Avenue Supermarts DMart files FY26 sustainability report with key ESG metrics

3 min read     Updated on 23 Jul 2026, 08:05 PM
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Avenue Supermarts Limited’s FY26 BRSR reveals enhanced sustainability metrics, including a 54.5 MW solar capacity and 99% waste recovery. Energy and carbon intensities declined, reflecting operational efficiencies. Independent assurance by Grant Thornton validates the reported data.

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Avenue Supermarts Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 2026 to the Bombay Stock Exchange and National Stock Exchange on July 23, 2026. The filing, mandated under Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company’s performance across environmental, social, and governance parameters. Grant Thornton Bharat LLP provided independent reasonable assurance on the identified sustainability information, confirming that the data was prepared in all material respects in accordance with the specified criteria.

The report covers standalone operations of Avenue Supermarts Limited, excluding subsidiaries, across 500 stores, 90 offices, and distribution centers in India. Key financial metrics disclosed include a turnover of ₹66,968 crore and a net worth of ₹25,520 crore. The company’s paid-up capital stands at ₹651.96 crore. CSR provisions under Section 135 of the Companies Act, 2013 remain applicable.

Environmental Performance

Avenue Supermarts reported significant progress in renewable energy adoption and waste management during FY26. The company commissioned 54 new solar plants, bringing its total installed capacity to 54.5 MW across 308 locations. Solar energy now meets 24.5% of the total energy requirement at these premises, up from 23.4% in the previous year. This initiative avoided approximately 41,268 metric tonnes of CO2 equivalent emissions.

Total energy consumption stood at 1,434,297 Giga Joules, with energy intensity decreasing to 21.4 GJ per rupee of turnover from 22.2 in FY25. Scope 1 and Scope 2 greenhouse gas emissions totaled 2,34,713 metric tonnes of CO2 equivalent, resulting in an emission intensity of 3.5 MT CO2 per crore rupee of turnover, down from 3.8 in the prior year.

Environmental Metric FY26 FY25
Total Energy Consumption (GJ) 1,434,297 12,80,366
Renewable Energy Share (%) 14.6% 13.4%
GHG Emissions (Scope 1+2) (MT CO2e) 2,34,713 2,20,396
Waste Recycled/Recovered (MT) 94,057 81,625
Water Consumption Intensity (KL/₹Cr) 22.6 25.0

Waste management efforts resulted in 94,057 metric tonnes of waste being recycled or recovered through authorized channels, accounting for nearly 99% of the total 95,427 metric tonnes generated. The company installed hydraulic baling machines at 499 locations to optimize plastic waste compaction and reduce transportation emissions.

Social and Governance Highlights

The company employed 96,571 individuals as of March 31, 2026, comprising 20,994 permanent and 75,577 other-than-permanent employees. Women constituted 41.0% of the total workforce. Training coverage exceeded 100% for both health and safety (145%) and skill upgradation (129%), driven by high attrition among storefront staff requiring retraining.

Safety metrics showed a Lost Time Injury Frequency Rate (LTIFR) of 0.58 per million person-hours worked, compared to 0.49 in FY25. There were no fatalities or high-consequence injuries reported. The company maintained 100% coverage for health and accident insurance for all permanent employees.

Governance structures include a Business Responsibility Head overseeing policy implementation, with annual reviews by senior management. The Board of Directors includes 38% female representation. No material fines or penalties were paid to regulators during the year, although minor compliance issues related to air quality management at construction sites were addressed with subsequent corrective actions.

What the Numbers Show

The reduction in energy intensity from 22.2 to 21.4 GJ per rupee of turnover, despite a rise in total energy consumption, indicates improved operational efficiency relative to revenue growth. The substantial increase in solar capacity (from 41.2 MW to 54.5 MW) directly contributed to lowering the carbon footprint, evidenced by the drop in GHG intensity from 3.8 to 3.5 MT CO2 per crore rupee of turnover. Furthermore, the near-total recycling rate of waste underscores the effectiveness of the company’s circular economy initiatives in its retail operations.

Historical Stock Returns for Avenue Supermarts DMart

1 Day5 Days1 Month6 Months1 Year5 Years
+0.86%+2.69%-6.83%+8.35%+0.04%+18.77%

How might Avenue Supermarts' accelerated solar capacity expansion impact its long-term energy cost structure and competitive margin against non-renewable reliant competitors?

