DMart June-quarter profit surges 48% as revenue climbs 15%
Standalone net profit hits ₹936 cr on revenue of ₹18,343 cr; board clears ₹1,000 cr NCD enabling resolution and management reshuffle.
— 3 earlier stories on Avenue Supermarts Ltd. →What's new
- Standalone net profit jumped 48% YoY to ₹936 cr on revenue of ₹18,343 cr.
- Board approved enabling resolution for NCD issuance up to ₹1,000 cr.
- New COO Lalit Ahuja appointed; Bhaskaran N re-appointed as COO from Oct 2026.
Why this matters
Profit growth far outpaced revenue, suggesting better cost control in a competitive retail sector. The NCD quantum is tiny relative to DMart's ₹2.66 lakh crore market cap, and management changes are planned transitions. Nothing alters the investment thesis.
What we're watching
- Details of NCD issuance—tenor and coupon—when announced.
- Stock exchange clearance for promoter reclassification of Vijay Shankar Chandak.
- Any margin commentary in the upcoming concall.
The full read
DMart delivered a solid June quarter: standalone revenue up 15% to ₹18,343 cr and net profit surging 48% to ₹936 cr. Profit growth far outpaced sales, pointing to better cost control in a competitive retail landscape. Consolidated figures (₹18,795 cr revenue and ₹860 cr net profit) tell a similar story. Alongside the numbers, the board passed an enabling resolution to raise up to ₹1,000 cr via NCDs on a private placement basis, though no terms were set. That quantum is trivial for a company with ₹2.66 lakh crore market cap and zero debt. Management changes include a new COO (Lalit Ahuja) and the re-appointment of Bhaskaran N, plus a proposal to reclassify promoter Vijay Shankar Chandak to public, pending exchange clearance. All routine. A clean quarter with expected updates.
Questions answered
- What drove the sharp profit increase?
- Revenue grew 15% to ₹18,343 cr, but net profit rose 48% to ₹936 cr, indicating better cost management or improved margins. The filing does not break down the drivers.
- Is the ₹1,000 cr NCD plan material for DMart?
- No. DMart's market cap is ₹2.66 lakh crore and it has zero debt. ₹1,000 cr is less than 0.4% of its market cap, so it's a small enabling resolution likely for future flexibility.
- Why is the promoter reclassification of Vijay Shankar Chandak significant?
- Chandak is being moved from promoter group to public category. This typically reduces compliance burden and may reflect reduced control. It requires stock exchange clearance, so it's not final.
- What are the key management changes?
- Lalit Ahuja was appointed COO effective July 13, 2026. Bhaskaran N was re-appointed as whole-time director and COO from October 2026. Parvez Vandrewala was redesignated from COO to Head of Centre of Excellence from November 2026.
Avenue Supermarts Ltd.
Latest quarter · Jun 2026
Strength & growth
Story so far
All notes on DMART →- 11 Jul 2026 · 3:56 PM IST DMart June-quarter profit surges 48% as revenue climbs 15%
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