<ul data-eligibleForWebStory="false"><li>DMart shares fell by 3% after reporting a profit miss in Q1, leading to mixed reactions from brokerages.</li><li>Leading brokerages such as Axis Securities, Motilal Oswal, and HDFC Securities maintained their buy ratings with revised target prices while observing challenges in the competitive retail landscape.</li><li>Nuvama Institutional Equities estimated continued margin pressure due to competitive trends, lowering their PAT estimates and target price for DMart.</li><li>Macquarie set the lowest street target price at ₹3,100, while other brokerages like JPMorgan and Morgan Stanley expressed concerns about margin softness and weak Q1 performance.</li></ul>

DMart shares down 3% after Q1 profit miss, Macquarie sets lowest target price

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