Avenue Supermarts Q3: DMart Reports Strong Performance with 17% Profit Growth
Avenue Supermarts Ltd reported strong Q3 results with net profit rising 17% YoY to ₹856 crore and revenue growing 13.3% to ₹18,101 crore. EBITDA increased 20.2% to ₹1,463 crore with margin expansion to 8.1%. The company announced MD and CEO Ignatius Navil Noronha's term will end on January 31.

*this image is generated using AI for illustrative purposes only.
Avenue Supermarts Ltd, which operates the popular DMart retail chain, delivered a strong third-quarter performance with double-digit growth across key financial metrics. The Mumbai-headquartered retailer demonstrated robust operational efficiency and continued expansion momentum during the quarter ended December.
Financial Performance Highlights
The company's financial results for the third quarter showcased impressive growth across all major parameters. Net profit surged 17% year-on-year, while revenue from operations maintained healthy double-digit growth, reflecting the company's strong market position in the retail sector.
| Financial Metric | Q3 Current Year | Q3 Previous Year | Growth (%) |
|---|---|---|---|
| Net Profit | ₹856 crore | ₹733 crore | +17.0% |
| Revenue from Operations | ₹18,101 crore | ₹15,972 crore | +13.3% |
| EBITDA | ₹1,463 crore | ₹1,217.5 crore | +20.2% |
| EBITDA Margin | 8.1% | 7.7% | +40 bps |
Operational Efficiency and Margin Expansion
The company's operational performance showed significant improvement with EBITDA growing 20.2% year-on-year to ₹1,463 crore. More notably, the EBITDA margin expanded to 8.1% during the quarter, compared to 7.7% in the corresponding quarter of the previous financial year, indicating enhanced operational efficiency and cost management.
The standalone revenue figure of ₹17,612 crore, marking 13% year-on-year growth, further reinforced the company's consistent performance trajectory across its retail operations.
Leadership Transition Announcement
Avenue Supermarts announced a significant leadership change, with MD and CEO Ignatius Navil Noronha's term scheduled to conclude on January 31. This transition comes at a time when the company is demonstrating strong financial performance and operational momentum.
Previous Quarter Comparison
In the preceding quarter, Avenue Supermarts had reported revenue growth of 15.5% year-on-year to ₹16,676.3 crore, with profit reaching ₹685 crore, representing a 3.9% increase from the year-ago period. The current quarter's performance shows accelerated profit growth compared to the previous quarter.
Market Response
The company's shares ended the trading session on Friday with a modest gain of 0.45%, reflecting investor confidence in the retailer's consistent performance and growth trajectory in the competitive retail landscape.






































