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Business Standard
4 days ago
- Business
- Business Standard
Vishal Mega Mart rises 2%; Motilal Oswal sees further 20% upside potential
Vishal Mega Mart shares rose 2 per cent on Wednesday, registering an intraday high at ₹140 per share on BSE. However, in the afternoon deal, at 12:40 PM, Vishal Mega Mart share price was trading 0.04 per cent higher at ₹1,37.1 per share on the BSE. In comparison, the BSE Sensex was up 0.05 per cent at 82,614.39. The company's market capitalisation stood at ₹63,907.39 crore. The 52-week high of the stock was at ₹140.45 per share and the 52-week low of the stock was at ₹96.05 per share. Motilal Oswal initiates coverage on Vishal Mega Mart The domestic brokerage has initiated coverage on Vishal Mega Mart with a 'Buy' call and has set the target at ₹165 per share, translating to an upside of 20 per cent from the previous close at ₹137.05 per share on BSE. The brokearge is bullish on the company for the following reasons: Vishal Mega Mart's retail footprint spans 696 stores over 12m sq ft across 458 cities. It operates a big-box retail format, with an average store size of ~17.5k sqft. During FY22-24, the company added 55 net stores annually. However, the pace of store additions has accelerated, with 85 net stores added in FY25. Further, the company's efficient working capital management, superior cost controls, and disciplined asset-light approach, according to Motilal Oswal, have enabled strong store economics with 15 per cent pre-IND-AS Earnings before interest, tax, depreciation and amortisation (Ebitda) margin at the store level, over 50 per cent return on capital employed (RoCE), and a payback period of fewer than two years. Well-diversified portfolio The company boasts a well-diversified category mix with over 25 per cent revenue contribution from three major categories—Apparel, FMCG, and General Merchandise (GM). Its diversified category mix makes it a one-stop destination for the entire family, expanding its total addressable market (TAM) and driving higher wallet share among consumers. Caters to ₹70 trillion worth opportunity Vishal Mega Mart is one of India's largest offline-first value retailers, catering to a population of 1 billion across the middle- and low-income segments. It serves a substantial market valued at ₹70 trillion, which is likely to reach ₹100 trillion by CY28. Outlook Motilal Oswal expects the company to post a revenue/Ebitda compound annual growth rate (CAGR) of 19 percent/20 per cent, driven by 13 per cent CAGR in store additions, consistent double-digit SSSG, and modest operating leverage benefits. Given the company's debt-free balance sheet, robust cost controls, and tight working capital management, it expects 24 per cent profit after tax (PAT) CAGR. Over FY25-28, Vishal Mega Mart is forecasted to generate a cumulative OCF/FCF of ₹3,200 crore/ ₹2,300 crore, which should enable accelerated store expansions.
Time of India
6 days ago
- Business
- Time of India
DMart share price target goes up to Rs 5,466. Should you buy or sell after Q1 results?
