Fri Jan 03 07:32:49 UTC 2025: ## DMart Shares Surge 15% on Strong Q3 Earnings

**Mumbai, January 3, 2025** – Avenue Supermarts (DMart), the popular Indian retail chain, saw its share price skyrocket by 15 percent today, hitting ₹4,160.40 on the BSE, following a robust business update for the third quarter of fiscal year 2024-2025 (Q3FY25).

The company reported a 17.49 percent year-on-year increase in standalone revenue, reaching ₹15,565.23 crore. This surpasses revenue figures from the previous three December quarters. The growth was fueled by a 13% increase in store count, adding 10 new stores to bring the total to 387.

Motilal Oswal Financial Services (MOSL) attributed the strong performance to a combination of store expansion and healthy same-store sales growth. MOSL noted that the revenue growth rebounded to the 17-20% YoY range after a comparatively weaker second quarter. They further highlighted the importance of continued store expansion, projecting an additional 18 store openings in the March quarter, bringing the total for FY25 to 40. MOSL maintains 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 percent stake in the company. While today’s surge is substantial, DMart shares remain 32 percent below their 52-week high of ₹5,484 reached in September 2024. However, they are trading over 22 percent higher than their 52-week low of ₹3,400 seen in December 2024.

**Disclaimer:** This news article presents information based on publicly available data and analyst reports. Investors are advised to conduct their own research and seek professional financial advice before making any investment decisions.

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