20-quarter listed-company comparison

Retail - Departmental Stores Stocks in India

Retail - Departmental Stores: Avenue Supermarts Ltd owns the largest revenue base AND the fastest current growth.

01 · the index people search for

Nifty Retail - Departmental Stores Index — Constituents & Performance

The Retail - Departmental Stores companies below are the listed Indian Retail - Departmental Stores universe this page tracks — the same constituent set people search for as the Nifty Retail - Departmental Stores index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Retail - Departmental Stores moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 42% behind NIFTY 500. Earnings across its companies fell 25% on average over the last four reported quarters.

ASLEEP · 1y −23.3%⚠Price down, no fundamental support1 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS — · 1/3 >200d (+1) · 1/3 lead (+0) · EPS 1/3↑

Retail - Departmental Stores, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Retail - Departmental Stores outperforming NIFTY 500?

Retail - Departmental Stores has underperformed NIFTY 500 by 19.1% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 1.6%. 0 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Avenue Supermarts Ltd is the strongest against the sector itself at -2%.

-1.6%Sector vs NIFTY 500 · 13 weeks

-19.1%Sector vs NIFTY 500 · 52 weeks

0/3Stocks leading NIFTY 500

0/3Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Retail - Departmental Stores has underperformed NIFTY 500 by 19.1% over 52 weeks and 1.6% over 13 weeks. 0 of 3 covered companies beat NIFTY on Mansfield relative strength, while 0 of 3 beat the sector itself. Avenue Supermarts Ltd leads with revenue of ₹71,256 crore, based on 3 of 3 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

₹2.6 L Cr

Avenue Supermarts Ltd

Revenue growing

3/3

positive TTM year-on-year growth

Beating NIFTY 500

0/3

positive Mansfield relative strength

Comparing 3 of 3

04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Avenue Supermarts Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 90% evidence confidence.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Avenue Supermarts LtdDMART	40.5/100Mixed-negative evidence90% evidence	ASLEEP	19.1/35 Revenue 15.6% · PAT 12.9% · OPM change 0 pp 100% evidence	13.7/25 ROCE 17.2% · OPM 8% 100% evidence	5.0/20 P/E 83.6× · PEG 9.74 50% evidence	2.7/20 RS sector -2% · RS bench -6.8% · 1Y -1.9%3 of 12 weeks ahead 100% evidence
Exact sum: 19.1 + 13.7 + 5 + 2.7 = 40.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Shoppers Stop LtdSHOPERSTOP	31.2/100Adverse evidence65% evidence	TURNING	14.7/35 Revenue 9.6% · PAT -80% · OPM change 0 pp 74% evidence	3.5/25 ROCE 7% · OPM 15% 100% evidence	10.0/20 P/E — · PEG — 0% evidence	3.0/20 RS sector -20.7% · RS bench -5.1% · 1Y -26.7%8 of 10 weeks ahead 70% evidence
Exact sum: 14.7 + 3.5 + 10 + 3 = 31.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Yamuna Syndicate Ltd540980	26.1/100Adverse evidence75% evidence	ASLEEP	11.3/35 Revenue 7.8% · PAT -4.3% · OPM change 1.1 pp 83% evidence	6.8/25 ROCE 4.1% · OPM 2.9% 76% evidence	8.0/20 P/E 15.3× · PEG — 35% evidence	0.0/20 RS sector -12.6% · RS bench -17.4% · 1Y -34.9%0 of 12 weeks ahead 100% evidence
Exact sum: 11.3 + 6.8 + 8 + 0 = 26.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

05 · what price has already done

Market action

Avenue Supermarts Ltd has the strongest one-year price move in Retail - Departmental Stores at -1.9%. Shoppers Stop Ltd leads on Mansfield relative strength against NIFTY at -5.1%. 0 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Avenue Supermarts Ltd has the highest Revenue among the 3 Retail - Departmental Stores companies compared here, at ₹71,256 crore. Shoppers Stop Ltd is next at ₹5,174 crore. The same company also holds the highest Revenue growth, at 15.6%. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Avenue Supermarts Ltd is the scale leader at ₹71,256 crore, 13.8× the revenue of Shoppers Stop Ltd. Avenue Supermarts Ltd's growth is 15.6% from a ₹71,256 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAvenue Supermarts Ltd · ₹71,256 crore

