Radhakishan Damani-promoted Avenue Supermarts Limited, the operator of the retail chain DMart, on Saturday reported an 18.27% year-on-year (YoY) increase in consolidated net profit for the third quarter ended December 31, 2025. The company’s net profit stood at ₹855.78 crore, up from ₹723.54 crore in the corresponding quarter of the previous fiscal.

Q3 FY26 financial performance

The retail giant’s revenue from operations grew by 13.32% to reach ₹18,100.88 crore, compared to ₹15,972.55 crore in the year-ago period. Total income for the quarter, including other income, was reported at ₹18,117.81 crore, a growth of 13.25%.

The consolidated PAT (Profit After Tax) margin stood at 4.73% in Q3 FY26, compared to 4.53% in Q3 FY25. Total expenses for the quarter rose by approximately 13% to ₹16,942.62 crore, primarily driven by a surge in purchases of stock-in-trade.

The company reported a consolidated EBITDA of ₹1,462.56 crore for the December quarter, a 20% increase over the ₹1,217.43 crore reported in Q3 FY25.

Basic earnings per share (EPS) for the quarter stood at ₹13.15, up from ₹11.12 a year ago.

Leadership succession

The board of directors of Avenue Supermarts Limited has approved the appointment of Anshul Asawa as the next chief executive officer (CEO). Asawa, who is currently the CEO-designate, will assume the role of CEO and Key Managerial Personnel starting February 1, 2026.

Furthermore, the board has approved his appointment as managing director for a three-year term effective April 1, 2026, subject to shareholder approval. Asawa joined DMart as CEO-Designate last year following a high-profile exit from Hindustan Unilever Limited.

The transition follows the conclusion of Ignatius Navil Noronha’s tenure. Noronha will officially step down as Managing Director and CEO at the close of business hours on January 31, 2026.

The shares of DMart ended 0.45% higher at ₹3,807 apiece on the national stock exchange on Friday. The company's stock price has declined over 8% in the past six months underperforming the benchmark Nifty50 index which has risen close to 1.5% during the same period.