12-Oct-2026 10:49:14
DMart Falls 3% as Margin Pressure Overshadows Demand Recovery; Brokerages Divided
Shares of DMart fell around 3% after its Q2 FY27 results, as margin pressure overshadowed signs of demand recovery. The company reported Q2 FY27 revenue growth of 17.8% YoY to ₹19,644 crore, while consolidated net profit rose 8.5% YoY to ₹743 crore. EBITDA increased 14.7% YoY to ₹1,393 crore, but EBITDA margin contracted to 7% from 7.3% a year ago. Brokerages remain sharply divided: CLSA maintained Outperform with a ₹5,723 target, while Bernstein retained Outperform at ₹5,000. Jefferies maintained Hold but cut its target to ₹4,000, while Motilal Oswal retained Neutral at ₹3,925. Citi maintained Sell and cut its target to ₹3,250, citing quick-commerce competition and margin pressure.