What are the potential implications of the slight increase in Lost Time Injury Frequency Rate (LTIFR) on the company's operational continuity and insurance premiums in the coming fiscal year?

Will the company's high waste recycling rate and circular economy initiatives attract new ESG-focused institutional investors, potentially lowering its cost of capital?

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Avenue Supermarts Files FY26 Annual Report; Revenue Rises 16% to ₹66,968 Crore

5 min read     Updated on 23 Jul 2026, 07:55 PM
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Avenue Supermarts delivered strong FY26 results with standalone revenue of ₹66,968.03 crore and PAT of ₹3,223.93 crore, adding 85 stores to reach 500 total. The 26th AGM is scheduled for August 19, 2026, with key agenda items including director re-appointments and material related party transaction approvals with subsidiary Avenue E-Commerce Limited.

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Avenue Supermarts Limited (DMart) has released its Annual Report for FY 2025-26 along with the Notice convening its 26th Annual General Meeting (AGM), scheduled for Wednesday, August 19, 2026, at 11:00 AM IST via Video Conferencing or Other Audio-Visual Means. The company delivered a landmark year operationally, crossing 500 stores and recording strong growth across key financial metrics on both standalone and consolidated bases.

Key Financial Highlights FY 2025-26

The company's standalone revenue from operations grew 16% year-on-year to ₹66,968.03 crore, while consolidated revenue reached ₹68,820.74 crore. Standalone Profit After Tax (PAT) rose 10.14% to ₹3,223.93 crore, and consolidated PAT stood at ₹2,969.86 crore. EBITDA on a standalone basis came in at ₹5,255 crore.

The following table summarises the standalone and consolidated financial performance:

Metric: Standalone FY26 Standalone FY25 Change (%) Consolidated FY26 Consolidated FY25 Change (%)
Revenue from Operations: ₹66,968.03 cr ₹57,789.81 cr +15.88% ₹68,820.74 cr ₹59,358.05 cr +15.94%
Profit Before Tax: ₹4,318.50 cr ₹3,883.17 cr +11.21% ₹4,081.62 cr ₹3,672.67 cr +11.13%
Profit After Tax: ₹3,223.93 cr ₹2,927.18 cr +10.14% ₹2,969.86 cr ₹2,707.45 cr +9.69%
EPS – Basic (₹): ₹49.54 ₹44.98 +10.14% ₹45.65 ₹41.61 +9.71%
EPS – Diluted (₹): ₹49.52 ₹44.87 +10.36% ₹45.63 ₹41.50 +9.95%

Operational Performance

Avenue Supermarts added 85 new stores during FY 2025-26, ending the year with 500 stores — a landmark milestone — spread across 15 states, 1 Union Territory, and NCR. Total retail business area expanded 20% year-on-year to 20.58 million sq. ft. The company recorded 39.8 crore bill cuts during the year, up from 35.3 crore in the previous year. Annualised revenue per retail business area sq. ft. stood at ₹33,422 in FY 2025-26 compared to ₹33,896 in FY 2024-25.

Operational Metric: FY 2025-26 FY 2024-25
Number of Stores: 500 415
Retail Business Area: 20.58 mn sq. ft. 17.20 mn sq. ft.
New Stores Added: 85
Total Bill Cuts: 39.8 crore 35.3 crore
Revenue per sq. ft. (annualised): ₹33,422 ₹33,896
Distribution Centres: 84
Packing Centres: 12

The company's product mix remained stable, with Foods contributing 57.90% of revenue, Non-Foods (FMCG) at 19.82%, and General Merchandise & Apparel at 22.28% in FY 2025-26.

Key Financial Ratios

The following table presents key financial ratios for FY 2025-26 versus FY 2024-25:

Ratio: FY 2025-26 FY 2024-25
Operating Profit Margin (%): 6.64% 6.82%
Net Profit Margin (%): 4.81% 5.07%
Interest Coverage Ratio: 34.24 68.24
Debtors Turnover: 148.67 121.84
Inventory Turnover (based on sales): 11.00 13.60
Current Ratio: 2.01 3.02
Debt Equity Ratio: 0.09 0.03
Return on Net Worth: 13.50% 14.10%

Subsidiary Performance

Avenue Supermarts has five subsidiaries as of March 31, 2026. Align Retail Trades Private Limited (ARTPL) reported revenue from operations of ₹3,871.26 crore and net profit after tax of ₹46.48 crore for FY 2025-26. Avenue Food Plaza Private Limited (AFPPL) reported revenue of ₹306.90 crore and profit after tax of ₹9.39 crore. Avenue E-Commerce Limited (AEL), which operates the DMart Ready online platform across 18 cities, reported revenue of ₹4,093.61 crore but registered a loss of ₹306.53 crore. Reflect Healthcare and Retail Private Limited reported revenue of ₹25.57 crore with a loss of ₹4.90 crore. Nahar Seth & Jogani Developers Private Limited reported revenue of ₹0.83 crore and net profit of ₹0.74 crore.

