On consolidated basis
Quarter ended December 2025 compared with Quarter ended December
2024.
Net sales (including other operating income) of Avenue Supermarts has increased
13.32% to Rs 18100.88 crore.
Operating profit margin
has jumped from 7.62% to 8.08%, leading to 20.22% rise in operating profit to
Rs 1,463.37 crore. Purchase of finished goods cost fell from 85.05%
to 84.52%. Employee cost increased from 1.94% to 2.22%. Other
expenses fell from 5.28% to 5.08%.
Other income fell 29.87%
to Rs 16.93 crore. PBIDT rose 19.25% to Rs 1480.3
crore. Provision for interest rose 102.20% to Rs 36.82
crore.
PBDT rose 18.01% to Rs
1443.48 crore. Provision for depreciation rose 17.61% to Rs 268.29
crore.
Profit before tax grew
18.10% to Rs 1,175.19 crore. Share of profit/loss were nil in both
the periods. Provision for tax was expense of Rs 319.41 crore,
compared to Rs 271.51 crore. Effective tax rate was 27.18% compared to
27.29%.
Minority interest
increased 22.22% to Rs -0.14 crore. Net profit attributable to
owners of the company increased 18.27% to Rs 855.92 crore.
Promoters’ stake was
74.65% as of 31 December 2025 ,compared to 74.65% as of 31 December 2024
.
Year-to-date (YTD)
results analysis.
Net sales (including other operating income) of Avenue Supermarts has increased
14.95% to Rs 51136.89 crore.
Operating profit margin
has declined from 7.94% to 7.78%, leading to 12.56% rise in operating profit to
Rs 3,976.06 crore. Purchase of finished goods cost fell from 85.21%
to 84.90%. Employee cost increased from 1.89% to 2.17%.
Other expenses rose from 5.10% to 5.22%.
Other income fell 43.65%
to Rs 55.93 crore. PBIDT rose 11.03% to Rs 4031.99
crore. Provision for interest rose 100.20% to Rs 101.08
crore.
PBDT rose 9.77% to Rs
3930.91 crore. Provision for depreciation rose 19.85% to Rs 753.46
crore.
Profit before tax grew
7.62% to Rs 3,177.45 crore. Share of profit/loss were nil in both
the periods. Provision for tax was expense of Rs 864.01 crore,
compared to Rs 795.71 crore. Effective tax rate was 27.19% compared
to 26.95%.
Net profit attributable
to owners of the company increased 7.27% to Rs 2,313.90 crore.
Promoters’ stake was
74.65% as of 31 December 2025 ,compared to 74.65% as of 31 December 2024
.
Full year results analysis.
Net sales (including other operating income) of Avenue Supermarts has increased
16.87% to Rs 59358.05 crore.
Operating profit margin
has declined from 8.08% to 7.56%, leading to 9.35% rise in operating profit to
Rs 4,487.33 crore. Purchase of finished goods cost rose from 85.40%
to 85.44%. Employee cost increased from 1.76% to 1.93%.
Other expenses rose from 4.87% to 5.21%.
Other income fell 15.12%
to Rs 124.31 crore. PBIDT rose 8.50% to Rs 4611.64
crore. Provision for interest rose 19.47% to Rs 69.45
crore. Loan funds rose to Rs 819.62 crore as of 31 March 2025 from
Rs 592.16 crore as of 31 March 2024. Inventories rose to Rs 5,044.37
crore as of 31 March 2025 from Rs 3,927.31 crore as of 31 March
2024. Sundry debtors were lower at Rs 153.79 crore as of 31 March
2025 compared to Rs 166.37 crore as of 31 March 2024. Cash and bank
balance declined from Rs 638.18 crore as of 31 March 2024 to Rs 358.20 crore as
of 31 March 2025. Investments declined from Rs 106.67 crore as of 31
March 2024 to Rs 3.26 crore as of 31 March 2025.
PBDT rose 8.35% to Rs
4542.19 crore. Provision for depreciation rose 18.99% to Rs 869.52
crore. Fixed assets increased to Rs 17,227.54 crore as of 31 March
2025 from Rs 14,271.95 crore as of 31 March 2024. Intangible assets
stood at Rs 78.27 crore.
Profit before tax grew
6.11% to Rs 3,672.67 crore. Share of profit/loss were nil in both
the periods. Provision for tax was expense of Rs 965.22 crore, compared
to Rs 925.72 crore. Effective tax rate was 26.28% compared to
26.74%.
Minority interest
decreased 1.79% to Rs -0.57 crore. Net profit attributable to owners
of the company increased 6.78% to Rs 2,708.02 crore.