CLSA: Most bullish with Rs 5,466 target Axis Securities: Recovery likely in H2, target at Rs 4,810 Motilal Oswal: Strong long-term story, but trims estimates Live Events JP Morgan: Margin weakness to persist Nuvama: Cautious on margin trend, trims PAT estimates HSBC: Value proposition under threat, target price hiked PL Capital: Hold on limited upside, target price slashed Kotak Institutional Equities: Most bearish with target of Rs 3,450 Buy for the long term or wait for better entry? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Brokerage views on Avenue Supermarts , the operator of DMart retail stores, are sharply divided following the company's Q1 FY26 results, with target prices ranging from Rs 3,450 to Rs 5,466, after the supermarkets operator reported a modest 2% year-on-year rise in net profit, while operating margins continued to shrink amid rising costs and intensifying brokerages remain optimistic, backing DMart's long-term growth potential, robust store economics, and the prospect of recovery in high-margin segments such as general merchandise and apparel. Others, however, remain cautious, flagging persistent margin pressures and mounting competitive intensity from both offline peers and quick commerce healthy revenue growth of 16% and a like-for-like (LFL) sales increase of 7.1%, analysts highlighted the continued erosion in gross margins—marking the fifth straight quarter of margin compression, as a key has the most optimistic outlook on DMart, assigning it a target price of Rs 5,466 and an 'accumulate' Securities maintained its 'buy' rating with a target price of Rs 4,810, the second highest among peers. While acknowledging margin contraction of 74 basis points to 7.9% in Q1, the brokerage expects a recovery in the second half of FY26, aided by festive demand, stabilising macro conditions, and efforts to revive the General Merchandise & Apparel (GM&A) Oswal reiterated its 'buy' call but lowered the target to Rs 4,500 from Rs 4,800, citing margin pressures and higher operating costs.'We cut our FY26-28E EBITDA by ~2-3% due to lingering pressure on GM and rising CoR,' the brokerage said, adding that competitive intensity in FMCG and quick commerce will weigh on near-term performance. However, the brokerage remains confident in DMart's superior store economics and long-term Morgan maintained its 'neutral' rating with a target price of Rs 4,150, flagging ongoing margin stress due to a 30 basis point decline in gross margin and sustained pricing pressure in the FMCG brokerage also cited rising entry-level wages and continued investments in capacity and service levels as additional drags. While the brokerage remains constructive on DMart's execution and store expansion, it expects the stock to trade sideways in the near term, absent a clear margin maintained a 'hold' rating and cut its target price to Rs 4,086, citing ongoing competitive pressures. 'We estimate margin pressure shall continue given the sustained competition within the FMCG space,' the brokerage said. While top-line growth was robust, EBITDA margin dropped 66 bps due to wage inflation and higher service Global Research kept its 'reduce' rating but marginally raised the target to Rs 3,600, stating, 'DMART's EBITDA margin showed yoy decline for the fifth consecutive quarter as competitive pressures continue.' The brokerage flagged a diminishing value proposition due to quick commerce, saying, 'intense competition has presented a challenge for DMART—it has become a trade-off between SSSG and margin stability.'PL Capital also maintained a 'hold' rating and revised its target down to Rs 3,923. The brokerage warned of continued margin headwinds due to e-commerce and quick commerce competition, combined with higher overheads and a soft demand environment. 'We cut our FY26/FY27 EPS estimates by 1.0%/1.9%... maintain Hold,' the brokerage retained its 'sell' rating with a target price of Rs 3,450, calling the 16.3% revenue growth 'tepid.' The brokerage flagged 'continued price competition in the FMCG category' and 'higher-than-expected costs,' resulting in a sharp EBITDA margin decline.'We retain a cautious stance on the stock in view of the expensive valuations and rising competitive intensity,' the brokerage brokerages like CLSA, Axis Securities and Motilal Oswal remain bullish, betting on DMart's scalability and long-term positioning, others such as Kotak, HSBC and PL Capital are wary of structural margin challenges and rich stock currently trades around Rs 4,040.60, down 0.6% on Monday. With Q1 showing stable revenue growth but further margin compression, investors face a choice: ride the long-term consumption story or wait for more clarity as competitive dynamics evolve.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
6 days ago
- Business
- Economic Times
DMart share price target goes up to Rs 5,466. Should you buy or sell after Q1 results?
