DMart's Margin Shock Spooks Brokerages, But Long-Term Growth Story Remains Intact
Avenue Supermarts Ltd. missed Q2 profit estimates as margins came under pressure from a higher food mix, wage inflation and softer store productivity. While Jefferies and Morgan Stanley lowered target prices and earnings estimates, both remain positive on DMart's long-term prospects, citing strong competitive moats, store expansion and a large growth runway.
