Its revenue from operations grew 17.31 per cent to ₹13,572.47 crore during the quarter under review against ₹11,569.05 crore in the corresponding quarter of the last fiscal. Its EBITDA for Q3FY24 stood at ₹1,120 crore, as compared to ₹965 crore in the corresponding quarter of last year. DMart stock rose 2.27 per cent on the NSE, trading at ₹3,928.30 as of 9:15 am. D’Mart has a huge runway to grow with 1500+ store potential in duopoly market and scale up in D’Mart Ready. We assign a DCF-based target price of ₹4,484 (had cut EPS by 3.6-5 per cent and target from ₹4724 in preview).

Source: The Hindu January 15, 2024 16:21 UTC