Fri Jan 03 10:52:53 UTC 2025: ## DMart Shares Surge 15% on Strong Q3 Earnings
**Mumbai, January 3, 2025** – Avenue Supermarts (DMart), the retail giant, saw its share price skyrocket by 15% today, hitting ₹4,160.40 on the BSE, following a robust business update for the third quarter of fiscal year 2024-2025 (Q3FY25). The surge followed an initial 10% jump at the market open.
The company reported a 17.49% year-on-year increase in standalone revenue, reaching ₹15,565.23 crore. This surpasses revenue figures from the previous three December quarters. DMart also added 10 new stores during the quarter, bringing its total to 387.
This strong performance is attributed to a combination of new store openings and robust same-store sales growth. Brokerage firm Motilal Oswal Financial Services (MOSL) noted the revenue growth exceeded their expectations, citing a likely high single-digit increase in same-store sales. MOSL forecasts further expansion, predicting approximately 18 new store additions in the March quarter, totaling 40 for the fiscal year. They maintain a “BUY” rating on DMart with a target price of ₹5,300.
Radhakishan Damani, ace investor and promoter of Avenue Supermarts, holds a significant 37.22% stake in the company. While today’s surge is substantial, DMart’s share price remains 32% below its 52-week high of ₹5,484 (September 2024), but over 22% above its 52-week low of ₹3,400 (December 2024).
*Disclaimer: This news article reports on market activity and analyst opinions. Investors should conduct their own research and consult with financial advisors before making investment decisions.*
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