Gap13.8× versus #2 · Shoppers Stop Ltd

Persistence8/8 recent comparable periods

Coverage3/3 companies · 54 observations

Investor read: Avenue Supermarts Ltd is the scale benchmark; Avenue Supermarts Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Avenue Supermarts Ltd's growth falls below Avenue Supermarts Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Avenue Supermarts Ltd DMART₹71.3K Cr

2Shoppers Stop Ltd SHOPERSTOP₹5.2K Cr

3Yamuna Syndicate Ltd 540980₹69 Cr

Revenue growthfastest growers

1Avenue Supermarts Ltd DMART16%

2Shoppers Stop Ltd SHOPERSTOP9.6%

3Yamuna Syndicate Ltd 5409807.8%

Revenue · company comparison

3/3 level · 3/3 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Avenue Supermarts Ltd DMART	₹18.8K Cr	15%	Jun 2026
Shoppers Stop Ltd SHOPERSTOP	₹1.3K Cr	11%	Jun 2026
Yamuna Syndicate Ltd 540980	₹18 Cr	20%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Avenue Supermarts Ltd · DMART

Sep 2021₹7.8K Cr

Dec 2021₹9.2K Cr

Mar 2022₹8.8K Cr

Jun 2022₹10.0K Cr

Sep 2022₹10.6K Cr

Dec 2022₹11.6K Cr

Mar 2023₹10.6K Cr

Jun 2023₹11.9K Cr

Sep 2023₹12.6K Cr

Dec 2023₹13.6K Cr

Mar 2024₹12.7K Cr

Jun 2024₹14.1K Cr

Sep 2024₹14.4K Cr

Dec 2024₹16.0K Cr

Mar 2025₹14.9K Cr

Jun 2025₹16.4K Cr

Sep 2025₹16.7K Cr

Dec 2025₹18.1K Cr

Mar 2026₹17.7K Cr

Jun 2026₹18.8K Cr

Shoppers Stop Ltd · SHOPERSTOP

Sep 2021₹642 Cr

Dec 2021₹958 Cr

Mar 2022₹713 Cr

Jun 2022₹948 Cr

Sep 2022₹1.0K Cr

Dec 2022₹1.1K Cr

Mar 2023₹924 Cr

Jun 2023₹994 Cr

Sep 2023₹1.0K Cr

Dec 2023₹1.2K Cr

Mar 2024₹1.0K Cr

Jun 2024₹1.1K Cr

Sep 2024₹1.1K Cr

Dec 2024₹1.4K Cr

Mar 2025₹1.1K Cr

Jun 2025₹1.2K Cr

Sep 2025₹1.3K Cr

Dec 2025₹1.4K Cr

Mar 2026₹1.2K Cr

Jun 2026₹1.3K Cr

Yamuna Syndicate Ltd · 540980

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹14 Cr

Mar 2023₹15 Cr

Jun 2023₹21 Cr

Sep 2023₹14 Cr

Dec 2023₹15 Cr

Mar 2024₹14 Cr

Jun 2024₹19 Cr

Sep 2024₹15 Cr

Dec 2024₹15 Cr

Mar 2025₹15 Cr

Jun 2025₹19 Cr

Sep 2025₹15 Cr

Dec 2025₹17 Cr

Mar 2026₹18 Cr

Jun 2026—

Revenue growth · reported quarter history

Avenue Supermarts Ltd · DMART

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202237%

Dec 202226%

Mar 202321%

Jun 202318%

Sep 202319%

Dec 202317%

Mar 202420%

Jun 202419%

Sep 202414%

Dec 202418%

Mar 202517%

Jun 202516%

Sep 202515%

Dec 202513%

Mar 202619%

Jun 202615%

Shoppers Stop Ltd · SHOPERSTOP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022362%

