Avenue Supermarts DMart , the operator of D-Mart stores, has announced strong financial results for the third quarter of fiscal year 2025, along with a significant leadership change.

Financial Performance

The company reported a robust standalone total revenue of Rs. 15,565.00 crore for Q3FY25, representing a 17.5% year-on-year growth. The standalone profit after tax (PAT) saw an increase of 6.5%, reaching Rs. 785.00 crore. Additionally, the company's EBITDA grew by 10.2% to Rs. 1,235.00 crore.

However, despite the growth in absolute numbers, the company experienced some margin pressure:

For the nine-month period, Avenue Supermarts achieved a total revenue of Rs. 43,327.00 crore, marking a 16.7% growth compared to the same period in the previous year.

Expansion and Business Update

The company continued its expansion strategy, adding 10 new stores in Q3FY25. For the nine-month period, a total of 22 new stores were opened, indicating steady growth in the company's retail footprint.

DMart Ready, the company's home delivery business, showed strong performance with a 21.5% growth in the nine-month period.

Market Dynamics

CEO Neville Noronha commented on the market conditions, noting that there was continued discounting pressure in the FMCG category, particularly affecting metro stores. However, he observed that the impact had reduced compared to the previous quarter, suggesting a potential easing of competitive pressures.

Leadership Transition

In a significant announcement, CEO Neville Noronha revealed that he will not seek renewal of his contract when his term ends in January 2026. To ensure a smooth transition, the board has appointed Anshul Asawa as CEO Designate, effective March 15, 2025. Asawa, currently serving as the Country Head of Unilever Thailand, brings valuable FMCG industry experience to the role.

This leadership change marks a new chapter for Avenue Supermarts and will be closely watched by investors and industry observers for its potential impact on the company's future strategy and performance.

The company's ability to maintain strong revenue growth despite margin pressures and its proactive approach to leadership succession demonstrate its resilience and forward-thinking management in the competitive retail sector.

Avenue Supermarts DMart , the parent company of the popular Indian supermarket chain DMart, is actively seeking new business partnerships through its official website. The retail giant is opening doors for potential collaborations in two key areas: product supply and real estate.

Supplier Opportunities

DMart is inviting suppliers to showcase their products on its shelves across numerous locations. The company is particularly interested in quality products such as sweets, groceries, and household items. This move could potentially offer suppliers significant exposure to DMart's extensive customer base.

Real Estate Partnerships

In addition to product partnerships, DMart is also reaching out to property owners. The company is looking to lease real estate for its storage and retail operations, indicating plans for continued expansion of its physical presence.

Application Process

Interested suppliers and property owners can easily apply through the 'Partner With Us' section on DMart's official website. The application process requires providing basic details along with specific information about products or properties.

Company Background

Founded by Radhakishan Damani in 2002, DMart has built its reputation on a low-price model. The company achieves this by negotiating with suppliers for lower costs and passing these savings on to customers. This strategy has contributed to DMart's significant growth over the years.

Current Presence

DMart's operations currently span over 70 cities across 11 states in India. Its presence is particularly strong in states including Maharashtra, Gujarat, and Andhra Pradesh, among others.

This initiative for new partnerships suggests DMart's commitment to expanding its product range and geographical footprint. It also presents opportunities for businesses and property owners to align with one of India's fastest-growing retail chains.

For suppliers and property owners interested in partnering with DMart, the company's website offers a straightforward application process, potentially opening doors to a mutually beneficial business relationship.