DMart Q2 earnings: Profit rises 8.5% to ₹743 crore as rising costs temper growth
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Avenue Supermarts Ltd, the operator of retail chain DMart, reported an 8.5% year-on-year increase in consolidated net profit to ₹742.98 crore for the second quarter of FY27, compared with ₹684.85 crore in the corresponding quarter last year.
Revenue from operations rose 17.8% to ₹19,644 crore in the July-September quarter, from ₹16,676.30 crore a year earlier, according to the company’s regulatory filing.
Total expenses increased 18.3% year-on-year to ₹18,632.70 crore during the quarter. Total income, including other income, rose 17.73% to ₹19,657.54 crore. For the first half of FY27, the company’s total income stood at ₹38,477.85 crore, up 16.47% year-on-year.
Older stores record faster growth
Commenting on DMart’s brick-and-mortar business, Managing Director and CEO Anshul Asawa said stores that were at least two years old recorded 9.5% growth in Q2 FY27, compared with 6.8% in the year-ago quarter.
Asawa said the company’s pricing proposition remained strong despite inflationary pressures. However, wage inflation at the entry level had led to a marginal increase in operating expenses.
The company opened 15 new stores during the quarter, taking its total store count to 518. This includes a store in Navi Mumbai that is currently closed to customers for reconstruction. Avenue Supermarts added 18 stores in the first half of FY27. As of September 30, 2026, DMart’s stores had a combined retail business area of 21.4 million square feet.
DMart Ready focuses on operational efficiency
Vikram Dasu, whole-time director and CEO of Avenue E-Commerce, said the DMart Ready business was focused on improving operational efficiencies and strengthening the customer experience in the cities where it currently operates.
Promoted by Radhakishan Damani and his family, DMart sells a range of everyday home and personal products. Its operations span Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, Delhi-NCR, Tamil Nadu, Punjab, and Rajasthan.
On Friday, shares of Avenue Supermarts closed at ₹3,521 on the NSE, down 1.79%.