Equity capital stood at
Rs 650.73 crore as of 31 March 2025 to Rs 650.73 crore as of 31 March
2024. Per share face Value remained same at Rs 10.00.
Promoters’ stake was
74.65% as of 31 March 2025 ,compared to 74.65% as of 31 March 2024
.
Cash flow from operating
activities decreased to Rs 2,462.97 crore for year ended March 2025 from Rs
2,745.84 crore for year ended March 2024. Cash flow used in
acquiring fixed assets during the year ended March 2025 stood at Rs 3,423.04
crore, compared to Rs 2,731.25 crore during the year ended March 2024.
Operational highlights:
As of Dec
31, 2025, the Company had 442 operating stores with Retail Business Area of 18.3
million sq. ft across Maharashtra, Gujarat, Telangana, Andhra Pradesh,
Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh and
Daman.
Management Commentary:
D-Mart follows Everyday low cost -
Everyday low price (EDLC-EDLP) strategy which aims at procuring goods at
competitive price, using operational and distribution efficiency and thereby
delivering value for money to customers by selling at competitive prices.
Mr. Anshul Asawa, CEO-Designate, commented: “Our revenue for the
quarter grew by 13.2%. Profit after tax (PAT) grew by 17.6% over the previous
year. Two years and older DMart Stores grew by 5.6% in Q3 FY26 as compared to
Q3 FY25.
Revenue growth was partially impacted due to deflation in staples. We
opened 10 stores during the quarter. Our total stores stand at 442 as on
December 31, 2025.” | Avenue Supermarts : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202512 | 202412 | Var.(%) | 202512 | 202412 | Var.(%) | 202503 | 202403 | Var.(%) |
|---|
| Net Sales (including other operating income) | 18,100.88 | 15,972.55 | 13.32 | 51,136.89 | 44,486.19 | 14.95 | 59,358.05 | 50,788.83 | 16.87 | | OPM (%) | 8.08 | 7.62 | 46 bps | 7.78 | 7.94 | -16 bps | 7.56 | 8.08 | -52 bps | | OP | 1,463.37 | 1,217.24 | 20.22 | 3,976.06 | 3,532.26 | 12.56 | 4,487.33 | 4,103.77 | 9.35 | | Other Inc. | 16.93 | 24.14 | -29.87 | 55.93 | 99.26 | -43.65 | 124.31 | 146.45 | -15.12 | | PBIDT | 1,480.30 | 1,241.38 | 19.25 | 4,031.99 | 3,631.52 | 11.03 | 4,611.64 | 4,250.22 | 8.50 | | Interest | 36.82 | 18.21 | 102.20 | 101.08 | 50.49 | 100.20 | 69.45 | 58.13 | 19.47 | | PBDT | 1,443.48 | 1,223.17 | 18.01 | 3,930.91 | 3,581.03 | 9.77 | 4,542.19 | 4,192.09 | 8.35 | | Depreciation | 268.29 | 228.12 | 17.61 | 753.46 | 628.66 | 19.85 | 869.52 | 730.76 | 18.99 | | PBT | 1,175.19 | 995.05 | 18.10 | 3177.45 | 2952.37 | 7.62 | 3672.67 | 3461.33 | 6.11 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 1175.19 | 995.05 | 18.10 | 3177.45 | 2952.37 | 7.62 | 3672.67 | 3461.33 | 6.11 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 1175.19 | 995.05 | 18.10 | 3177.45 | 2952.37 | 7.62 | 3672.67 | 3461.33 | 6.11 | | Taxation | 319.41 | 271.51 | 17.64 | 864.01 | 795.71 | 8.58 | 965.22 | 925.72 | 4.27 | | PAT | 855.78 | 723.54 | 18.28 | 2313.44 | 2156.66 | 7.27 | 2707.45 | 2535.61 | 6.78 | | Minority Interest (MI) | -0.14 | -0.18 | 22.22 | -0.46 | -0.46 | 0 | -0.57 | -0.56 | -1.79 | | Net profit | 855.92 | 723.72 | 18.27 | 2313.9 | 2157.12 | 7.27 | 2708.02 | 2536.17 | 6.78 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 855.92 | 723.72 | 18.27 | 2313.9 | 2157.12 | 7.27 | 2708.02 | 2536.17 | 6.78 | | EPS (Rs)* | 13.15 | 11.12 | 18.27 | 35.56 | 33.15 | 7.27 | 41.61 | 38.97 | 6.78 | | | * EPS is on current equity of Rs 650.73 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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