D-Mart's shares have fallen 10.61% in the last 12 months and risen 24.05% year-to-date. (Photo: Avenue Supermarts website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

D-Mart parent Avenue Supermarts Ltd.'s standalone revenue from operations rose 15.4% for the second straight quarter to Rs 16,218.8 crore, according to an exchange filing on Friday.

The company's store count in the second quarter of this fiscal rose to 432, while at the end of first quarter it was at 424 stores.

Earlier this month, UBS Global Research hiked Avenue Supermarts' target price and maintained a Buy rating on the stock because of its strong growth outlook. The brokerage said that DMart is a compounding growth story while stock provides a favourable risk-reward ratio.

UBS Global Research raise

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