores added in 9 months and 60 expected for the full year.
  • •Sustainability of margin improvement is crucial for DMart, as past quarters suggest a potential bottoming out, but consistency is key for investor confidence.
  • •Roy prefers ITC over Trent due to attractive valuations, a 5% dividend yield, and expected price hikes, despite ongoing FII selling.

Why It Matters: DMart shows signs of stabilization and margin recovery, while ITC offers better value than Trent, according to Nuvama's Abneesh Roy.

Read Full Article on Cnbc in English
✦

More like this

Loading more articles...