Sep 202258%

Dec 202219%

Mar 202330%

Jun 20234.9%

Sep 20232.6%

Dec 20238.9%

Mar 202413%

Jun 20247.6%

Sep 20247.3%

Dec 202411%

Mar 20251.7%

Jun 20258.6%

Sep 202513%

Dec 20252.7%

Mar 202614%

Jun 202611%

Yamuna Syndicate Ltd · 540980

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20237.1%

Mar 2024-6.7%

Jun 2024-9.5%

Sep 20247.1%

Dec 20240.0%

Mar 20257.1%

Jun 20250.0%

Sep 20250.0%

Dec 202513%

Mar 202620%

Jun 2026—

07 · compare level, then change

Operating Economics & Margin Trend

Shoppers Stop Ltd has the highest OPM among the 3 Retail - Departmental Stores companies compared here, at 15%. Avenue Supermarts Ltd is next at 8%. Yamuna Syndicate Ltd has the highest Margin change at +1.1 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Shoppers Stop Ltd leads opm at 15%; Yamuna Syndicate Ltd leads margin change at +1.1 percentage points.

LeaderShoppers Stop Ltd · 15%

Gap87.5% versus #2 · Avenue Supermarts Ltd

Persistence2/8 recent comparable periods

Coverage3/3 companies · 59 observations

Investor read: Shoppers Stop Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1Shoppers Stop Ltd SHOPERSTOP15%

2Avenue Supermarts Ltd DMART8.0%

3Yamuna Syndicate Ltd 5409802.9%

Margin changefastest expanders

1Yamuna Syndicate Ltd 540980+1.1 pp

2Avenue Supermarts Ltd DMART0.0 pp

3Shoppers Stop Ltd SHOPERSTOP0.0 pp

Operating margin · company comparison

3/3 level · 3/3 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Shoppers Stop Ltd SHOPERSTOP	15%	0.0 pp	Jun 2026
Avenue Supermarts Ltd DMART	8.0%	0.0 pp	Jun 2026
Yamuna Syndicate Ltd 540980	2.9%	+1.1 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Avenue Supermarts Ltd · DMART

