In an exchange filing, DMart said it opened new stores at three locations in Maharashtra (two in Pune and one in Nagpur), two in Tamil Nadu (both in Chennai), two in Uttar Pradesh (one in Lucknow and one in Greater Noida), one in Haryana’s Faridabad, two in Gujarat (one in Gandhinagar and one in Ahmedabad), and one each in Odisha and Chhattisgarh on Tuesday. This took its total store count to 500.
The 12 new store additions on Tuesday came a day after the company opened as many as seven stores across several locations in Gujarat, Karnataka, Tamil Nadu, Delhi and Chhattisgarh. CLSA maintained its ‘high conviction outperform’ rating on DMart, with a target price of Rs 6,185 apiece, according to CNBC-TV18. The latest target price implies an upside potential of more than 56% from the stock’s previous closing price.
DMart share price
The shares of the company rallied 8.5% to Rs 4,294.80 apiece on Wednesday morning, gaining around 11% in the past one month, and 15% in 2026 so far. In the longer term, the stock has gained over 25% in three years, and more than 46% in five years.
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Earlier in January, the company reported an 18% year-on-year (YoY) rise in consolidated profit after tax (PAT) to Rs 856 crore for the third quarter of FY26, from Rs 724 crore in the same period of the previous financial year. Revenue from operations grew 13% YoY to Rs 18,101 crore during the quarter, up from Rs 15,972 crore in Q3 FY25.
EBITDA stood at Rs 1,463 crore, up from Rs 1,217 crore in Q3 FY25, and the EBITDA margin improved to 8.1%, compared to 7.6% in the same period last year.
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