DMart Q3 results: Avenue Supermarts sees 18.3% profit, revenue up 13.3%

Avenue Supermarts

• Avenue Supermarts Q3 profit rose 18.3% to Rs 856 crore, revenue up 13.3%
• EBITDA margin improved to 8.1%, 10 new DMart stores opened, total now 442
• Anshul Asawa appointed MD, succeeding Ignatius Navil Noronha

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Avenue Supermarts Ltd, which owns and operates the DMart retail chain, on Saturday reported an 18.27% rise in consolidated net profit at Rs 855.78 crore for the December quarter of FY26, compared with Rs 723.54 crore in the same period last year, according to a regulatory filing.

Revenue from operations increased 13.32% year-on-year to Rs 18,100.88 crore, up from Rs 15,972.55 crore in the corresponding quarter of the previous financial year. “PAT (profit after tax) margin stood at 4.7 per cent in Q3FY26 as compared to 4.5 per cent in Q3FY25,” the company said in its earnings statement.

Total expenses during the quarter rose 13% to Rs 16,942.62 crore, while total income, including other income, climbed 13.25% to Rs 18,117.81 crore.

Commenting on the performance, CEO-designate Anshul Asawa said, “Revenue growth was partially impacted due to deflation in staples.”

Alongside the quarterly results, the board of Avenue Supermarts approved the appointment of Anshul Asawa, currently CEO-designate, as the company’s Chief Executive Officer. He will become “Key Managerial Personnel of the Company from 1st February, 2026, and Managing Director of the Company for a term of three years with effect from 1st April, 2026, subject to approval of shareholders of the Company,” the company said.

The company also said that Ignatius Navil Noronha will step down as Managing Director and CEO after close of business hours on January 31, 2026. Noronha, whose term ends in January next year, had earlier decided not to seek a renewal.

DMart, promoted by Radhakishan Damani and his family, sells essential home and personal care products across several states, including Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.

In a separate filing on Friday, the company said it “allotted Commercial Paper of Rs 100 crore,” which is proposed to be listed on the BSE. The commercial paper carries a coupon rate of 6% and will mature on March 30, 2026.