Sep 20218.6%

Dec 20219.4%

Mar 20228.4%

Jun 202210%

Sep 20228.4%

Dec 20228.0%

Mar 20237.0%

Jun 20239.0%

Sep 20238.0%

Dec 20238.0%

Mar 20247.0%

Jun 20249.0%

Sep 20248.0%

Dec 20248.0%

Mar 20256.0%

Jun 20258.0%

Sep 20257.0%

Dec 20258.0%

Mar 20267.0%

Jun 20268.0%

Shoppers Stop Ltd · SHOPERSTOP

Sep 202111%

Dec 202119%

Mar 202211%

Jun 202217%

Sep 202216%

Dec 202219%

Mar 202317%

Jun 202317%

Sep 202315%

Dec 202318%

Mar 202416%

Jun 202413%

Sep 202413%

Dec 202418%

Mar 202516%

Jun 202515%

Sep 202514%

Dec 202515%

Mar 202615%

Jun 202615%

Yamuna Syndicate Ltd · 540980

Sep 20212.5%

Dec 20212.7%

Mar 20224.3%

Jun 20223.0%

Sep 20222.3%

Dec 20222.0%

Mar 20233.1%

Jun 20232.8%

Sep 20231.9%

Dec 20231.2%

Mar 20240.4%

Jun 20241.9%

Sep 20242.0%

Dec 20242.1%

Mar 20251.8%

Jun 20252.4%

Sep 20251.3%

Dec 20252.0%

Mar 20262.9%

Jun 2026—

Margin change · reported quarter history

Avenue Supermarts Ltd · DMART

Sep 2021+2.4 pp

Dec 2021+0.3 pp

Mar 2022+0.1 pp

Jun 2022+5.7 pp

Sep 2022−0.2 pp

Dec 2022−1.4 pp

Mar 2023−1.4 pp

Jun 2023−1.0 pp

Sep 2023−0.4 pp

Dec 20230.0 pp

Mar 20240.0 pp

Jun 20240.0 pp

Sep 20240.0 pp

Dec 20240.0 pp

Mar 2025−1.0 pp

Jun 2025−1.0 pp

Sep 2025−1.0 pp

Dec 20250.0 pp

Mar 2026+1.0 pp

Jun 20260.0 pp

Shoppers Stop Ltd · SHOPERSTOP

Sep 2021+24.1 pp

Dec 2021+6.2 pp

Mar 2022−3.2 pp

Jun 2022+47.9 pp

Sep 2022+5.1 pp

Dec 2022−0.2 pp

Mar 2023+6.3 pp

Jun 2023−0.1 pp

Sep 2023−1.3 pp

Dec 2023−1.0 pp

Mar 2024−1.0 pp

Jun 2024−4.0 pp

Sep 2024−2.0 pp

Dec 20240.0 pp

Mar 20250.0 pp

Jun 2025+2.0 pp

Sep 2025+1.0 pp

Dec 2025−3.0 pp

Mar 2026−1.0 pp

Jun 20260.0 pp

Yamuna Syndicate Ltd · 540980

Sep 20210.0 pp

Dec 2021−0.2 pp

Mar 2022+0.0 pp

Jun 2022−0.5 pp

Sep 2022−0.3 pp

Dec 2022−0.7 pp

Mar 2023−1.2 pp

Jun 2023−0.2 pp

Sep 2023−0.4 pp

Dec 2023−0.8 pp

Mar 2024−2.7 pp

Jun 2024−0.9 pp

Sep 2024+0.1 pp

Dec 2024+0.9 pp

Mar 2025+1.4 pp

Jun 2025+0.5 pp

Sep 2025−0.7 pp

Dec 2025−0.1 pp

Mar 2026+1.1 pp

Jun 2026—

08 · compare level, then change

Profit Scale & Acceleration

Avenue Supermarts Ltd has the highest Net profit among the 3 Retail - Departmental Stores companies compared here, at ₹3,057 crore. Yamuna Syndicate Ltd is next at ₹110 crore. The same company also holds the highest Profit growth, at 12.9%. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Avenue Supermarts Ltd leads with ₹3,057 crore of TTM profit, 27.8× the profit of Yamuna Syndicate Ltd. Avenue Supermarts Ltd shows 12.9% growth from a ₹3,057 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderAvenue Supermarts Ltd · ₹3,057 crore

Gap27.8× versus #2 · Yamuna Syndicate Ltd

Persistence6/8 recent comparable periods

Coverage3/3 companies · 54 observations

Investor read: Avenue Supermarts Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Avenue Supermarts Ltd DMART₹3.1K Cr

2Yamuna Syndicate Ltd 540980₹110 Cr

3Shoppers Stop Ltd SHOPERSTOP₹-34 Cr

Profit growthfastest growers

1Avenue Supermarts Ltd DMART13%

2Yamuna Syndicate Ltd 540980-4.4%

Net profit · company comparison

3/3 level · 2/3 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Avenue Supermarts Ltd DMART	₹860 Cr	11%	Jun 2026
Yamuna Syndicate Ltd 540980	₹34 Cr	3.0%	Mar 2026
Shoppers Stop Ltd SHOPERSTOP	₹-14 Cr	-900%	Jun 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Avenue Supermarts Ltd · DMART

