I-Sec maintains Reduce on Avenue Supermarts, revises target price to Rs 3,500

ICICI Securities has a 'Reduce' call for Avenue Supermarts. The target price is revised to Rs 3,500. Avenue Supermarts' revenue, EBITDA and PAT are expected to grow. The company reported a consolidated total income of Rs 14896.91 crore for the quarter ended March 31, 2025. Upside risks include better general merchandise recovery. Downside risk is lower retail expansion.