Avenue Supermarts Limited (DMart) delivered impressive financial performance for the quarter ended December 31, 2025, alongside announcing key leadership transitions that mark a new chapter for India's leading retail chain.

Strong Financial Performance in Q3FY26

The company demonstrated robust growth across key financial metrics during the third quarter of fiscal year 2026. Revenue momentum remained strong with significant year-on-year improvements.

The company's profitability metrics showed healthy improvements, with net profit margin expanding to 5.24% in Q3FY26 compared to 5.04% in the corresponding quarter of the previous year. Operating margin also strengthened to 8.41% from 7.94% year-on-year.

Nine-Month Performance Highlights

For the nine months ended December 31, 2025, Avenue Supermarts maintained its growth trajectory with consistent performance improvements.

Leadership Transition and Management Changes

The Board of Directors approved significant organizational changes during their meeting held on January 10, 2026. Ignatius Navil Noronha's tenure as Managing Director and CEO will conclude on January 31, 2026, marking the end of his successful leadership period.

Anshul Asawa, an IIT Roorkee and IIM Lucknow alumnus, brings extensive experience from his 30-year career at Unilever, where he held leadership roles across India, Asia, and Europe. He joined DMart on March 17, 2025, and has been serving as CEO Designate.

Senior Management Restructuring

The company designated four officials as Senior Management Personnel effective February 1, 2026, reflecting organizational restructuring:

• Sachin Jaolekar - Vice President, FMCG
• Dastgir Shaikh - Vice President, General Merchandising
• Shyam Gupta - Head, Apparels
• Rushabh Ghiya - Head, Investor Relations and Chief of Staff

Operational and Financial Metrics

The company maintained strong operational efficiency with improved key ratios. Inventory turnover remained healthy at 2.84 times for the quarter, while the current ratio of 2.81 times indicates solid liquidity position. The debt-equity ratio of 0.07 times reflects the company's conservative financial structure.

Employee benefits expense increased to ₹350.41 crores in Q3FY26 from ₹265.98 crores in the previous year, reflecting business expansion and workforce growth. Finance costs rose to ₹33.79 crores compared to ₹15.19 crores year-on-year, primarily due to increased business operations.

Consolidated Results Overview

On a consolidated basis, the company reported revenue from operations of ₹18,100.88 crores for Q3FY26, representing growth from ₹15,972.55 crores in the corresponding previous quarter. Consolidated net profit after tax reached ₹855.78 crores compared to ₹723.54 crores in Q3FY25.

The financial results were approved by the Board of Directors and have undergone limited review by S R B C & Co LLP, the company's statutory auditors, in accordance with regulatory requirements.

Avenue Supermarts Limited has delivered strong financial performance in the third quarter of FY26, demonstrating continued growth momentum in India's retail sector. The company reported robust revenue growth and improved profitability metrics, while simultaneously announcing a significant leadership transition that will shape its future direction.

Financial Performance Highlights

The company's standalone financial results for Q3FY26 showed impressive growth across key metrics. Revenue performance and profitability improvements reflect the company's strong operational execution during the quarter.

Nine-Month Performance

For the nine months ended December 31, 2025, the company maintained strong growth trajectory with revenue from operations reaching ₹49,763.53 crores, representing a 14.9% increase from ₹43,327.42 crores in the corresponding period last year. Net profit for the nine-month period stood at ₹2,499.33 crores compared to ₹2,307.47 crores in the previous year, marking an 8.3% growth.

Key Financial Ratios

The company's financial health indicators remained robust during the quarter:

Leadership Transition

The Board of Directors announced a significant leadership change with the appointment of Anshul Asawa as the new Chief Executive Officer effective February 1, 2026, and as Managing Director for a three-year term starting April 1, 2026. This appointment is subject to shareholder approval. Asawa, an IIT Roorkee and IIM Lucknow alumnus, joined the company in March 2025 after a 30-year career at Unilever, where he held leadership roles across India, Asia, and Europe.

Ignatius Navil Noronha will conclude his tenure as Managing Director and CEO on January 31, 2026. The Board acknowledged his valuable contributions during his tenure with the company.

Organizational Restructuring

As part of the leadership transition, the company designated four officials as Senior Management Personnel effective February 1, 2026:

• Sachin Jaolekar, Vice President - FMCG
• Dastgir Shaikh, Vice President - General Merchandising
• Shyam Gupta, Head - Apparels
• Rushabh Ghiya, Head - Investor Relations and Chief of Staff

The quarterly results demonstrate Avenue Supermarts' continued ability to deliver consistent growth while successfully managing operational transitions. The company's strong financial metrics and strategic leadership appointments position it well for sustained performance in the competitive retail landscape.