Anil Singhvi suggests buying DMart despite weak Q3 operational performance: Check buying levels, support and target
Zee Business Managing Editor recommends buying DMart futures for a target of Rs 3,775 after the company's Q3 show.
DMart shares have taken a sharp hit after the company's December quarter results. At around the time of writing this copy at 11:37 am, shares of the retail major were down just over 2 per cent or Rs 85.7 at Rs 3,600 per share on the BSE.
DMart plunged nearly 6 per cent after Q3 show
At the day's low, the stock hit levels of Rs 3,474 apiece on the BSE.
DMart Q3FY25 profit
The company's Q3 net profit was short of analysts' estimates at Rs 724 crore for the October-December period, marking an increase of 4.8 per cent over the corresponding period a year ago
Revenue in-line
Revenue, though, for the October-December was in-line with the estimates at Rs 15,973 crore, a 17.7 per cent growth on-year.
Operational performance lower than estimates
For the reporting quarter, the company reported Rs 1,218 crore in quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA), up 8.8 per cent on a year-on-year basis. Nonethless, it lagged estimates of Rs 1,290 crore
Weak Q3 due to investment in DMart Ready
The company's operational performance is weak due to its investments in D-Mart Ready, said Anil Singhvi- Zee Business Managing Editor.
Decline in DMart price anticipated post weak Q3
Singhvi on weak Q3 show expected the stock to trade with a cut of 4-6 per cent. This was largely in-lin, with the stock having recouped some of its intraday losses.
Change in CEO and MD deemed positive
The change in MD and CEO's position from February 2026 is not negative as it is along expected lines, notes Singhvi.
Buy DMart futures
Singhvi recommends buying DMart at lower levels.
DMart support levels
D-Mart futures have support at Rs 3,500, Rs 3,430 and Rs 3,410 as per Singhvi.
DMart Futures target price
The target for DMart Futures is pegged at Rs 3,775 per share.