Avenue Supermarts (DMart) Q3FY26 Result; Profit Up 17.6% and PAT Margin Improved YoY

Equity markets opened lower on Monday, despite a largely positive sentiment across global markets. The BSE Sensex index was at 83,189, down 387 points or 0.46% at 10:10 AM. Similarly, the Nifty index was at 25,567, lower by 116 points or 0.45%.  

Avenue Supermarts Ltd (ASL), the operator of the DMart retail chain, reported a healthy performance for the quarter ended December 31, 2025, driven by steady revenue growth and margin improvements across its standalone operations. The company announced the results through a regulatory press release submitted to both BSE and NSE on January 10, 2026.

Avenue Supermarts Standalone Q3FY26 Performance

ASL’s standalone total revenue rose 13.2% year-on-year to ₹17,613 crore, compared to ₹15,565 crore in Q3FY25.

Standalone EBITDA for the quarter stood at ₹1,481 crore, reflecting a 19.9% increase over the same period last year. EBITDA margin improved to 8.4%, up from 7.9% in Q3FY25.

Net profit (PAT) for the quarter surged 17.6% year-on-year to ₹923 crore, compared to ₹785 crore in Q3FY25, with PAT margins improving to 5.2% from 5.0% last year. Basic Earnings Per Share (EPS) for Q3FY26 stood at ₹14.19, higher than ₹12.06 reported in the previous year period.

The company continued its physical expansion momentum, adding 10 new stores during the quarter.

Avenue Supermarts Nine-Month Standalone Results (9MFY26)

For the nine months ended December 31, 2025, standalone total revenue grew 14.9% to ₹49,764 crore, compared with ₹43,327 crore in 9MFY25.

Standalone EBITDA for the period stood at ₹4,024 crore, up 13.0% year-on-year, while EBITDA margin came in at 8.1%, slightly lower than 8.2% a year ago.

Net profit for 9MFY26 stood at ₹2,499 crore, an 8.3% increase from ₹2,307 crore in 9MFY25, with PAT margin moderating to 5.0% from 5.3% previously. Basic EPS for the period was ₹38.41, compared to ₹35.47 during 9MFY25.

ASL added 27 stores in the first nine months of the fiscal year.

Avenue Supermarts Consolidated Financial Highlights

On a consolidated basis, ASL posted quarterly total revenue of ₹18,101 crore, compared to ₹15,973 crore in Q3FY25, while consolidated EBITDA came in at ₹1,463 crore, up from ₹1,217 crore last year. EBITDA margin improved from 7.6% to 8.1% year-on-year.

Consolidated PAT for Q3FY26 increased to ₹856 crore, compared with ₹724 crore in Q3FY25, while PAT margin stood at 4.7% versus 4.5% previously. Consolidated EPS for the quarter rose to ₹13.15, from ₹11.12 a year earlier.

For 9MFY26, consolidated revenue rose to ₹51,137 crore, compared to ₹44,486 crore in the corresponding period last year. Consolidated net profit stood at ₹2,313 crore, compared with ₹2,157 crore in 9MFY25, while earnings per share increased to ₹35.56, from ₹33.15 previously

Avenue Supermarts Management Commentary

Commenting on the results, Anshul Asawa, CEO-Designate of Avenue Supermarts, said the company recorded 13.2% revenue growth and 17.6% growth in PAT during the quarter. He highlighted that two-year and older DMart stores grew by 5.6% during Q3FY26 compared to Q3FY25, but noted that revenue growth was partially impacted due to deflation in staples. The company’s total store count reached 442 as of December 31, 2025.

Business Overview

Avenue Supermarts, headquartered in Mumbai, owns and operates DMart, one of India’s largest food and grocery retail chains. The retailer follows an Everyday Low Cost – Everyday Low Price (EDLC–EDLP) pricing strategy to drive value for customers through procurement and operational efficiencies.

As of December 31, 2025, DMart had 442 operational stores spanning 18.3 million sq. ft. across multiple Indian states, including Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh, Uttar Pradesh and Daman. One store in Navi Mumbai remained temporarily closed due to reconstruction.

Avenue Supermarts Share Price Jumps Over 3% on Monday

In the early trade on Monday, Avenue Supermarts share price traded at its day high, surging over 3% from its previous close, the highest in a month. As of 10:50 am stock price was trading at ₹3,784 per share, down by 0.48%.