Analysts are calling for earnings downgrades given moderate July-September quarter (Q2FY25) results and rising competition from quick commerce (qcom) and stiff competition from Amazon and Flipkart which are also now in qcom.
While the earlier qcom players offered a price advantage to DMart, Flipkart Minutes and Amazon Tez are slightly below DMart on price, while pushing qcom convenience. Zepto's discounts for orders above ₹900 also brings it below DMart in terms of pricing. DMart may see earnings estimates being reduced further as high-throughput metro stores are hit by qcom.
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