DMart Q3 FY26 Results: Avenue Supermarts Reports 17% Profit Growth, Revenue Tops Rs. 18,100 Crore

Avenue Supermarts, the operator of the popular DMart retail chain, on Saturday, Jan 10, reported a strong earnings performance in the third quarter of FY26, posting double-digit growth across profit and revenue, even as the broader retail sector is facing margin pressures and rising operating costs.

DMart Q3 FY26 Financial Performance

For the quarter ended December 2025, DMart's consolidated net profit rose 17% year-on-year to Rs. 856 crore, compared with Rs. 733 crore in the corresponding quarter last year.

Revenue from operations climbed 13.3% year-on-year to Rs. 18,101 crore, up from Rs. 15,972 crore in Q3 FY25. Earlier, in its quarterly business update, the company had reported standalone revenue of Rs. 17,612 crore, marking a 13% year-on-year increase, broadly in line with the final reported numbers.

Operating Trends and Business Context

DMart benefits from its everyday low-cost pricing model, strong supply chain efficiencies, and focus on high-volume categories such as groceries and essential household products. However, rising input costs and competitive pricing pressures remain key factors influencing margins.

Key Management Update

Alongside the earnings announcement, the company informed exchanges that Ignatius Navil Noronha, Managing Director and CEO, will step down from his role effective January 31.

DMart Q2 FY26 Results Recap

In the previous quarter, DMart reported relatively muted profit growth. For Q2 FY26 (July-September 2025), consolidated net profit rose 3.85% year-on-year to Rs. 684.85 crore, compared with Rs. 659.44 crore in the same period last year.

Revenue from operations in Q2 FY26 increased 15.45% year-on-year to Rs. 16,676.30 crore, up from Rs. 14,444.50 crore in Q2 FY25. However, profitability was under pressure, with the PAT margin declining to 4.1% from 4.6% a year ago.

DMart Share Price Performance

Shares of the retailer chain ended Friday's trading session 0.45% higher. On a short-term basis, the stock has declined 3.92% over the past five trading sessions, while on a one-year basis, DMart shares are up 8.54%.

About DMart

DMart, operated by Avenue Supermarts Limited, is a leading Indian supermarket chain founded by Radhakishan Damani. It follows an "Everyday Low Price" model, offering groceries, household items, apparel, and personal care products across its stores. The chain started in Mumbai in 2002 and has expanded nationwide. Headquartered in Mumbai, Avenue Supermarts runs over 424 DMart stores as of mid-2025, spanning 12 states, including Maharashtra, Gujarat, Karnataka, and Tamil Nadu. It employs around 14,000 permanent staff plus many contractual workers.