DMart Q1 Results: Profit Flat At Rs 773 Crore, Misses Estimates
DMart's Q1 revenue rose by 16% to Rs 16,360 crore.
DMart parent Avenue Supermarts Ltd.'s net profit was flat in the first quarter of the financial year 2025-26, thereby missing the analysts' estimates by a significant margin.
The retailer's consolidated bottom line came in at Rs 772.81 crore during the quarter under review, down marginally by 0.1% as compared to Rs 773.68 crore in the year-ago period, according to an exchange filing on Friday.
Avenue Supermarts Q1FY26 Highlights (Consolidated, YoY)
Revenue up 16.3% to Rs 16,359.7 crore versus Rs 14,069.14 crore (Bloomberg estimate: Rs 16,583 crore).
Ebitda up 6% to Rs 1,299.04 crore versus Rs 1,221.25 crore (Bloomberg estimate: Rs 1,354 crore).
Ebitda margin at 7.9% versus 8.7% (Bloomberg estimate: 8.2%).
Net profit down 0.1% to Rs 772.81 crore versus Rs 77.68 crore (Bloomberg estimate: Rs 883 crore).
"Revenue growth impact of approximately 100-150 basis points was primarily due to high deflation in many staples and non-food products," Chief Executive Officer Neville Noronha said.
Gross margins are lower as compared to the same period in the previous year, due to continued competitive intensity within the FMCG space, he added. "Operating costs are higher due to efforts on improving service levels, capacity building and inflation at entry level wages."
DMart opened nine new stores during the June quarter. The company's total store count stands at 424 as of June 30, 2025.