Sep 2021₹418 Cr

Dec 2021₹553 Cr

Mar 2022₹427 Cr

Jun 2022₹643 Cr

Sep 2022₹686 Cr

Dec 2022₹590 Cr

Mar 2023₹460 Cr

Jun 2023₹659 Cr

Sep 2023₹623 Cr

Dec 2023₹690 Cr

Mar 2024₹563 Cr

Jun 2024₹774 Cr

Sep 2024₹659 Cr

Dec 2024₹724 Cr

Mar 2025₹551 Cr

Jun 2025₹773 Cr

Sep 2025₹685 Cr

Dec 2025₹856 Cr

Mar 2026₹656 Cr

Jun 2026₹860 Cr

Shoppers Stop Ltd · SHOPERSTOP

Sep 2021₹-4 Cr

Dec 2021₹77 Cr

Mar 2022₹-16 Cr

Jun 2022₹23 Cr

Sep 2022₹16 Cr

Dec 2022₹63 Cr

Mar 2023₹14 Cr

Jun 2023₹14 Cr

Sep 2023₹3 Cr

Dec 2023₹37 Cr

Mar 2024₹23 Cr

Jun 2024₹-23 Cr

Sep 2024₹-21 Cr

Dec 2024₹52 Cr

Mar 2025₹2 Cr

Jun 2025₹-16 Cr

Sep 2025₹-20 Cr

Dec 2025₹16 Cr

Mar 2026₹-16 Cr

Jun 2026₹-14 Cr

Yamuna Syndicate Ltd · 540980

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹30 Cr

Mar 2023₹38 Cr

Jun 2023₹23 Cr

Sep 2023₹27 Cr

Dec 2023₹28 Cr

Mar 2024₹45 Cr

Jun 2024₹30 Cr

Sep 2024₹42 Cr

Dec 2024₹10 Cr

Mar 2025₹33 Cr

Jun 2025₹24 Cr

Sep 2025₹20 Cr

Dec 2025₹32 Cr

Mar 2026₹34 Cr

Jun 2026—

Profit growth · reported quarter history

Avenue Supermarts Ltd · DMART

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202264%

Dec 20226.7%

Mar 20237.7%

Jun 20232.5%

Sep 2023-9.2%

Dec 202317%

Mar 202422%

Jun 202417%

Sep 20245.8%

Dec 20244.9%

Mar 2025-2.1%

Jun 2025-0.1%

Sep 20254.0%

Dec 202518%

Mar 202619%

Jun 202611%

Shoppers Stop Ltd · SHOPERSTOP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022-18%

Mar 2023—

Jun 2023-39%

Sep 2023-81%

Dec 2023-41%

Mar 202464%

Jun 2024-264%

Sep 2024-800%

Dec 202441%

Mar 2025-91%

Jun 2025—

Sep 2025—

Dec 2025-69%

Mar 2026-900%

Jun 2026—

Yamuna Syndicate Ltd · 540980

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-6.7%

Mar 202418%

Jun 202430%

Sep 202456%

Dec 2024-64%

Mar 2025-27%

Jun 2025-20%

Sep 2025-52%

Dec 2025220%

Mar 20263.0%

Jun 2026—

09 · compare level, then change

Return On Capital Employed

Avenue Supermarts Ltd has the highest ROCE among the 3 Retail - Departmental Stores companies compared here, at 17.2%. Shoppers Stop Ltd is next at 7%. The same company also holds the highest ROCE change, at +0.1 percentage points. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Avenue Supermarts Ltd leads ROCE at 17.2%, 10.2 percentage points above Shoppers Stop Ltd. Avenue Supermarts Ltd has the strongest latest improvement at +0.1 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderAvenue Supermarts Ltd · 17.2%

Gap144.7% versus #2 · Shoppers Stop Ltd

Persistence1/8 recent comparable periods

Coverage3/3 companies · 31 observations

Investor read: Avenue Supermarts Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1Avenue Supermarts Ltd DMART17%

2Shoppers Stop Ltd SHOPERSTOP7.0%

3Yamuna Syndicate Ltd 5409804.1%

ROCE changefastest improvers

1Avenue Supermarts Ltd DMART+0.1 pp

2Shoppers Stop Ltd SHOPERSTOP−0.3 pp

3Yamuna Syndicate Ltd 540980−5.0 pp

Return on capital · company comparison

3/3 level · 3/3 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Avenue Supermarts Ltd DMART	18%	+0.1 pp	Jun 2026
Shoppers Stop Ltd SHOPERSTOP	7.4%	−0.3 pp	Jun 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Avenue Supermarts Ltd · DMART

