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Mixed Ratings on Avenue Supermart: Macquarie Recommends Buy, Morgan Stanley Bullish, Goldman Sachs Advises Sell

Mixed Ratings on Avenue Supermart: Macquarie Recommends Buy, Morgan Stanley Bullish, Goldman Sachs Advises Sell
Abhishek Sharma
Abhishek Sharma
Founder & Editor-in-Chief
Published: 1 min read

Macquarie on Avenue Supermart:

Maintains an “Outperform” rating with a target price of ₹5,600.

Sales growth has slowed compared to Q1.

Store additions have been slightly below expectations.

Gross margins are expected to decline due to a shift in product mix.

Morgan Stanley on Avenue Supermart:

Maintains an “Overweight” rating with a target price of ₹5,769.

Growth has been slower than expected.

Awaiting management’s explanation on the slower growth.

Standalone revenue is 5% below estimates.

Operational improvements are happening but at a slower pace.

Goldman Sachs on Avenue Supermart:

Maintains a “Sell” rating with a target price of ₹4,050.

A sharp growth slowdown is likely, impacted by quick-commerce trends.

The slowdown is due to weaker same-store sales growth (SSSG).

EPS estimates for FY26/27 are reduced by 2%.

The pace of new store openings is at risk.

By

Founder & Editor-in-Chief

Covers: Stock Markets, Financial Markets, SEBI, Business, IPOs, FII/DII, Mutual Funds, Corporate News, Investments, Banking

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Abhishek Sharma
Founder & Editor-in-Chief

Abhishek Sharma

I’m Abhishek Sharma, an Advocate based in Delhi, entrepreneur, investor, and founder of BigBreakingWire.I am an enrolled Advocate with a strong interest in entrepreneurship, media, and technology. I founded BigBreakingWire, a digital news platform covering breaking news, business, financial markets, companies, and important developments in India and around the world.I also have a software company and take an active interest in technology, software, AI, digital products, and new business ideas.As an investor, I’m interested in discovering and investing in promising businesses and startups. I look for good ideas, strong founders, practical business models, and opportunities with long-term potential.I enjoy building businesses, learning about new industries, and connecting with people who are working on interesting ideas and opportunities.Advocate | Entrepreneur | Investor | Founder & Editor-in-Chief, BigBreakingWire

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Last reviewed by Abhishek Sharma on October 4, 2024

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