Avenue Supermarts Limited, the operator of the popular retail chain DMart, announced its financial results for the quarter and nine months ended December 31, 2025. The company demonstrated resilient performance with double-digit growth in both revenue and profit, alongside a significant update regarding its top leadership.

Financial performance highlights

The company reported a robust increase in its financial metrics for Q3 FY2026. On a consolidated basis, revenue from operations reached 18,100.88 crore, marking a year-on-year (YoY) growth of 13.32% compared to 15,972.55 crore in the same quarter last year.

Net profit after tax for the quarter stood at 855.78 crore, a significant YoY increase of 18.27% from 723.54 crore in Q3 FY2025. The consolidated net profit margin also saw an improvement, rising to 4.73% from 4.53% in the previous year.

For the nine-month period ended December 31, 2025, consolidated revenue grew by 14.95% to 51,136.88 crore. Total consolidated net profit for this period reached 2,313.44 crore, representing a growth of 7.27% compared to the 2,156.66 crore recorded in the corresponding period of the previous fiscal year.

Standalone growth metrics

The standalone performance mirrored the consolidated success:

• Revenue from operations: 17,612.62 crore (up 13.15% YoY).
• Net profit after tax: 923.05 crore (up 17.64% YoY).
• Basic Earnings Per Share (EPS): 14.19 compared to 12.06 in the previous year.

Leadership changes and succession plan

A major highlight of the board meeting was the formalization of a leadership transition. Mr. Ignatius Navil Noronha will conclude his current term as Managing Director and CEO on January 31, 2026. The board expressed deep appreciation for his guidance and contribution during his long tenure.

Mr. Anshul Asawa, currently the CEO Designate, has been appointed as the Chief Executive Officer and Key Managerial Personnel effective February 1, 2026. Furthermore, subject to shareholder approval, he will take over as the Managing Director of the company for a three-year term starting April 1, 2026.

Additionally, the company announced a new reporting structure and designated four officials as Senior Management Personnel effective February 1, 2026:

• Mr. Sachin Jaolekar: Vice President - FMCG.
• Mr. Dastgir Shaikh: Vice President - General Merchandising.
• Mr. Shyam Gupta: Head - Apparels.
• Mr. Rushabh Ghiya: Head - Investor Relations and Chief of Staff.

Operational and strategic updates

During the quarter, the company continued its focus on its core retail business through both offline and online channels. Management noted that revenue growth during the quarter was partially impacted by deflation in staples, but the company remains committed to its Everyday Low Cost - Everyday Low Price (EDLC-EDLP) strategy to provide value to customers.

The company also reported on the status of the New Labour Codes, noting that while they were made effective from November 21, 2025, the full impact is still being evaluated as supporting rules are yet to be notified.

Disclaimer

The information provided in this article is based on the unaudited standalone and consolidated financial results of Avenue Supermarts Limited for the quarter and nine months ended December 31, 2025 . This content is for informational purposes only and does not constitute financial or investment advice. While efforts have been made to ensure accuracy, readers should refer to the official company filings on the BSE and NSE for complete details