Subsidiary: Revenue FY26 PAT FY26
Align Retail Trades Pvt. Ltd.: ₹3,871.26 cr ₹46.48 cr
Avenue Food Plaza Pvt. Ltd.: ₹306.90 cr ₹9.39 cr
Avenue E-Commerce Ltd.: ₹4,093.61 cr ₹(306.53) cr
Reflect Healthcare and Retail Pvt. Ltd.: ₹25.57 cr ₹(4.90) cr
Nahar Seth & Jogani Developers Pvt. Ltd.: ₹0.83 cr ₹0.74 cr

Credit Ratings and Share Capital

CRISIL Ratings reaffirmed its CRISIL AAA/Stable rating on bank loan facilities of ₹500 crore. ICRA Ratings assigned an [ICRA] A1+ rating on Commercial Paper, with the limit enhanced from ₹300 crore to ₹500 crore. During FY 2025-26, the company allotted 12,26,055 equity shares under its ESOP Scheme 2016 at an exercise price of ₹299 per share, increasing paid-up share capital to ₹651.96 crore comprising 65,19,59,123 equity shares of ₹10 each. No dividend was declared for the financial year.

26th AGM and Key Agenda Items

The 26th AGM will be held on August 19, 2026, at 11:00 AM IST via video conferencing. The AGM Notice, dispatched electronically, was published in Financial Express and Navshakti. Remote e-voting is available from August 14, 2026 (9:00 AM IST) to August 18, 2026 (5:00 PM IST), with NSDL as the e-voting agency. The cut-off date for voting entitlement is August 12, 2026.

AGM Detail: Information
Meeting Date: August 19, 2026
Time: 11:00 AM IST
Mode: Video Conferencing / Other Audio Visual Means
Financial Year: 2025-26
E-Voting Period: August 14–18, 2026
Cut-off Date: August 12, 2026
Registrar: MUFG Intime India Private Limited

Key agenda items include adoption of standalone and consolidated financial statements, re-appointment of Mr. Bhaskaran N and Mr. Elvin Machado as directors liable to retire by rotation, renewal of commission payment to Independent Directors for five years from April 1, 2027, re-appointment of Mr. Bhaskaran N as Whole-time Director for the period October 17, 2026 to May 31, 2028, and approval of material related party transactions with Avenue E-Commerce Limited including sale of goods up to ₹3,500 crore, further investment in AEL's share capital up to ₹500 crore, and management support services up to ₹6 crore per annum.

Leadership and Sustainability

Anshul Asawa was appointed as Managing Director & CEO with effect from April 1, 2026, succeeding Ignatius Navil Noronha who completed his tenure on January 31, 2026. Ms. Kalpana Unadkat was appointed Chairperson of the Board with effect from April 1, 2026. On the sustainability front, the company certified 301 green buildings across its retail network and commissioned 54 solar plants during FY 2025-26 with a capacity of 13.3 MW, taking the total to 308 solar plants with a cumulative capacity of 54.5 MW. Solar energy met 24.5% of total energy requirements at these premises. The company's CSR expenditure for FY 2025-26 amounted to ₹53.63 crore, positively impacting over 143,000 students across more than 460 government and municipal schools.

Historical Stock Returns for Avenue Supermarts DMart

1 Day5 Days1 Month6 Months1 Year5 Years
+0.86%+2.69%-6.83%+8.35%+0.04%+18.77%

How will the leadership transition to Anshul Asawa impact DMart's aggressive expansion strategy and operational efficiency in the coming fiscal year?

Given Avenue E-Commerce's significant losses despite high revenue, what specific turnaround strategies is management implementing to achieve profitability for the DMart Ready platform?

With revenue per square foot declining slightly from ₹33,896 to ₹33,422, what factors are driving this dip, and how does it affect the viability of future store expansions?

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