Dmart Promoter Radhakishan Damani, Others Take Rs 8,100 Cr Hit As Q1 Updates Hurt Stock

Shares of Avenue Supermarts Ltd (DMart) fell 4 per cent successful Thursday’s waste and acquisition aft nan retailer released its June 4th updates, eroding nan notional worth of promoter holdings—led by Radhakishan Damani—by Rs 8,100 crore. Pressure connected gross maturation persists, said banal analysts search nan firm. 

Promoters held a 74.65 per cent liking successful DMart arsenic of nan March quarter. This liking was weighted astatine Rs 2,13,363 crore connected Wednesday but dropped to Rs 2,05,239 crore connected Thursday, mirroring nan stock’s decline.

The DMart banal fell 3.81 per cent to deed a debased of Rs 4,225 connected BSE, trimming its 2025 gains to 18.73 per cent. According to nan Bloomberg Billionaires Index, Damani’s nett worthy stood astatine $20.1 billion, placing him 112th among nan world’s richest individuals.

DMart said its gross grew 16 per cent YoY to Rs 15900 crore for nan June quarter. This was against 17 per cent YoY maturation successful Q4FY25 and 18 per cent YoY maturation successful Q3FY25. 

The gross maturation came successful 1 per cent  below JM Financial's estimate and 2 per cent beneath nan statement estimates.

DMart added 9 stores connected a sequential ground successful statement pinch JM's estimate of 10 stores successful Q1, taking nan shop count to 424 successful Q1FY26. Assuming a caller shop area of 41,000 quadrate feet, it added 0.4 cardinal quadrate feet QoQ successful Q1, taking nan EOP full trading abstraction to 17.6 cardinal quadrate feet.

"We estimate a 40 bps YoY dip successful Ebitda separator to 8.5 per cent successful Q1FY26, contempt expectations of level gross margin, mostly connected relationship of higher operating cost. Overall, we expect 10% YoY maturation successful Ebitda to Rs 1,350 crore," JM Financial said. 

Acceleration successful shop additions remains nan cardinal monitorable for DMart, said MOFSL arsenic it retained its 'Buy' connected nan stock. The brokerage said it is building successful 60 nett shop additions successful FY26 against 50 successful FY25.

"Based connected our trading area estimates, we expect Ebitda per quadrate feet of Rs 776, down 3 per cent YoY contempt 2 per cent summation successful sales/ sq ft owed to 8-10 per cent summation successful unit and
other expenses per sq ft. We expect PAT to turn 7 per cent YoY to Rs 870 crore mostly on
account of summation successful depreciation expenses and little different income," JM said.
 

Published on: Jul 3, 2025 9:54 AM IST