Overview
- Avenue Supermarts shares rose as much as 8% on Wednesday after the company confirmed late Tuesday it had opened 12 new stores to reach 500.
- The latest outlets span cities such as Pune, Chennai, Cuttack, Lucknow, Greater Noida, Faridabad, Bilaspur, Gandhinagar, Ahmedabad, and Nagpur, expanding access to DMart’s low-price supermarkets in metro and tier‑II markets.
- The retailer moved from 478 to 500 stores in four days, following multiple launches that included three openings on March 29 and seven on March 30.
- In Q3FY26, revenue climbed to Rs 18,100.88 crore, net profit rose to Rs 855.78 crore, and profit margin improved to 4.7%, indicating stronger operating performance.
- Analysts remained upbeat, with CLSA keeping a high‑conviction outperform rating and a Rs 6,185 target, while Republic World reported the company is eyeing roughly 85 store additions a year compared with about 50 last year.