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Informist, Saturday, May 2, 2026

 

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--Avenue Supermarts Jan-Mar net profit INR 7.25 bln vs INR 6.20 bln yr ago 
--Analysts saw Avenue Supermarts Jan-Mar net profit INR 6.87 bln 
--Avenue Supermarts Jan-Mar revenue INR 172.05 bln vs INR 144.62 bln yr ago 
--Analysts saw Avenue Supermarts Jan-Mar revenue INR 174.75 bln 
--Avenue Supermarts FY26 net profit INR 32.24 bln vs INR 29.27 bln yr ago 
--Avenue Supermarts FY26 revenue INR 669.68 bln vs INR 577.90 bln yr ago 
--Avenue Supermarts Jan-Mar operating margin 7.16% vs 6.79% year ago

 

By Avishek Rakshit

 

KOLKATA – Aided by new stores and panic-driven demand immediately after the outbreak of the war on Iran, Avenue Supermarts Ltd. posted a sharp increase in its revenue and profit for the March quarter, beating the Street's profit estimates and posting an eight-quarter-high revenue growth.

 

Avenue Supermarts reported around 17% year-on-year growth in net profit for the quarter to INR 7.25 billion against the Street's expectation of INR 6.87 billion. The revenue grew around 19% on year to over INR 172 billion.

 

The contribution of revenue from the foods business increased marginally to 57.90% in the March quarter from 57.73% in the year-ago quarter. Sales from non-foods business accounted for nearly 20% as compared to a little over 20% in the year-ago quarter. While the share of revenue from all verticals remained more or less the same, store expansion drove the top line, with 58 stores being added in the March quarter, taking the total store count to 500 as on Mar. 31.

 

The company's earnings before interest, tax, depreciation, and amortisation in the March quarter increased by over 25% on year to over INR 12.31 billion. The EBITDA margin stood at 7.2% in the March quarter against 6.8% in the corresponding quarter a year ago.

 

Total revenue during the financial year 2025-26 (Apr-Mar) increased by around 16% to nearly INR 670 billion. The revenue for FY25 was INR 578 billion. The net profit for FY26 increased over 10% to INR 32 billion, compared with INR 29 billion for FY25. However, the profit after tax margin fell to 4.8% in FY26 from 5.1% in FY25.

 

The EBITDA of Avenue Supermarts in FY26 stood at around INR 52.6 billion, up from INR 45.4 billion in FY25. The EBITDA margin stood at 7.8%, marginally lower than 7.9% in FY25.

 

"Two years and older DMart stores grew by 10.8% during Q4 FY26 as compared to 8.1% in Q4 FY25. Gross margins saw slight improvement and costs are largely in-line with business growth," Anshul Asawa, managing director and chief executive officer at Avenue Supermarts, said in a statement. "Geopolitical tensions led to some spike in consumer-buying during the month of March 2026 which normalised towards the end of the month. Our business has largely not witnessed any supply chain disruptions thus far."

 

During FY26, like-for-like growth dropped to 8.1% against 8.4% in FY25. This is a key barometer in the retail industry as it measures sales performance for a period in comparison with another period, adjusted to include only existing locations or products, thus excluding revenue from new stores, mergers, or acquisitions. It evaluates if a company is growing by attracting more customers to existing locations rather than just growing by opening new ones.

 

The retail business area during FY26, owing to new stores, increased to 20.6 million square feet from 17.2 million square feet in FY25. The revenue per square foot of retail business area, however, declined to INR 33,422 in FY26 as compared to INR 33,896 in FY25.

 

"Our DMart Ready business continues to focus in key metro towns," Vikram Dasu, whole-time director and chief executive officer of Avenue E-Commerce, said in the statement. "We have further rationalised our delivery channels with renewed focus on home delivery as the preferred channel. We have discontinued our operations in one city during the quarter. As of March 31, 2026, we operate in 18 cities."

 

Thursday, shares of Avenue Supermarts closed flat at INR 4,585.90 on the National Stock Exchange. The capital markets were closed Friday for Maharashtra Day.  End

 

Edited by Rajeev Pai

 

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