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Avenue Supermarts Shares Plunge 6% Despite Strong Revenue Recovery; Analysts Weigh In
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CNBC TV18•05-10-2026, 12:49
Avenue Supermarts Shares Plunge 6% Despite Strong Revenue Recovery; Analysts Weigh In
- •Avenue Supermarts shares fell 6% on Monday, October 5, despite reporting a strong sequential recovery in standalone revenue for Q2FY27.
- •The company's standalone revenue reached –19,206 crore in Q2FY27, an 18.4% year-on-year increase, surpassing analyst estimates.
- •Avenue Supermarts added 15 new stores in Q2FY27, bringing its total store count to 518, a 20% year-on-year network expansion.
- •CLSA maintains a 'High Conviction Outperform' rating with a –5,723 price target, noting consumer price index inflation at 4.9% in Q2.
- •Bernstein has an 'Outperform' rating with a –5,000 price target, expecting sustained store additions and better-than-anticipated Q2 margins.
Key Questions Answered
Avenue Supermarts reported standalone revenue of ₹19,206 crore for the second quarter of fiscal 2027, marking an 18.4% increase year-on-year.
The company added 15 new stores during Q2FY27, bringing its total store count to 518 by the end of the quarter.
CLSA maintains a 'High Conviction Outperform' rating on Avenue Supermarts with a price target of ₹5,723, while Bernstein holds an 'Outperform' rating with a price target of ₹5,000.