CLSA: Most bullish with Rs 5,466 target Axis Securities: Recovery likely in H2, target at Rs 4,810 Motilal Oswal: Strong long-term story, but trims estimates Live Events JP Morgan: Margin weakness to persist Nuvama: Cautious on margin trend, trims PAT estimates HSBC: Value proposition under threat, target price hiked PL Capital: Hold on limited upside, target price slashed Kotak Institutional Equities: Most bearish with target of Rs 3,450 Buy for the long term or wait for better entry? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Brokerage views on Avenue Supermarts , the operator of DMart retail stores, are sharply divided following the company's Q1 FY26 results, with target prices ranging from Rs 3,450 to Rs 5,466, after the supermarkets operator reported a modest 2% year-on-year rise in net profit, while operating margins continued to shrink amid rising costs and intensifying brokerages remain optimistic, backing DMart's long-term growth potential, robust store economics, and the prospect of recovery in high-margin segments such as general merchandise and apparel. Others, however, remain cautious, flagging persistent margin pressures and mounting competitive intensity from both offline peers and quick commerce healthy revenue growth of 16% and a like-for-like (LFL) sales increase of 7.1%, analysts highlighted the continued erosion in gross margins—marking the fifth straight quarter of margin compression, as a key has the most optimistic outlook on DMart, assigning it a target price of Rs 5,466 and an 'accumulate' Securities maintained its 'buy' rating with a target price of Rs 4,810, the second highest among peers. While acknowledging margin contraction of 74 basis points to 7.9% in Q1, the brokerage expects a recovery in the second half of FY26, aided by festive demand, stabilising macro conditions, and efforts to revive the General Merchandise & Apparel (GM&A) Oswal reiterated its 'buy' call but lowered the target to Rs 4,500 from Rs 4,800, citing margin pressures and higher operating costs.'We cut our FY26-28E EBITDA by ~2-3% due to lingering pressure on GM and rising CoR,' the brokerage said, adding that competitive intensity in FMCG and quick commerce will weigh on near-term performance. However, the brokerage remains confident in DMart's superior store economics and long-term Morgan maintained its 'neutral' rating with a target price of Rs 4,150, flagging ongoing margin stress due to a 30 basis point decline in gross margin and sustained pricing pressure in the FMCG brokerage also cited rising entry-level wages and continued investments in capacity and service levels as additional drags. While the brokerage remains constructive on DMart's execution and store expansion, it expects the stock to trade sideways in the near term, absent a clear margin maintained a 'hold' rating and cut its target price to Rs 4,086, citing ongoing competitive pressures. 'We estimate margin pressure shall continue given the sustained competition within the FMCG space,' the brokerage said. While top-line growth was robust, EBITDA margin dropped 66 bps due to wage inflation and higher service Global Research kept its 'reduce' rating but marginally raised the target to Rs 3,600, stating, 'DMART's EBITDA margin showed yoy decline for the fifth consecutive quarter as competitive pressures continue.' The brokerage flagged a diminishing value proposition due to quick commerce, saying, 'intense competition has presented a challenge for DMART—it has become a trade-off between SSSG and margin stability.'PL Capital also maintained a 'hold' rating and revised its target down to Rs 3,923. The brokerage warned of continued margin headwinds due to e-commerce and quick commerce competition, combined with higher overheads and a soft demand environment. 'We cut our FY26/FY27 EPS estimates by 1.0%/1.9%... maintain Hold,' the brokerage retained its 'sell' rating with a target price of Rs 3,450, calling the 16.3% revenue growth 'tepid.' The brokerage flagged 'continued price competition in the FMCG category' and 'higher-than-expected costs,' resulting in a sharp EBITDA margin decline.'We retain a cautious stance on the stock in view of the expensive valuations and rising competitive intensity,' the brokerage brokerages like CLSA, Axis Securities and Motilal Oswal remain bullish, betting on DMart's scalability and long-term positioning, others such as Kotak, HSBC and PL Capital are wary of structural margin challenges and rich stock currently trades around Rs 4,040.60, down 0.6% on Monday. With Q1 showing stable revenue growth but further margin compression, investors face a choice: ride the long-term consumption story or wait for more clarity as competitive dynamics evolve.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Yahoo
20-06-2025
- Entertainment
- Yahoo
