DMart Q1 sales disappoint brokerages. Here's what Goldman, Morgan Stanley and JP Morgan said

Avenue Supermarts' Q1 FY26 revenue growth of 16.2% YoY fell short of expectations, prompting cautious views from Goldman Sachs, JP Morgan, and Morgan Stanley. Brokerages flagged pressure on margins, weak same-store sales, and rising competition from quick commerce players, with Goldman reiterating a 'sell' call and a 22.6% downside target.