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Earnings Call Transcript

Avenue Supermarts Earnings Call Transcript: Key Takeaways

Avenue Supermarts reported FY26 revenue of INR 67,000 crores with a 16% YoY growth. Strategy focuses on 15% annual store expansion and doubling down on DMart Ready in 11 key cities.

Highlights
Revenue growth16% YoY for FY26.
MarginsEBITDA margin stable at ~7.8%; gross margins 14-15%.
Demand visibilityStrong pipeline for new store openings.
Management confidenceHigh on business moat and everyday low-cost model.

Growth

Sales grew 16% YoY; PAT reached INR 3,224 Cr (10% consol growth). Like-for-like store growth was 8.1%.

Outlook

Internal benchmark of 15% annual store base expansion; investing in management bandwidth and modernizing technology stack.

Risks

Competition from quick commerce impacting metro store SSSG; saturation in older, high-density urban stores; rising employee costs.

Last quarter's promises, checked

Delivered

  • Targeted 10-15% store expansion → delivered 17% (= BEAT)
  • Targeted >50 store openings → delivered 85 (= BEAT)
  • Guided 21-22% DMart Ready growth → delivered 17% (= PARTIAL)

Partly delivered

  • Guided EBITDA margin 7.9% → delivered 7.8% (= PARTIAL)

Missed

  • Guided 8.4% LFL growth → delivered 8.1% (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: DMART. Summary written with AI assistance from the document.

Read the document ↗

Avenue Supermarts Ltd: key numbers

Share price
₹3,834.20
Market cap
₹2,50,084 Cr
Revenue (annual)
₹68,821 Cr
Net profit (annual)
₹2,970 Cr
P/E (TTM)
81.8×Sector 67.6×
Promoter holding
74.48%-0.03% QoQ
FII holding
9.22%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:01 IST BSE
Capacity Expansion

Avenue Supermarts Capacity Expansion

Avenue Supermarts Limited has opened three new stores in Nagpur, Balachaur, and Bengaluru. This expansion brings the company's total store count to 518.

new stores
3.0 stores
17:00 IST BSE
Business Update

Avenue Supermarts Business Update

Avenue Supermarts Limited has opened a new store in Parbhani, Maharashtra. This brings the total number of its retail stores to 513.

new store
1.0 stores
15:57 IST BSE
Capacity Expansion

Avenue Supermarts Capacity Expansion

DMART opened a new store at Narayanpur, Dharwad (Karnataka). Total store count now stands at 510.

new retail store
1 stores
16:05 IST BSE
Other Announcement

Avenue Supermarts Other Announcement

Avenue Supermarts Ltd disclosed that a Designated Person sold 410 equity shares, valued at approximately ₹0.15 Crore.

Value
₹0.15 Cr
13:08 IST NSE
Promoter Reclassification

Avenue Supermarts Promoter Reclassification

DMART received BSE and NSE no-objection letters approving reclassification of Vijay Shankar Chandak from Promoter Group to Public category under Reg 31A.

16:24 IST BSE
Other Announcement

Avenue Supermarts Other Announcement

Designated person Arvind Ayachit sold 180 equity shares of Avenue Supermarts Ltd worth Rs. 6.85 Lakhs.

Value
₹0.07 Cr