# Morgan Stanley said that DMart's operations remained largely unaffected by supply chain disruptions.

*business · news · 2026-05-04 · CNBC TV18*

## Key points

- DMart achieved its strongest like-for-like growth in over two years at 10.8%.
- The company added 58 stores in the quarter, bringing its total to 500 outlets.
- A temporary spike in March sales due to geopolitical tensions normalised by month-end.
- Profit growth lagged EBITDA due to higher finance costs and lower other income.
- DMart stock is trading at around 85x estimated FY27 earnings.

**Companies:** Avenue Supermarts
**Countries:** India

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/dmart-share-price-avenue-supermarts-stock-could-rise-as-much-as-44-percent-q4-results-analysts-project-ws-el-19897774.htm)

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