Avenue Supermarts Ltd, which operates the D-Mart network, has reported a 19.17% year-on-year increase in consolidated net profit at ₹656.42 crore for the March quarter of FY26.
The company had recorded a net profit of ₹550.79 crore in the corresponding quarter last year, reflecting strong growth driven by expansion and steady consumer demand.
Revenue sees robust growth
Revenue from operations rose 18.9% to ₹17,683.86 crore during the quarter, compared to ₹14,871.86 crore in the same period last fiscal.
Total income, including other income, stood at ₹17,702.03 crore, marking an 18.83% increase. The company maintained a stable profit-after-tax (PAT) margin of 3.7%, unchanged from Q4 FY25.
Total expenses during the quarter increased by 18.5% to ₹16,797.86 crore, largely in line with revenue growth.
Full-year performance remains strong
For the entire financial year FY26, Avenue Supermarts posted a consolidated net profit of ₹2,969.86 crore, up 9.7% compared to the previous year.
Total consolidated income for the year rose 15.8% to ₹68,894.84 crore, indicating consistent growth across operations.
Store expansion drives growth
Managing Director and CEO Anshul Asawa stated that gross margins saw slight improvement, while costs remained aligned with business expansion.
The company continued its aggressive expansion strategy, opening 58 new stores during the quarter and crossing the milestone of 500 D-Mart outlets across India.
Older stores, defined as those operating for over two years, recorded growth of 10.8% in Q4 FY26, compared to 8.1% growth in the same quarter last year.
Consumer trends and market conditions
The company noted that geopolitical tensions led to a temporary spike in consumer buying during March 2026, which later normalised. Despite global uncertainties, the business did not face significant supply chain disruptions.
D-Mart’s value retail model, focused on essential household and personal products, continues to attract consumers across multiple states.
Online business update
On the digital front, D-Mart Ready, the company’s e-commerce platform, made some adjustments to its operations. CEO Vikram Dasu said the platform discontinued services in one city during the quarter.
As of March 31, 2026, D-Mart Ready operates in 18 cities, reflecting a more focused approach to online retail.
Presence across India
Promoted by Radhakishan Damani and his family, D-Mart has a strong presence across key markets including Maharashtra, Gujarat, Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, and the National Capital Region.
Conclusion
Avenue Supermarts’ Q4 performance highlights steady growth driven by store expansion, stable margins, and resilient consumer demand. With its milestone of 500 stores and continued focus on efficiency, the company remains a key player in India’s organised retail sector.