DMart shares slip 4% despite profit surge as analysts debate store growth and outlook

Profit and revenue rose, but Street reaction turned cautious

Avenue Supermarts (DMart) shares fell about 4% after reporting a strong March quarter for FY26, with net profit and revenue up 19% and store count jumping by 58 to cross 500. Still, investor sentiment stayed mixed as analysts weighed the sustainability of store expansion and improving trends, with some keeping positive stances while others flagged remaining concerns.