DMart shares dipped after Q1 FY26 margins disappointed, despite 18% profit growth. Analysts flagged ₹4,000-4,200 as a crucial support zone. While volume-led topline growth and store expansion offer long-term strength, short-term technicals show bearish bias. A breakout above ₹4,610 could signal fresh upside, but a fall below ₹3,975 risks deeper correction.