Avenue Supermarts DMart will hold its 26th Annual General Meeting (AGM) on Wednesday, August 19, 2026, at 11:00 AM IST via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting allows shareholders to transact business remotely in compliance with the Companies Act, 2013, and SEBI Listing Regulations, ensuring accessibility for all members regardless of location.

The Company Secretary & Compliance Officer, Ashu Gupta, confirmed the schedule in a filing dated July 24, 2026, submitted to BSE Limited and the National Stock Exchange of India Ltd. The notice was published in Financial Express and Navshakti newspapers on July 24, 2026. This procedural step ensures regulatory transparency under Regulation 30 read with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Dates for Shareholders

Shareholders must adhere to specific timelines to exercise their voting rights. The cut-off date for eligibility is Wednesday, August 12, 2026. Only individuals recorded in the Register of Members or Register of Beneficial Owners on this date are entitled to vote.

E-Voting Process and Restrictions

Pursuant to Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014, Avenue Supermarts Limited is facilitating electronic voting through NSDL at www.evoting.nsdl.com . Members may cast votes on all resolutions set forth in the AGM Notice during the remote e-voting period. Once a vote is cast, it cannot be changed subsequently.

Members who have already voted via remote e-voting may attend the AGM but are not entitled to cast their vote again at the meeting. Conversely, members attending the AGM through VC/OAVM who have not voted remotely may cast their votes electronically during the meeting.

Accessing Annual Report and Registration

The Notice of the AGM along with the Annual Report 2025-26 was sent electronically on July 23, 2026, to members with registered email addresses. For those without registered emails, the company is sending a letter with a web link to access these documents, complying with Regulation 36(1)(b) of the SEBI Listing Regulations.

Shareholders holding shares in physical mode who have not registered or updated their email addresses are requested to submit details in Form ISR-1 to MUFG Intime India Private Limited (formerly Link Intime India Private Limited), the Registrar and Share Transfer Agent. Demat shareholders must register their email addresses with their Depository Participants. Forms can be downloaded from the company’s investor relationship website.

Contact Information

For queries regarding e-voting, members may refer to the FAQs and user manual available at www.evoting.nsdl.com . Assistance is also available from Amit Vishal, Vice President - NSDL, or Prajakta Pawle, Executive - NSDL, at evoting@nsdl.com or 022 - 4886 7000.

Avenue Supermarts Limited reported a 15.9% year-on-year increase in standalone revenue from operations to ₹66,968 crore for the fiscal year ended March 2026 (FY26), reflecting continued expansion and resilient consumer demand. The company’s net profit after tax (PAT) grew 10.1% to ₹3,224 crore, though margins faced slight pressure due to higher employee expenses and finance costs associated with its aggressive store rollout strategy.

The investor presentation, submitted to BSE Limited and National Stock Exchange of India Ltd. on July 24, 2026, highlights that revenue growth was supported by an addition of 85 new stores in FY26, bringing the total store count to 500. Like-for-like (LFL) growth, measured over 24 months, remained steady at 8.1%, indicating sustained traffic and basket size stability across mature stores. The presentation also notes that the Sanpada store in Navi Mumbai is currently closed for reconstruction but is included in the total store count.

Financial Performance

Standalone gross margins expanded by 16 basis points to 14.30% in FY26, up from 14.14% in FY25, demonstrating effective pricing power and category management. However, employee expenses rose sharply by 33.5% to ₹1,352 crore, increasing their share of total income by 27 basis points to 2.02%. Other operating expenses grew 13.4% to ₹2,969 crore, slightly reducing their percentage of total income by 9 basis points.

Consolidated revenue from operations reached ₹68,821 crore, up 15.9% from ₹59,358 crore in FY25. Consolidated PAT rose 9.7% to ₹2,970 crore. The consolidated EBITDA margin contracted by 2 basis points to 7.54%, reflecting the impact of lower-margin subsidiaries on the overall group performance.

Operational Metrics and Balance Sheet

The retail business area expanded significantly to 20.6 million square feet at the end of FY26, up from 17.2 million square feet in FY25. Revenue per square foot decreased slightly to ₹33,422 from ₹33,896 in the prior year, suggesting that new stores are still ramping up productivity. Days inventory increased to 33.2 days from 31.4 days, while days payables remained stable at 7.2 days, indicating a minor shift in working capital management.

Total debt surged to ₹2,267 crore in FY26 from ₹693 crore in FY25, primarily driven by lease liabilities under Ind AS 116 as the company expanded its physical footprint. Despite the rise in debt, the debt-to-equity ratio remained low at 0.09, supported by equity growing to ₹25,520 crore. Return on capital employed stood at 17.1%, down from 17.8% in FY25, while return on net worth was 13.5%.

What the Numbers Show

The divergence between robust top-line growth and contracting PAT margins highlights the capital-intensive nature of Avenue Supermarts’ current expansion phase. While gross margins improved, the 33.5% surge in employee expenses outpaced revenue growth, signaling rising operational costs in managing a larger workforce. Additionally, the sharp rise in finance costs (125% YoY) mirrors the increase in lease liabilities, confirming that debt is being utilized primarily for store acquisitions rather than working capital. Investors should monitor whether LFL growth can accelerate as new stores mature, which would be critical for margin recovery in subsequent quarters.