Sep 202113%

Dec 2021—

Mar 202214%

Jun 2022—

Sep 202219%

Dec 2022—

Mar 202318%

Jun 2023—

Sep 202317%

Dec 202320%

Mar 202418%

Jun 202421%

Sep 202417%

Dec 202420%

Mar 202516%

Jun 202518%

Sep 202516%

Dec 202518%

Mar 202616%

Jun 202618%

Shoppers Stop Ltd · SHOPERSTOP

Sep 2021-11%

Dec 2021—

Mar 2022-4.1%

Jun 2022—

Sep 202213%

Dec 2022—

Mar 202315%

Jun 2023—

Sep 202313%

Dec 202315%

Mar 202411%

Jun 202412%

Sep 20248.4%

Dec 202412%

Mar 20257.7%

Jun 202510%

Sep 20258.7%

Dec 20258.9%

Mar 20267.4%

Jun 2026—

ROCE change · reported quarter history

Avenue Supermarts Ltd · DMART

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+5.5 pp

Dec 2022—

Mar 2023+4.0 pp

Jun 2023—

Sep 2023−1.5 pp

Dec 2023—

Mar 2024−0.5 pp

Jun 2024—

Sep 20240.0 pp

Dec 2024−0.7 pp

Mar 2025−1.2 pp

Jun 2025−2.3 pp

Sep 2025−1.8 pp

Dec 2025−1.6 pp

Mar 2026−0.3 pp

Jun 2026+0.1 pp

Shoppers Stop Ltd · SHOPERSTOP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+24.0 pp

Dec 2022—

Mar 2023+19.1 pp

Jun 2023—

Sep 20230.0 pp

Dec 2023—

Mar 2024−3.7 pp

Jun 2024—

Sep 2024−4.7 pp

Dec 2024−3.5 pp

Mar 2025−3.6 pp

Jun 2025−1.6 pp

Sep 2025+0.3 pp

Dec 2025−2.7 pp

Mar 2026−0.3 pp

Jun 2026—

10 · compare level, then change

Valuation Against Growth & Quality

Avenue Supermarts Ltd has the lowest PEG among the 3 Retail - Departmental Stores companies compared here, at 9.74×. Yamuna Syndicate Ltd has the lowest P/E at 15.3×, so level and change sit with different companies. 1 of 3 companies report a comparable reading, the latest through Jun 2026. Its PEG series carries 13 reported observations across the 20-quarter window.

What the numbers say: Avenue Supermarts Ltd has the lowest comparable PEG at 9.74×. Only 1 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAvenue Supermarts Ltd · 9.74×

GapNot enough peers

Persistence0/8 recent comparable periods

Coverage1/3 companies · 14 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Avenue Supermarts Ltd DMART9.7

P/Elowest P/E

1Yamuna Syndicate Ltd 54098015.3

2Avenue Supermarts Ltd DMART83.6

Valuation · company comparison

1/3 level · 2/3 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Avenue Supermarts Ltd DMART	9.7	94.1	Jun 2026
Shoppers Stop Ltd SHOPERSTOP	3.3	261.6	Jun 2026
Yamuna Syndicate Ltd 540980	—	7.8	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Avenue Supermarts Ltd · DMART

Sep 202148.2

Dec 202113.0

Mar 2022—

Jun 20229.5

Sep 2022—

Dec 2022—

Mar 20231.6

Jun 20231.8

Sep 20235.8

Dec 2023—

Mar 2024—

Jun 202419.6

Sep 202412.1

Dec 20245.8

Mar 20258.4

Jun 202515.3

Sep 2025—

Dec 2025—

Mar 202616.7

Jun 20269.7

Shoppers Stop Ltd · SHOPERSTOP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20233.3

