Jefferies, Morgan Stanley Trim DMart Price Target Following Q2 Margin Miss
12 Oct 2026Updated 1 hr ago1 source
Brokerage firms Jefferies and Morgan Stanley have lowered their price targets for retail chain DMart after its second-quarter earnings missed profit expectations. Jefferies characterized the margin decline as unexpected, subsequently reducing its target price to Rs 4,000 from Rs 4,500. However, analysts indicated that the long-term investment thesis for the company remains positive despite the short-term earnings miss.
NIKAN Intelligence
What happened
Jefferies and Morgan Stanley reduced their target prices for DMart following a Q2 profit miss. Jefferies lowered its target price to Rs 4,000 from Rs 4,500, citing an unexpected decline in margins.
Why it matters
DMart is a leading retail giant in India, and its financial performance is closely watched as a measure of middle-class consumer demand and retail sector health.
What we know
- DMart missed its Q2 profit expectations.
- Jefferies lowered its target price from Rs 4,500 to Rs 4,000.
- Jefferies described the margin miss as unexpected.
- Both brokerages still maintain a positive long-term view of the stock.
What we don't know
- The exact new target price set by Morgan Stanley.
- The exact net profit and margin figures achieved by DMart in Q2.
What's next
The market's reaction to the brokerage downgrades in the upcoming trading sessions.
Generated by NIKAN's analysis engine from the cited reports only. Nothing here is invented; gaps are shown as unknowns. Always read the original coverage linked below.
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