Prime Highlight
- Avenue Supermarts reported an 18.27% year-on-year rise in consolidated net profit to ₹855.78 crore in the December quarter of FY26, supported by steady demand across DMart stores.
- The company approved the appointment of Anshul Asawa as CEO, marking a leadership transition as current MD and CEO Ignatius Navil Noronha prepares to step down.
Key Facts
- Revenue from operations increased 13.32% year-on-year to ₹18,100.88 crore in Q3 FY26, while profit after tax margin improved to 4.7% from 4.5% a year ago.
- Avenue Supermarts issued commercial paper worth ₹100 crore at a 6% coupon rate, with maturity scheduled for March 30, 2026.
Background
Avenue Supermarts Ltd, the operator of the DMart retail chain, reported a solid performance in the December quarter of FY26, with consolidated net profit rising 18.27% year-on-year to ₹855.78 crore. The company had posted a profit of ₹723.54 crore in the same quarter last year.
Revenue from operations climbed 13.32% to ₹18,100.88 crore, compared with ₹15,972.55 crore in Q3 FY25. On a quarter-on-quarter basis, revenue also grew 8.54%, showing steady demand across DMart’s store network.
The company said profit margins improved slightly during the quarter. Profit after tax margin stood at 4.7% in Q3 FY26, up from 4.5% a year ago. Total expenses increased nearly in line with revenue, rising 13% to ₹16,942.62 crore. Total income, including other income, reached ₹18,117.81 crore, up 13.25%.
Commenting on the numbers, CEO-designate Anshul Asawa said revenue growth was partly affected by price deflation in staple food items, which slowed value growth in that category.
Along with the earnings, the board approved Asawa’s appointment as Chief Executive Officer. He will take charge as key managerial personnel from February 1, 2026, and will become Managing Director for a three-year term starting April 1, 2026, subject to shareholder approval.
The company also announced that current Managing Director and CEO Ignatius Navil Noronha will step down after business hours on January 31, 2026. Noronha had earlier decided not to seek a renewal of his term.
DMart, promoted by Radhakishan Damani and his family, sells daily-use products across several Indian states, including Maharashtra, Gujarat, Karnataka, Tamil Nadu, Telangana, Punjab and Rajasthan.
In a separate filing, Avenue Supermarts said it has issued commercial paper worth ₹100 crore at a 6% coupon rate, maturing on March 30, 2026.