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Informist, Saturday, Jan. 10, 2026

 

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--Avenue Supermarts Oct-Dec net profit INR 9.23 bln
--Analysts saw Avenue Supermarts Oct-Dec net profit at INR 8.07 bln 
--Avenue Supermarts Oct-Dec revenue INR 176.13 bln 
--Analysts saw Avenue Supermarts Oct-Dec revenue at INR 179.05 bln 
--Avenue Supermarts Oct-Dec net profit INR 9.23 bln vs INR 7.85 bln yr ago 
--Avenue Supermarts Oct-Dec revenue INR 176.13 bln vs INR 155.65 bln yr ago 
--Avenue Supermarts Apr-Dec net profit INR 24.99 bln vs INR 23.07 bln yr ago 
--Avenue Supermarts Apr-Dec revenue INR 497.64 bln vs INR 433.27 bln yr ago 
--Avenue Supermarts appoints Anshul Asawa as MD, CEO 
--Avenue Supermarts appoints Anshul Asawa as MD for 3 years startng Apr 1 
--Avenue Supermarts Oct-Dec EBITDA INR 14.81 bln vs INR 12.35 bln year ago 
--Avenue Supermarts Oct-Dec EBITDA margin 8.4% vs 7.9% year ago 
--Avenue Supermarts: Q3 revenue growth impacted due to deflation in staples 
--Avenue Supermarts: Like-for-like sales growth 5.6% in Q3 vs 8.3% year ago 

 

By Avishek Rakshit

 

KOLKATA – After registering a muted profit growth in the last six quarters, Avenue Supermarts Ltd. reported a sharp uptick in its net profit growth in the December quarter, outperforming the Street's estimates. The net profit growth was largely on account of new store additions which led to expansion in the retail business area. However, revenue per square foot of retail business area took a hit and negatively impacted the revenue growth in the December quarter. 

 

Avenue Supermarts, which retails products under the D-Mart brand of stores, reported a 17.6% increase in its net profit for the December quarter at INR 9.2 billion as against the Street's estimate of INR 8.1 billion. The revenue, however, grew by 13.2% on year to just above INR 176 billion during the quarter and fell short of the analysts' expectation of INR 179 billion.  

 

In a statement, the company's chief executive officer designate Anshul Asawa said that the revenue growth was partially impacted due to deflation in prices of staples. This key product category, together with other foods categories like diary, groceries, snacks, and others comprise over 57% of the company's top line. 

 

"Two years and older DMart Stores grew by 5.6% in Q3 FY26 (2025-26 (Apr-Mar)) as compared to Q3 FY25," Asawa said. "We opened 10 stores during the quarter. Our total stores stand at 442 as on December 31, 2025."

 

Thus, although store additions increased the retail area by 13.7% on year to 18.3 million square feet, and aided the company's top line, lower like-for-like sales growth fell to 5.6% in the December quarter as against 8.3% in the year-ago quarter and pulled down revenue growth. Like-for-like growth is a key metric in the retail industry as it measures the revenue growth from sales of same stores which have been operational for at least 24 months at the end of reporting period. Revenue from sales per square foot of retail business area declined to INR 9,290 during the quarter as against INR 9,317 in the corresponding quarter of the last financial year. 

 

Avenue Supermarts' earnings before interest, tax, depreciation, and amortisation rose nearly 20% on year to INR 14.81 billion and the EBITDA margin improved to 8.4% from 7.9% in the year-ago period. The company net profit margins, however, fell to 5% in the December quarter as against 5.3% in the corresponding quarter of the last financial year.

 

For Apr-Dec, the company recorded a net profit of nearly INR 25 billion on a revenue of around INR 498 billion. Its net profit for same period in FY25 was at INR 23 billion on a revenue of INR 433 billion.

 

On Friday, shares of Avenue Supermarts closed 0.3% higher at INR 3,801.30 on the National Stock Exchange.  End

 

Edited by Akul Nishant Akhoury

 

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