New Delhi, January 11: Avenue Supermarts, the operator of the DMart retail chain, reported a strong set of earnings for the October to December quarter of FY26, with consolidated net profit rising 18.3% year-on-year to INR 856 crore. The company had posted a profit of INR 724 crore in the same quarter last year, according to its exchange filing on Saturday.

On a standalone basis, net profit stood at INR 923.05 crore for the quarter ended December 31, marking a 17.6% increase from INR 784.65 crore a year ago. Revenue from operations grew 13.3% to INR 18,100.88 crore, compared with INR 15,972.55 crore in the corresponding period last year. Why Is the Stock Market Down Today?

Total expenses during the quarter rose 12.9% year-on-year to INR 16,942.62 crore, reflecting higher operating and expansion-related costs. Earnings per share for Q3 FY26 increased to INR 13.15 from INR 11.12 in Q3 FY25. Stock Market Today: Sensex, Nifty End Lower Over Global Uncertainties and Foreign Outflows.

The Mumbai-based retailer added 10 new stores during the December quarter, taking its total store count to 442 across India. A key highlight was the revival in growth from older stores. “Our revenue for the quarter grew by 13.2% and profit after tax grew by 17.6% over the previous year. Two-year-old DMart stores grew by 5.6% in Q3 FY26 compared to Q3 FY25,” said CEO Anshul Asawa.

Food and grocery continued to dominate the sales mix, contributing 57.19% of total revenue, followed by general merchandise and apparel at 22.98%, and non-food FMCG at 19.83%. Asawa noted that revenue growth was partially impacted due to deflation in staple categories. The company reiterated its focus on the everyday low cost model but did not provide forward-looking guidance.

On the stock market front, Avenue Supermarts shares closed 0.43% higher at INR 3,805.10 on Friday. The results were announced after market hours on Saturday.

The quarter also marked a leadership transition, with Anshul Asawa succeeding long-serving executive Neville Noronha. The company announced a streamlined senior management structure effective February 1, 2026, reducing the leadership team to four members, marking the second major reporting structure change since its 2017 listing.

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