Avenue Supermart Limited (DMart), an Indian retail corporation operating a chain of supermarkets and hypermarkets, has reported its Q3 report for the fiscal year 2024-2025, recording positive performance, as growth in Profit after Tax (PAT) by 5% to ₹724 crore, Revenue growth, and store addition. The leadership transition was also announced, and many other things are mentioned in the report. Let’s find out every detail.
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Avenue Supermart (DMart) Q3 performance.
DMart, Avenue Supermart released its Q3 FY 25 data on January 11, 2025. Between October and December, it reported a consolidated net profit of ₹724 crore, a 5% growth in profit compared to ₹690.41 crore during the same quarter last year.
The Supermarket and Hypermarket chain operator, DMart, also showed a jump in revenue in the third quarter of the current fiscal year of 17.68% to ₹15,972.55 crore, compared to ₹13,572.47 crore in the corresponding period last year. Meanwhile, the company’s expenses seemed to rise by 18.52% to ₹15,001.64 crore, which was ₹12,656.46 crore expense during the same quarter last year.
Although DMart’s PAT fell short of the analyst’s speculated expectation its revenue met the mark. According to Zee Business research, DMart was expected to report a net profit of ₹832 crore and revenue of ₹15,683 crore for the third quarter of the current financial year.
DMart chains’ earnings before interest, taxes, depreciation, and amortization (EBITDA) was ₹1,217.3 crore, up 8.7%, compared to ₹1,119.9 crore in the same period a year ago. EBITDA margin for Q3 FY25 stood at 7.6%, compared to 8.3% in the corresponding quarter last year.
Management statements on Q3 report.
“We continue to see increased intensity in discounting in the FMCG category and the consequent impact to high turnover per square feet stores in metro towns. However, this quarter the impact has relatively reduced versus the previous quarter (Q2 FY 2025),” said Neville Noronha, CEO and Managing Director, of Avenue Supermarts.
“We stay committed to being the most preferred value retailer near a DMart store or a fulfillment center of DMart Ready. DMart Ready grew by 21.5 percent in nine months of FY25. In the rapidly evolving grocery e-commerce market, we see significantly more demand for home delivery than pick-up points, and we continue to align our business to that extent,” he added.
“We stay committed to being the most preferred value retailer to customers in the vicinity of a DMart store or a Fulfilment center of DMart Ready,” added Noronha.
Leadership transition announced.
Avenue Supermart LTD (DMart) announced a leadership transition, along with quarterly earnings. Chief Executive Officer (CEO) and Managing Director Neville Noronha has stepped down from his management position after a 20-year tenure.
“After more than two decades of exceptional leadership and a glorious tenure at the helm of the business, Neville has chosen not to extend his contract. The Board of Directors honors his decision and expresses profound gratitude for his extraordinary contribution to the company,” said Avenue Supermarts.
The board has announced to appointment of Unilever’s Anshul Asawa as its CEO and managing director. Anshul Asawa is expected to take over as the MD and CEO on February 1, 2026, upon the completion of Neville’s term in that position, which is one year from now.
Stores Addition.
According to Moneycontrol report, India’s leading food and grocery retailer, Avenue Supermart (DMart), added 10 new stores during the 3rd of FY25, while the company added 5 stores during the same quarter last year, calculating it to 387 stores across the country. Therefore company saw higher openings compared to base quarters.
Avenue Supermart has seen a strong recovery in revenue/sqft despite increasing the rising competition in from quick commerce players, noted JM Financial.
DMart Share Price status.
On Friday, January 10, Avenue Supermart (DMart) fell 3.34% or ₹127.4 to ₹3,685.70 apiece on the Bombay Stock Exchange (BSE). Today, the retail giant has a market capitalization (Mcap) of 2,39,840.69 crore. As of January 10, DMart’s share has risen 4.5% so far in the new year. Outperforming the headline Nifty 50 index’s 0.9% slide.
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