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Quarterly Results

DMART · Avenue Supermarts Limited · BSE · Filed 10 Oct · 1 min read

DMart Q2FY27 revenue up 18.4%, profit up 7.6% as margins ease

Avenue Supermarts reported standalone Q2FY27 revenue of Rs.19,206 crore and PAT of Rs.804 crore, adding 15 stores during the quarter.

What was filed

Avenue Supermarts, which owns and operates the D-Mart retail chain, declared its standalone and consolidated results for the quarter and half year ended 30 September 2026 via a press release filed with the exchanges on 10 October 2026. The company added 15 new stores during Q2FY27, taking its total store count to 518, with a retail business area of 21.4 million sq. ft. across 17 states and union territories.

Revenue outpacing profit

On a standalone basis, revenue grew faster than profit at both the quarterly and half-year levels. EBITDA margin eased to 7.3% in Q2FY27 from 7.6% a year earlier, and PAT margin narrowed to 4.2% from 4.6%. Management attributed a marginal increase in operating expenses to entry-level wage inflation, while describing its pricing proposition as remaining strong in an inflationary environment. Per MD & CEO Anshul Asawa's comments in the release, two-years-and-older DMart stores grew 9.5% during Q2FY27 versus 6.8% in Q2FY26.

Standalone versus consolidated

On a consolidated basis — which includes the DMart Ready e-commerce business — Q2FY27 revenue stood at Rs.19,644 crore and net profit at Rs.743 crore, with margins slightly below the standalone figures. The e-commerce CEO's commentary in the filing described a focus on operational efficiencies and customer experience within existing cities, without disclosing separate e-commerce financials.

Standalone total revenue (Q2FY26)
Rs.16,219 → Rs.19,206 crQ2 FY26 → Q2 FY27+18%‡
Standalone EBITDA (Q2FY26)
Rs.1,230 → Rs.1,403 crQ2 FY26 → Q2 FY27+14%‡
Standalone PAT (Q2FY26)
Rs.747 → Rs.804 crQ2 FY26 → Q2 FY27+8%‡
Basic EPS (Q2FY26)
Rs.11.47 → Rs.12.32Q2 FY26 → Q2 FY27+7%‡
Standalone revenue (H1FY26)
Rs.32,151 → Rs.37,550 crH1FY2025-26 → H1FY2026-27+17%‡
Standalone PAT (H1FY26)
Rs.1,576 → Rs.1,739 crH1FY2025-26 → H1FY2026-27+10%‡
Net margin ‡
4.6% → 4.2%Q2 FY26 → Q2 FY27held ~4%
Consolidated revenue (Q2FY27)
Rs.19,644 crore
Consolidated PAT (Q2FY27)
Rs.743 crore
Stores added (Q2FY27)
15
Total store count
518 stores

‡ Computed by us from the filing’s own figures — not a company-stated number.

The results give holders a current read on DMart's growth and margin trajectory: revenue growth outpaced profit growth in the quarter as both EBITDA and PAT margins eased year-on-year, which the company linked partly to entry-level wage inflation. The store count and like-for-like growth figures indicate the pace of physical expansion.

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