Goldman Sachs upgrades DMart to overweight, says juggernaut is rolling! Here’s why

Goldman Sachs has upgraded Avenue Supermarts (DMart) to overweight following a strong Q4, signalling momentum in the retailers growth. The brokerage expects accelerated topline growth from 85 new store additions in FY26, supported by inflation-driven same-store sales growth. DMarts expansion into new markets and strengthened management team reinforces confidence in an 18–25% medium-term revenue CAGR. Shares trade up 3%.