Avenue Supermarts DMart , the operator of DMart retail stores, has reported a strong financial performance for the second quarter. The company's standalone revenue from operations witnessed a significant 15.4% year-over-year growth, reaching ₹16,218.79 crore, compared to ₹14,050.32 crore in the corresponding quarter of the previous fiscal year.

Quarterly Performance Highlights

Revenue Growth

• Q2 Revenue: ₹16,218.79 crore
• Year-over-Year Growth: 15.4%
• Previous Year Q2 Revenue: ₹14,050.32 crore

Q1 Performance

• Q1 Revenue: ₹15,932.12 crore
• Year-over-Year Growth: 16.2%
• Previous Year Q1 Revenue: ₹13,711.87 crore

Expansion and Store Count

• Total store count as of September 30: 432
• One store in Sanpada, Navi Mumbai, Maharashtra, temporarily closed for reconstruction
• Six net new stores added in the first quarter, including an opening in Agra

Market Performance

• Closing share price: ₹4,420.00
• BSE performance: Down 0.66%

Avenue Supermarts DMart's consistent year-over-year growth showcases its ability to expand operations and capture a larger market share in the competitive Indian retail landscape. The company's ongoing expansion of its store network aligns with its strategy for geographical expansion and increased market penetration.

Avenue Supermarts , the parent company of DMart retail chain, has successfully completed the redemption of its commercial paper worth Rs. 200 crores. The company announced the full redemption on the scheduled maturity date, demonstrating its commitment to timely debt servicing and regulatory compliance.

Commercial Paper Details

Redemption Process

The company informed both BSE Limited and National Stock Exchange through a regulatory filing under SEBI Regulation 30. The redemption was completed as per the original terms, with maturity proceeds paid in full to all commercial paper holders on December 24, 2025.

The commercial paper, which carried an unsecured structure with ICRA A1+ rating, was fully redeemed without any partial redemption or early call options being exercised. This reflects the company's strong financial position and ability to honor its debt obligations as scheduled.

Regulatory Compliance

Avenue Supermarts filed the redemption details in accordance with SEBI Master Circular and BSE's FAQ guidelines for listing of commercial papers. The company's compliance with regulatory requirements demonstrates its commitment to transparency and proper corporate governance practices.

Market Implications

The successful completion of this commercial paper cycle reinforces Avenue Supermarts' creditworthiness in the debt market. The timely redemption at maturity, combined with the competitive 6.00% coupon rate offered during the 82-day tenure, showcases the company's efficient debt management capabilities.

For investors, the full redemption provides confidence in the company's financial stability and its ability to meet short-term obligations. This successful debt cycle may enhance the company's reputation among institutional investors for future commercial paper issuances.

The completion of this Rs. 200 crore commercial paper redemption marks another milestone in Avenue Supermarts' financial management strategy, supporting its operations in the competitive retail sector while maintaining strong investor relations.