<ul data-eligibleForWebStory="false"><li>Dolat Capital upholds 'Reduce' rating on DMart shares post Q1 results citing weak performance, competition from Qcom, and rich valuations.</li><li>DMart's revenue growth was soft at 16.2% YoY impacted by deflation in staples and non-food products, with same-store sales growth at 7.1% YoY for older stores.</li><li>Potential triggers for DMart include accelerated store expansion, category-mix improvement, and new launches.</li><li>Dolat Capital mentions that despite softer revenue contribution from newer stores, bias remains positive for DMart.</li></ul>

'Reduce' DMart Shares Maintains Dolat Capital Post Q1 Results — Check Revised Target Price

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