loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Avenue Supermarts Ltd. (DMart) reported consolidated revenue growth of 14.9% YoY

ICICIdirect Research 13 Jul 2026 DISCLAIMER

News: Avenue Supermarts Ltd. (DMart) reported consolidated revenue growth of 14.9% YoY to Rs.18,795 crore in Q1FY27 from Rs. 16,360 in Q1FY26, while standalone revenue grew by 15.1% YOY to Rs.18,343 crore in Q1FY27. Consolidated EBITDA grew by 15.4% YoY to ₹1,499 crore. EBITDA margin improved marginally by 10 bps YOY to 8.0%. PAT grew 11.9% YoY to ₹860 crore, with PAT margin moderating to 4.6% in Q1FY27 from 4.7% in Q1FY26. Like-for-like (LFL) growth moderated to 5.5% in Q1FY27 from 7.1% in Q1FY26 ( vs 10.8% in Q4FY26), reflecting muted performance in mature stores, particularly across large metro markets where growth in older stores remained flat. Revenue per retail area declined by 2.4% YoY to ₹8,571 per sq. ft. in Q1FY27, although it improved sequentially from ₹8,395 in Q4FY26. The company added 3 stores during the quarter taking its total store count to 503 as of Q1FY27, while discontinuing operations in seven cities that were marginal contributors. Additionally, the board approved raising up to ₹1,000 crore through the issuance of non-convertible debentures (NCDs), in one or more tranches, through private placement to enhance financial flexibility and support ongoing expansion. This announcement follows its recent acquisition of commercial property in Thane, Maharashtra for Rs.99.27 crores, reflecting company’s continued efforts to reduce its dependence on leased properties.

View: Avenue Supermart Q1FY27 numbers were largely in-line with street expectation. Mid teens revenue growth was driven by store addition while SSSG remains muted. EBIDTA margins remained in the range of 8-8.5%. We expect it to improve with the overall mix and improve store fundamentals at new stores. Moderating revenue per sq.ft will not go well with street. Improvement in the revenue growth and revenue mix will be keenly monitored

Impact: Negative

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere