Avenue Supermarts Limited, the parent company of DMart, released its financial results for the quarter and nine-month period ending December 31, 2025, reporting solid growth in revenue and profitability. The performance was supported by steady consumer demand, operational efficiencies, and the company’s focus on value retailing.

Standalone Results – Q3 FY26

On a standalone basis, Avenue Supermarts reported total revenue of ₹17,613 crore for the third quarter of FY26, up from ₹15,565 crore in the same quarter last year. EBITDA rose to ₹1,481 crore from ₹1,235 crore year-on-year, reflecting improved operating performance.

The EBITDA margin strengthened to 8.4% in Q3 FY26 compared with 7.9% in Q3 FY25, indicating effective cost control and better operating leverage.

Net profit for the quarter increased to ₹923 crore from ₹785 crore a year earlier, while PAT margin improved to 5.2% compared to 5.0% in the previous year. Basic earnings per share rose to ₹14.19 from ₹12.06 in the corresponding quarter.

Standalone Performance – Nine Months FY26

For the nine months ended December 31, 2025, standalone revenue reached ₹49,764 crore, higher than ₹43,327 crore reported in the same period last year.

EBITDA for 9M FY26 came in at ₹4,024 crore versus ₹3,561 crore in 9M FY25, with the EBITDA margin at 8.1%.

Net profit for the nine-month period increased to ₹2,499 crore from ₹2,307 crore, while PAT margin stood at 5.0%. Basic EPS improved to ₹38.41, compared with ₹35.47 in the prior year period.

Consolidated Results – Q3 FY26

On a consolidated basis, Avenue Supermarts posted total revenue of ₹18,101 crore for Q3 FY26, up from ₹15,973 crore in Q3 FY25.

EBITDA rose to ₹1,463 crore from ₹1,217 crore, and EBITDA margin improved to 8.1% versus 7.6% in the previous year.

Consolidated net profit for the quarter stood at ₹856 crore, compared with ₹724 crore in the same quarter last year. PAT margin improved to 4.7%, while basic EPS increased to ₹13.15 from ₹11.12 in Q3 FY25.

Consolidated Performance – Nine Months FY26

For the nine-month period ended December 31, 2025, consolidated revenue touched ₹51,137 crore, up from ₹44,486 crore in the corresponding previous year period.

EBITDA increased to ₹3,976 crore from ₹3,532 crore, with EBITDA margin recorded at 7.8%.

Net profit for the nine months rose to ₹2,313 crore from ₹2,157 crore, while PAT margin stood at 4.5%. Basic EPS improved to ₹35.56 compared with ₹33.15 in the prior year.

Strategy and Outlook

DMart continues to strengthen its “Everyday Low Cost–Everyday Low Price” model through efficient sourcing, disciplined operations, and a strong supply chain network. This strategy helps the company offer value pricing while sustaining profitability.

According to CEO-Designate Anshul Asawa, revenue for the quarter grew 13.2% and profit after tax rose 17.6% year-on-year. Like-for-like growth from stores older than two years stood at 5.6% during the quarter. He added that revenue growth was partly impacted by deflation in staples. The company opened 10 new stores in the quarter, taking the total count to 442 as of December 31, 2025.

Summary

DMart delivered strong financial performance in Q3 FY26, with double-digit growth in revenue, improved margins, and higher profits on both standalone and consolidated bases. Efficiency gains, value pricing strategy, and new store additions supported performance. Management remains optimistic, although staple deflation moderated revenue growth during the quarter.

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