DMart Receives 'Hold' Rating From Systematix Following Strong Q3 Margin Performance
Published on: Jan. 12, 2026, 9:35 a.m. | Source: scanx.trade
Systematix has assigned a 'Hold' rating to DMart following Q3 FY26 results that showed better-than-expected margins. While revenue growth faced headwinds from staples deflation, the company reported 12% YoY growth in foods, 15.6% in non-foods, and 13.9% in general merchandise and apparel. Margin expansion was driven by improved product mix, demonstrating effective operational management despite market challenges.
