Avenue Supermarts Limited (DMart) reported a 16% year-on-year rise in standalone revenue to ₹66,968.03 crore for FY26, driven by aggressive store expansion that pushed its network past the 500-store milestone. Profit After Tax (PAT) grew 10.14% to ₹3,223.93 crore, reflecting strong operational efficiency despite margin compression from new store ramp-ups. The company will hold its 26th Annual General Meeting (AGM) on August 19, 2026, to approve these financials and key governance resolutions.

Financial Performance FY26

The retailer’s consolidated revenue reached ₹68,820.74 crore, up 15.94% from ₹59,358.05 crore in FY25. Standalone EBITDA stood at ₹5,255 crore. While top-line growth was robust, net profit margins narrowed slightly to 4.81% from 5.07% in the previous year, a common trend during rapid expansion phases where initial operating losses from new outlets dilute overall profitability.

Operational Expansion

Avenue Supermarts added 85 new stores in FY26, ending the year with 500 outlets across 15 states, one Union Territory, and NCR. Total retail business area expanded 20% to 20.58 million sq. ft. Bill cuts increased to 39.8 crore from 35.3 crore, indicating higher customer footfall. However, annualised revenue per sq. ft. dipped slightly to ₹33,422 from ₹33,896, suggesting new stores are still in their initial growth phase.

Subsidiary Insights

Avenue E-Commerce Limited (AEL), which operates the DMart Ready platform, reported revenue of ₹4,093.61 crore but incurred a loss of ₹306.53 crore, highlighting the capital-intensive nature of its digital expansion. In contrast, Align Retail Trades Private Limited contributed ₹3,871.26 crore in revenue with a profit of ₹46.48 crore.

AGM and Governance

The 26th AGM is scheduled for August 19, 2026, at 11:00 AM IST via Video Conferencing. Remote e-voting will be open from August 14 to August 18, 2026, with NSDL as the e-voting agency. The cut-off date for voting entitlement is August 12, 2026. Key agenda items include the re-appointment of Mr. Bhaskaran N as Whole-time Director and approval of related-party transactions with AEL for goods sales up to ₹3,500 crore.

Anshul Asawa was appointed Managing Director & CEO effective April 1, 2026, succeeding Ignatius Navil Noronha. Ms. Kalpana Unadkat became Chairperson on the same date. No dividend was declared for FY26.

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.

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.