DMart Net Profit Rises 4% to ₹685 Crore, Revenue Grows 15%

Avenue Supermarts Ltd, the parent company of retail chain DMart, reported a 3.85% rise in consolidated net profit for Q2FY26, reaching ₹684.85 crore, up from ₹659.44 crore in the same period last year. Revenue from operations grew 15.45% to ₹16,676.30 crore, compared with ₹14,444.50 crore in Q2FY25, while the company’s PAT margin stood at 4.1%, slightly down from 4.6% in the previous year. Total expenses rose 16% to ₹15,751.08 crore, and EBITDA for the quarter increased 11% to ₹1,213 crore, although operating profit margins slightly contracted to 7.28%. For the first half of FY26, EBITDA stood at ₹2,513 crore, with a margin of 7.6% compared to 8.1% in H1FY25.

CEO-Designate Anshul Asawa highlighted that two years and older DMart stores grew 6.8% during the quarter compared to Q2FY25, reflecting stable retail operational performance. The company also passed on the benefits of GST reforms to customers by reducing prices wherever applicable, strengthening its position as a leading retail chain in India. 

During the quarter, DMart added eight new stores, taking the total store count to 432, while ceasing DMart Ready operations in five cities. Amritsar, Belgavi, Bhilai, Chandigarh, and Ghaziabad. Additionally, the company expanded its fulfilment network by adding 10 centres in existing markets to improve delivery efficiency, especially in metro cities, according to Vikram Dasu, Whole Time Director and CEO of Avenue E-Commerce.

In terms of business segments, DMart’s revenue mix in H1 FY26 showed an increased share from the food business at 57.01% (up from 56.4%), a slight decline in FMCG sales to 19.65% from 20.15%, and general merchandise & apparel contributing 23.34%. The company continues to focus on strategic expansion, operational efficiency, and maintaining a balanced revenue portfolio. Following the earnings announcement, Avenue Supermarts shares ended 0.53% higher at ₹4,328, reflecting investor confidence in the company’s growth trajectory.

For investors and analysts, DMart’s Q2FY26 results offer several insights. The company demonstrated robust revenue growth and steady store-level performance, even as profit margins experienced minor contraction due to rising expenses. Strategic investments in fulfilment centres and selective store expansion indicate a strong focus on both offline and online channels. 

The passing of GST benefits to customers can further enhance footfall and sales, particularly during festive seasons. Overall, DMart’s diversified revenue streams, operational stability, and careful expansion strategy make it a key player to watch in the Indian retail sector, providing a reliable option for investors seeking exposure to retail growth in India.

Tags:

Avenue Supermarts Q2FY26 results, DMart net profit Q2FY26, DMart revenue growth, DMart EBITDA margin, DMart store expansion, Anshul Asawa CEO, D-Mart operational performance, retail sector India, FMCG sales India, DMart financial highlights, DMart e-commerce updates, investor insights DMart, Radhakishan Damani, DMart quarterly results, Indian retail market trends