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UBS raises price target on India's DMart operator; shares climb

ReutersSep 18, 2025 4:15 AM

UBS hikes Avenue Supermarts AVEU.NS PT to 5,600 rupees from 5,050 rupees, nearly 19% upside to last close; keeps "buy" rating

DMart supermarket chain operator's stock up 1.4% to 4,784.7 rupees

Brokerage cites DMart's highest discount among peers at 21%, boosting customer loyalty in middle/lower-middle income segments

Notes value retail edge in offline stores and online platform DMart Ready after store, channel checks

DMart opened 130 stores across India in last 3 years; UBS estimates 230-250 new outlets in next three years

Adds, growth set to accelerate on quick-commerce foray, value retail business model

AVEU rated "hold" by 28 analysts on avg, median PT 4,040 rupees - data compiled by LSEG

YTD, stock up 34%

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