Avenue Supermarts Ltd, which owns the retail chain DMart, reported an 11.33% year-on-year increase in its consolidated net profit to Rs 860.44 crore for the first quarter of FY 2026-27, compared to Rs 772.81 crore in the corresponding period last year.
Revenue from operations rose 14.9% to Rs 18,794.53 crore during the quarter, up from Rs 16,359.70 crore in the year-ago period. Total income, including other income, also increased 14.9% to Rs 18,820.31 crore. Meanwhile, total expenses rose 15.11% year on year to Rs 17,637.17 crore.
Sharing details on profitability, the company said, “PAT margin stood at 4.6% in Q1 FY27 as compared to 4.7% in Q1 FY26.”
Commenting on the performance of DMart’s physical retail business, Managing Director and CEO Anshul Asawa said stores that have been operational for more than two years recorded lower growth than they did in the corresponding quarter last year.
“In large metros, growth in older stores, which have significantly higher revenue per square foot, was flat this quarter, while stores in non-metros continued to grow well,” he said.
The company added three new DMart stores during the quarter, taking its total store network to 503 outlets.
Alongside its financial results, the retailer announced a restructuring of its e-commerce business by discontinuing DMart Ready operations in seven cities that made only a marginal contribution to the business.
The move is aimed at strengthening its presence in higher-performing markets as competition in India’s online grocery and quick-commerce segments continues to intensify.
Vikram Dasu, CEO of DMart Ready, said the company had shifted its focus to larger metropolitan markets after reviewing the performance of its online operations. Following the restructuring, DMart Ready now operates in 11 cities.
Bharat Tex Special Report 2026 
