DMart Q1 Net Profit Rises 12.8% to ₹936 Crore; Consolidated EBITDA at ₹15B
Avenue Supermarts DMart posted a 12.8% rise in standalone Q1FY27 net profit to ₹936 crore, with revenue growing 15.1% to ₹18,343 crore. On a consolidated basis, net profit stood at ₹8.6B rupees versus ₹7.73B rupees YoY, with EBITDA improving to ₹15B rupees and EBITDA margin at 7.98% versus 7.94%. The company expanded its store network to 503 outlets and allotted commercial papers totaling ₹1,000 crore during the quarter.
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Avenue Supermarts DMart reported a standalone net profit of ₹936 crore for the quarter ended June 30, 2026, representing a 12.8% increase from ₹830 crore in the corresponding period of the previous year. Revenue from operations grew 15.1% to ₹18,343 crore from ₹15,932 crore in Q1FY26. The company's board approved the unaudited standalone and consolidated financial results for the quarter.
Financial Performance
The standalone financial results for Q1FY27 show total income at ₹18,381.25 crore, compared to ₹15,966.25 crore in the year-ago quarter. Total expenses for the period stood at ₹17,129.25 crore. The basic earnings per share (EPS) for the quarter increased to ₹14.35 from ₹12.75 in the previous year. On a consolidated basis, the company reported a net profit of ₹8.6B rupees versus ₹7.73B rupees in the year-ago period, with revenue from operations at ₹188B rupees compared to ₹164B rupees in Q1FY26.
The following table summarises the key standalone financial metrics for the quarter:
| Metric: | Q1FY27 (₹ Cr) | Q1FY26 (₹ Cr) |
|---|---|---|
| Revenue from operations: | 18,343.49 | 15,932.12 |
| Total income: | 18,381.25 | 15,966.25 |
| Total expenses: | 17,129.25 | 14,855.00 |
| Net profit after tax: | 935.77 | 829.73 |
| Basic EPS (₹): | 14.35 | 12.75 |
Consolidated EBITDA and Margins
On a consolidated basis, Avenue Supermarts reported EBITDA of ₹15B rupees for Q1FY27, compared to ₹13B rupees in the year-ago quarter, reflecting continued operational efficiency. The consolidated EBITDA margin improved marginally to 7.98% from 7.94% year-on-year. The standalone operating margin improved to 8.3% in Q1FY27 from 8.2% in Q1FY26, while the standalone net profit margin stood at 5.1%. The debt-equity ratio was recorded at 0.10 times. The statutory auditors, S R B C & Co LLP, issued a limited review report confirming the results were prepared in accordance with Indian Accounting Standards.
The consolidated performance metrics are summarised below:
| Metric: | Q1FY27 | Q1FY26 |
|---|---|---|
| Consolidated Net Profit: | ₹8.6B rupees | ₹7.73B rupees |
| Consolidated Revenue: | ₹188B rupees | ₹164B rupees |
| Consolidated EBITDA: | ₹15B rupees | ₹13B rupees |
| Consolidated EBITDA Margin: | 7.98% | 7.94% |
Key Operational Metrics
Avenue Supermarts continued its cluster-based expansion strategy, reaching a total of 503 stores by the end of Q1FY27, including 3 new additions during the quarter. The retail business area stood at 20.7 million sq ft. Foods contributed 54.93% to revenue, while Non-Foods (FMCG) and General Merchandise & Apparel accounted for 19.60% and 25.47%, respectively.
Corporate Actions and Appointments
The Board of Directors approved the re-appointment of Mr. Bhaskaran N as Whole-time Director and Chief Operating Officer for a term commencing October 17, 2026, to May 31, 2028, subject to shareholder approval. Additionally, the board appointed Mr. Lalit Ahuja as Chief Operating Officer, effective July 13, 2026. Mr. Parvez Vandrewala will transition from Chief Operating Officer to Head - Centre of Excellence effective November 1, 2026. The board also approved the reclassification of Mr. Vijay Shankar Chandak from the Promoter Group to the Public category.
Commercial Papers Issued
During the quarter, the company allotted commercial papers totaling ₹1,000 crore. The issuances included ₹500 crore at a discount rate of 6.60% per annum maturing on June 29, 2026, ₹300 crore at 7.18% per annum maturing on September 7, 2026, and ₹200 crore at 6.70% per annum maturing on September 28, 2026. All papers carry an ICRA A1+ credit rating.
Historical Stock Returns for Avenue Supermarts DMart
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.04% | -2.53% | -0.27% | +7.36% | -2.62% | +20.83% |
How will the recent leadership changes, including the appointment of two COOs, impact DMart's operational efficiency and expansion strategy?
What are the implications of the reclassification of Mr. Vijay Shankar Chandak from the Promoter Group to the Public category for corporate governance?
How does the company plan to sustain the EBITDA margin improvement given the rising costs of commercial paper issuances?
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