DMART.NS Stock Today: January 13 Q3 Beat Lifts Targets, Margins Improve
DMart share price is in focus after Avenue Supermarts reported a Q3 beat. Profit rose 18% year on year to Rs 855.8 crore, revenue grew 13% to Rs 18,100.9 crore, and PAT margin improved to 4.7%. As of 12 Jan close, Avenue Supermarts (DMART.NS) settled at Rs 3,832.5, up 0.82%, with an intraday range of Rs 3,760.5 to Rs 3,918.6. Brokerages lifted targets after the print, while investors track if margin gains can hold amid staples deflation and note the CEO transition set for 1 Feb 2026.
Q3 FY26 snapshot: beat and margin uplift
Avenue Supermarts posted Q3 profit of Rs 855.8 crore, up 18% year on year, on revenue of Rs 18,100.9 crore, up 13%. The growth outpaced expectations, reflecting steady footfalls and improved mix across categories. The update reinforces the chain’s ability to scale without discounting profitability. Read more: D-Mart’s Q3 profit jumps 18%.
PAT margin improved to 4.7% despite ongoing staples deflation. Better mix, operating efficiency, and tight cost control supported the margin. Management commentary highlighted deflation as a headwind for ticket values, but the format’s low-cost model helped. Sustaining margin gains will depend on category inflation normalising and continued scale benefits in general merchandise and apparel.
The company operates 284 stores across key Indian states and runs its online arm under DMart Ready. Expansion remains disciplined, with a focus on high-density catchments and efficient box sizes. The offline model drives everyday low prices, while the online channel extends reach for planned baskets. This footprint anchors execution for future growth and supports the recent margin improvement.
DMart share price today: action, technicals, valuation
DMart share price closed at Rs 3,832.5 on 12 Jan, up 0.82% day on day. The session saw a high of Rs 3,918.6 and low of Rs 3,760.5. The stock is up 3.13% year to date and 9.27% over 1 year, but down 11.29% over 3 months. The 52-week range is Rs 3,340 to Rs 4,949.5.
RSI at 47.93 signals neutral momentum, while ADX at 33.15 indicates a strong underlying trend. Bollinger Bands show upper at 3,896.78 and lower at 3,669.72, suggesting nearby resistance and support. MACD histogram at 13.62 shows improving momentum. Short-term traders may watch 3,900 on the upside and 3,670 on the downside for cues on DMart share price.
On TTM metrics, P/E is 87.05x and price-to-sales is 3.78x, reflecting a premium valuation. ROE stands at 13.34% with a net margin of 4.34%. Balance sheet quality remains strong with debt-to-equity at 0.07 and current ratio at 2.49. Investors should weigh quality against valuation while tracking DMart share price near key levels.
Targets raised and what to watch next
Multiple brokerages raised DMart price target after the Q3 beat and margin improvement. The reaction reflects confidence in execution and the potential for further efficiencies. However, views differ on how quickly margins can scale. For details, see: Targets upped after Q3 beat. This backdrop supports interest in DMart share price.
Sustainability of margin gains amid staples deflation is the main debate. Mix improvement, private labels, and general merchandise recovery will be critical. Investors will also track like-for-like growth and new store productivity. The announced CEO transition to Anshul Asawa becomes effective on 1 Feb 2026. Execution continuity will be a focus for those following DMart share price.
Our baseline scenarios point to Rs 3,578.09 monthly, Rs 3,801.95 quarterly, and Rs 4,365.93 yearly levels. Longer-term modeled paths are Rs 4,597.06 in 3 years, Rs 4,836.92 in 5 years, and Rs 5,068.05 in 7 years. These are indicative, not guarantees. The next scheduled earnings update is on 1 May 2026, which could reset views on DMart share price.
Practical takeaways for India investors
Key risks include prolonged deflation in staples, slower recovery in non-food, and competitive intensity in value retail. Elevated valuation raises sensitivity to execution misses. Any slowdown in store additions or delays in scale benefits can compress multiples. These risks can drive near-term swings in DMart share price even if long-term fundamentals stay sound.
Focus on same-store growth, gross margin trend, and operating costs per square foot. Watch DMart Ready adoption, private label share, and store rollout cadence. Monitor management commentary during the next result on 1 May 2026 for clues on margins. Clarity on these drivers can guide entries and trims around DMart share price.
For diversified portfolios, position sizing should reflect volatility and valuation. Long-term investors often stagger entries around results and key technical levels. Short-term traders can use support at the lower band and resistance near recent highs for risk control. A clear plan helps manage exposure around DMart share price as news flows evolve.
Final Thoughts
Avenue Supermarts delivered a clean Q3: profit up 18% to Rs 855.8 crore, revenue up 13% to Rs 18,100.9 crore, and PAT margin at 4.7%. That improvement, alongside a strong balance sheet, lifted Street confidence and price targets. The near-term debate is whether margins can hold while staples remain in deflation. For investors in India, watch mix, gross margin, and cost per square foot, plus the 1 May 2026 update and the CEO transition effective 1 Feb 2026. With a premium P/E and neutral momentum, respect levels on the chart and rely on data-driven checkpoints to act around DMart share price.
FAQs
Why did DMart share price move after Q3 results?
Profit rose 18% year on year to Rs 855.8 crore and revenue grew 13% to Rs 18,100.9 crore. PAT margin improved to 4.7% despite staples deflation. These metrics beat expectations, so several brokerages raised targets, improving sentiment. Traders also reacted to technical levels near Rs 3,900, adding to price action.
Is the DMart margin expansion sustainable in FY26?
Sustainability depends on inflation trends in staples, mix recovery in general merchandise, and operating efficiencies. If deflation persists, ticket values may stay soft. However, improving mix and scale can support margins. Watch gross margin, private label share, and cost per square foot in the next results before assuming sustained expansion.
What is the latest DMart price target after the Q3 beat?
Brokerages have raised DMart price target after Q3, citing better profitability and execution. Exact targets vary by firm, but the direction has turned positive. Review recent notes and updates from your broker, and cross-check with public summaries to gauge the range before making trading or allocation decisions.
How does valuation look for Avenue Supermarts now?
On trailing metrics, P/E is about 87x and price-to-sales is 3.78x, which is premium for the sector. ROE is 13.34% with low leverage at 0.07 debt-to-equity. Quality is solid, but expectations are high. Any earnings miss can hurt returns, so monitor catalysts closely at current levels.
When is the next Avenue Supermarts earnings release?
Our feed shows the next scheduled earnings update on 1 May 2026. That event will provide fresh data on margins, mix, and store productivity, and could move the stock. Prepare by tracking like-for-like growth, gross margin trend, and commentary on staples inflation or deflation ahead of the release.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
