DMart Falls 4% After Q1 Results

shares fell 4% despite profit growing 11.3% and revenue up 14.9%. Four brokerages stayed bearish Goldman Sachs and Citi on Sell, JPMorgan Neutral and Jefferies Hold. The concern older metro stores showed flat growth while quick commerce keeps gaining share. Blinkit, Zepto and Swiggy Instamart are changing how metro consumers shop daily 10-minute delivery replacing weekly bulk DMart trips. This is a structural shift not a temporary one. DMart's bulk-buy model works brilliantly outside metros but is losing relevance in cities where quick commerce dominates. Same-store sales growth in existing metro stores is flat meaning DMart's city locations are not growing year on year. New store openings can only compensate for so long before flat SSSG becomes a valuation concern for a stock trading at premium multiples. DMart's fall despite decent profits taught me that quick commerce is creating a structural threat to physical retailers in metros, and that tracking same-store sales growth in existing city locations is the most critical metric for evaluating whether DMart can justify its premium valuation against and