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.

Avenue Supermarts is considering raising funds through the private placement of debt securities, according to available information. The retail company, which operates the widely recognized D-Mart chain of stores, is evaluating this capital-raising avenue as part of its financial planning.

Proposed Fund Raise

The company may opt for the private placement route to issue debt securities, a mechanism commonly used by corporates to raise capital from a select group of institutional or qualified investors outside of a public offering. Private placement of debt securities is a regulated process under applicable market guidelines and typically involves instruments such as non-convertible debentures or bonds.

Key Considerations

• The company has indicated it may raise funds through this route, suggesting the decision is under consideration and not yet finalized.
• No specific details regarding the quantum of funds, tenor, coupon rate, or timeline have been disclosed in the available information.
• Private placement of debt securities is subject to regulatory approvals and compliance requirements as applicable.

As further details emerge regarding the structure, size, and purpose of the proposed fund raise, stakeholders and investors will be closely watching for official disclosures from Avenue Supermarts.