Rikishi delivers incredible rant after Jey Uso WWE Championship loss
The post Rikishi delivers incredible rant after Jey Uso WWE Championship loss appeared first on ClutchPoints. When Gunther successfully recaptured his World Heavyweight Championship in a RAW main event match against Jey Uso, WWE fans the world over knew one person would have something to say on the matter: Rikishi. Advertisement The patriarch of the Fatu wrestling family, with three sons in WWE and counting, the former Headshrinker took to his Off The Top podcast to deliver an absolute rant blasting the promotion's booking, noting that he believes the writers did his son dirty. 'Are we talking about a kid that 16 plus years, that put in work? We talk about a kid that, combined with him and his brother, merchandise sales to the roof as a tag team now breaks off as single competitor. If you can tell me that anybody else is selling any merchandise higher than 'YEET,' I want you to tell me, by all means, generating revenue for the company. What was that saying? 'What's good for business?' Then you have a kid that put his heart and soul, just like everybody else that's out there on the roster, put their heart and soul to get to that main event spot. Finally, when he gets there, you know what I feel? Here's what I feel. I feel that those are writing for this kid his storyline, you didn't do him justice. You didn't feed this champion the right talent to be able to continue to make this champion. Not a fair shot in my eyes,' Rikishi said via Fightful. 'So you go 51 days. I say fire those that are writing for this kid here, if you can't come up with something simple to promote and push your champion, that you, not me, you decide to put this kid in that position, and then that's it. All of a sudden, the brains went cloudy. You can't write, you can't think of an angle for Jey? Well, if you can't do your job, I say [best of luck in your future endeavors]. Get the h*ll out of the way. Put somebody in that position, because the longer you keep the belt on this kid, the longer merchandise sales go through the roof.' Now, as Dave Metlzer pointed out on social media, this decision wasn't any writer's fault, as WWE creative calls come right from the top, but that didn't stop Rikishi from doubling down on his take, noting that his son deserved better for his years of hard work and merch sales. Advertisement 'So now they passed the belt on to Gunther for whatever reason. Hey, I ain't got no beef with Gunther. I ain't got no beef with any of those that are on the roster. I ain't got no beef with that. If I do, I'm going to say it to your face, because that's just the type of man I am,' Rikishi noted. 'But let me back up. Good luck if that's what your choice is to go that way. But let me back up and continue my thoughts on my son as far as his run as the World Champion. I didn't think it was just his. I didn't think it was fair. 51 days, that was it. I mean, Intercontinental belt? A short run, that was it. What is it against my boy? Would you have done that to Randy Orton? Would you have done that to John Cena?' Why did WWE take the belt off of Uso? Well, that might be because they want to run Gunther versus Bill Goldberg on Saturday Night's Main Event as counterprogramming for AEW All In. But that bit of booking info likely won't quell the fire inside of Rikishi, as he feels WWE did his son dirty and might have a point. Related: WWE star Ron Killings goes off on NSFW rant over harsh transformation criticism Related: Tiffany Stratton's first pitch at Mets game is a doozy
Yahoo
01-06-2025
- Business
- Yahoo
Miniso launches 'Lilo & Stitch' pop-up event at Mall of America
Miniso launches 'Lilo & Stitch' pop-up event at Mall of America originally appeared on Bring Me The News. Even Lilo & Stitch aren't immune to the trendy allure of Miniso. The China-based lifestyle company, known for its exclusive partnerships with brands like Pokémon and Care Bears, announced last week that it would add another Minnesota storefront at the Mall of America. While the store isn't yet open, Miniso has set up a pop-up experience at the Bloomington shopping center, celebrating a new collection based around the newly relaunched Disney film. The company has released nearly 200 products around the cuddly blue alien with an enormous appetite. The immersive pop-up, which sits in the mall's North Atrium, includes a preview of the new products as well as heaps of Stitched-themed photo opportunities. Miniso members will get a free gift with any purchase and a 10% off voucher for future visits. The Lilo & Stitch pop-up will be hanging around the Mall of America through June 8, open daily Monday through Saturday from 10 a.m. to 9 p.m. and 11 a.m. to 7 p.m. on story was originally reported by Bring Me The News on May 31, 2025, where it first appeared.