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

Avenue Supermarts Ltd · DMART

Sep 2021260.8

Dec 2021275.4

Mar 2022175.2

Jun 2022148.1

Sep 2022139.3

Dec 2022114.2

Mar 202394.0

Jun 2023105.9

Sep 202399.6

Dec 2023113.7

Mar 2024120.9

Jun 2024121.0

Sep 2024125.2

Dec 202486.4

Mar 202597.7

Jun 2025103.7

Sep 2025108.6

Dec 202590.2

Mar 202688.7

Jun 202694.1

Shoppers Stop Ltd · SHOPERSTOP

Sep 2021—

Dec 2021-65.5

Mar 2022—

Jun 202266.3

Sep 2022140.1

Dec 202297.4

Mar 202381.4

Jun 202376.2

Sep 202368.9

Dec 202377.0

Mar 2024114.4

Jun 2024101.8

Sep 2024200.9

Dec 2024332.5

Mar 2025170.7

Jun 2025550.4

Sep 2025333.6

Dec 2025267.6

Mar 2026261.6

Jun 2026—

Yamuna Syndicate Ltd · 540980

Sep 20215.3

Dec 20216.2

Mar 20226.0

Jun 20226.7

Sep 20226.8

Dec 20225.9

Mar 20234.7

Jun 20234.5

Sep 20235.2

Dec 20236.4

Mar 20246.3

Jun 202415.5

Sep 202411.4

Dec 20249.3

Mar 20258.3

Jun 202510.4

Sep 202510.3

Dec 202510.6

Mar 20267.8

Jun 2026—

11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Retail - Departmental Stores comparison names 5 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
Thin comparisons: Valuation have fewer than three usable current readings.

12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 3 Retail - Departmental Stores companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-07-31 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing2 cross-checked · 1 unverified · 0 withheld, of 3 graded companies.

How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Retail - Departmental Stores company comparison FAQs

These 23 answers restate the Retail - Departmental Stores comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Retail - Departmental Stores sector outperforming NIFTY 500?

Which Retail - Departmental Stores company is largest by revenue?

Avenue Supermarts Ltd leads with revenue of ₹71,256 crore, based on 3 of 3 comparable companies through Jun 2026.

Which Retail - Departmental Stores company is growing fastest?

Avenue Supermarts Ltd has the fastest current revenue growth at 15.6%, across 3 of 3 comparable companies.

Which Retail - Departmental Stores company has the strongest 4-Factor Sector Score?

Avenue Supermarts Ltd ranks first at 40.5/100 with 90% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Retail - Departmental Stores company has the lowest comparable PEG?

Avenue Supermarts Ltd has the lowest comparable PEG at 9.74, among 1 of 3 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Retail - Departmental Stores comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Retail - Departmental Stores index?

The Nifty Retail - Departmental Stores index tracks India's listed Retail - Departmental Stores companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Retail - Departmental Stores sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Retail - Departmental Stores stocks in India?

Ranked by this page's four-factor score, Avenue Supermarts Ltd places first among 3 listed Retail - Departmental Stores companies, followed by Shoppers Stop Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Retail - Departmental Stores stocks are listed in India?

This comparison covers 3 listed Retail - Departmental Stores companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Retail - Departmental Stores company is the biggest?

Avenue Supermarts Ltd is the largest, with trailing-twelve-month revenue of ₹71,256 crore, ahead of Shoppers Stop Ltd at ₹5,174 crore. That covers 3 of 3 companies with comparable reporting through Jun 2026.

Which Retail - Departmental Stores company has the best profit margins?

Shoppers Stop Ltd has the highest operating margin at 15%, from 3 of 3 comparable companies. Yamuna Syndicate Ltd shows the biggest recent improvement, at +1.1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Retail - Departmental Stores company makes the most profit?

Avenue Supermarts Ltd earns the most, at ₹3,057 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. Avenue Supermarts Ltd has the fastest profit growth at 12.9%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Retail - Departmental Stores company earns the highest return on capital?

Avenue Supermarts Ltd leads on return on capital employed at 17.2%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Retail - Departmental Stores stock is the cheapest?

On PEG — where a LOWER number is cheaper — Avenue Supermarts Ltd screens cheapest at 9.74×. Only 1 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Retail - Departmental Stores sector beating the market?

Retail - Departmental Stores has underperformed NIFTY 500 by 19.1% over the last 52 weeks and 1.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Retail - Departmental Stores stock has the strongest price momentum?

Shoppers Stop Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Retail - Departmental Stores company scores highest for research priority?

Avenue Supermarts Ltd scores 40.5 out of 100 with 90% evidence confidence, from 19.1 points on growth and earnings, 13.7 on capital efficiency, 5 on valuation and 2.7 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Retail - Departmental Stores companies does this comparison cover, and over what period?

It compares 3 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Retail - Departmental Stores sector?

The 3 Retail - Departmental Stores companies on this page carry ₹2,60,840 crore of combined market value. Avenue Supermarts Ltd is the largest at ₹2,55,746 crore, about 98% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

How is the Retail - Departmental Stores sector performing?

0 of the 3 covered Retail - Departmental Stores companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 19.1% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.