Avenue Supermarts, the operator of the DMart retail chain, reported a 17% year-on-year increase in standalone revenue for the third quarter ending December 31, 2024. The revenue reached ₹15,565.23 crore, up from ₹13,247.33 crore in the same period last year. The company also noted that the total number of stores as of December 31, 2024, stood at 387. Despite facing competition from quick commerce, DMart's robust performance has led to a surge in its stock price, with shares hitting an upper circuit limit of 10% following the announcement. Analysts have issued mixed reviews on the stock, with Morgan Stanley maintaining an underweight rating and setting a target price of ₹3,702, while other brokerages have varied perspectives on the company's future performance.