DMart Shares Fall 3% After ₹2,700 Crore Block Deal
DMart shares came under pressure after 69.1 lakh shares changed hands in a block deal, while investors tracked slowing same-store growth and rising quick-commerce competition.
Shares of Avenue Supermarts, which operates the DMart retail chain, fell more than 3% on Wednesday after around 69.1 lakh shares, equivalent to 1.06% of the company's equity, changed hands in a block deal. The transaction was estimated to be worth around ₹2,600-2,700 crore.
Shares of Avenue Supermarts came under pressure on August 26 after a little over 1% of the company's equity changed hands through a block deal. Around 69.1 lakh shares were traded in the transaction, while the identities of the buyers and sellers were not immediately known.
Avenue Supermarts shares were trading around ₹3,781 in afternoon trade, down 3.3% from the previous close.
Details of DMart block deal
The block transaction involved around 69.1 lakh Avenue Supermarts shares, representing 1.06% of the company's equity.
At the prevailing market price, the stake was estimated to be worth around ₹2,600-2,700 crore. However, the identities of the buyers and sellers were not immediately available.
At the end of the April-June quarter, promoter entities held a 74% stake in Avenue Supermarts, while public shareholders held the remaining 26%, according to shareholding information available on the stock exchanges.
How have Avenue Supermarts shares performed?
Avenue Supermarts shares were trading around ₹3,781 in afternoon trade, representing a 3.3% decline from the previous close.
The stock has gained about 1.8% so far in 2026, compared with a 6.9% decline in the Nifty 50 over the same period.
At the current market price, Avenue Supermarts has a market capitalisation of around ₹2.47 lakh crore.
What did DMart report in Q1 FY27?
The block deal comes a little over a month after Avenue Supermarts reported its June-quarter earnings.
The company posted a 12.8% year-on-year increase in standalone net profit to ₹935.8 crore in the first quarter of FY27. Revenue from operations increased 15.1% to ₹18,343.5 crore.
However, like-for-like growth slowed to 5.5% during the quarter from 10.8% in Q4 FY26 and 7.1% in the year-ago period, indicating slower growth at mature stores.
What are the concerns around DMart?
Following the June-quarter results, brokerages remained cautious on Avenue Supermarts, citing slowing same-store sales growth and intensifying competition from quick-commerce platforms in key metro markets.
At the same time, operating profitability remained resilient, according to the supplied source.
The combination of slower like-for-like growth and increasing competition in key markets remains an important factor for investors tracking the stock following the block deal.
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Conclusion: What does this mean for investors?
The block deal involving 1.06% of Avenue Supermarts' equity was accompanied by a more than 3% decline in DMart shares on August 26. With the identities of the buyers and sellers not immediately known, the transaction itself does not establish the reason for the selling pressure. Investors will continue to track the company's same-store growth, competitive environment and operating performance alongside changes in shareholding.
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