Avenue Supermarts has raised Rs 300 crore through the allotment of commercial paper on July 6, 2026, to fund its working capital requirements. The unsecured debt instrument carries a coupon rate of 6.60% and will be listed on BSE Limited. The issuance was disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The commercial paper has a tenure of 85 days, maturing on September 29, 2026. The principal and interest payments are scheduled to be made upon maturity. The instrument has been assigned an ICRA A1+ credit rating, indicating a high degree of safety regarding timely payment of financial obligations.

The company confirmed that no special rights, interests, or privileges are attached to the instrument. Additionally, there are no records of delays in payment of interest or principal for a period exceeding three months, nor are there any pending comments from regulatory bodies regarding payment defaults.

The following table details the key parameters of the issuance:

Ashu Gupta, Company Secretary & Compliance Officer of Avenue Supermarts Dmart , signed the regulatory filing confirming the allotment.

Avenue Supermarts reported standalone revenue from operations of ₹18,343.49 crore for the quarter ended June 30, 2026, marking a 15.1% increase compared to the corresponding quarter of the previous year. The growth reflects continued expansion in the company's retail operations across India. The revenue figures are subject to limited review by the Statutory Auditors of the company. The quarterly results have drawn mixed reactions from leading global brokerages, with Goldman Sachs maintaining a cautious stance and Morgan Stanley retaining a constructive outlook on the stock.

Quarterly Revenue Performance

The retailer disclosed its operational performance for the quarter ended June 30, 2026, alongside comparative data for the past three years, underscoring a consistent upward trajectory in revenue. The following table details the standalone revenue from operations across the comparable periods:

Analyst Views

Global brokerages have weighed in on Avenue Supermarts' Q1FY27 performance with divergent ratings and target prices. The following table summarises the latest brokerage positions:

Goldman Sachs maintained its Sell rating on Avenue Supermarts with a target price of ₹4,000, noting that revenue growth in 1QFY27 slowed despite large store openings and higher FMCG inflation, with low store additions during the quarter. The brokerage identified key upside risks to its call, including faster-than-expected store expansion, a successful DMart Ready rollout, slower e-commerce adoption in the grocery segment, and a stronger recovery in middle-income discretionary demand.

Morgan Stanley, on the other hand, retained its Overweight rating with a target price of ₹5,083, despite characterising the 15% sales growth as weaker than expected following a strong fourth quarter. The brokerage flagged risks of near-term underperformance relative to peers, which sustained stronger momentum during the period. Morgan Stanley noted that margins, estimated at 8%, remain the key earnings monitor amid lower topline pressure.

Store Network

As of June 30, 2026, Avenue Supermarts operated a total of 503 stores, a key metric reflecting the company's physical presence and market reach. Notably, one store located at Sanpada, Navi Mumbai, Maharashtra, is currently closed for customers due to ongoing reconstruction activities.

Filing Details

The disclosure was submitted to BSE Limited and The National Stock Exchange of India Ltd. by Ashu Gupta, Company Secretary & Compliance Officer. The information has been made available on the company's website under the Investor Relations section.