
Dmart's Q2 revenue growth was impressive, with a 34.5% increase in sales compared to the same period last year.
This growth can be attributed to the company's successful expansion into new markets and its ability to adapt to changing consumer preferences.
Dmart's revenue from operations for Q2 stood at Rs 12,661 crore, up from Rs 9,382 crore in the same period last year.
The company's net profit for Q2 was Rs 1,111 crore, a significant increase from Rs 764 crore in the previous year.
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Q2 Revenue Up 15% YoY to Rs 16,219 Crore
Avenue Supermarts, the parent company of D-Mart, reported a strong Q2 revenue growth of 15.4% year-on-year, reaching Rs 16,218.79 crore for the quarter ending September 30, 2025.
This marks the highest Q2 revenue in four years, a significant milestone for the company. The revenue growth is a testament to the company's expanding operations and increasing customer base.
DMart's standalone revenue increased by 15.4 percent year-on-year, a notable achievement in the competitive retail industry. The company now operates 432 DMart stores, a significant expansion from previous years.
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The board will meet on October 11 to approve financial results, a routine step in the company's financial reporting process. The meeting will consider and approve the un-audited standalone & consolidated financial results of the company for the quarter and half year ended September 30, 2025.
The company's recent expansion in Uttar Pradesh marks the entry into a new state after six years, a strategic move to increase its market presence. DMart added nine stores this quarter, taking the total store count to 424.
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Market Performance
DMart's Q2 performance was impressive, with a 15.4% year-on-year increase in standalone revenue, reaching Rs 16,218.79 crore.
The company reported the strongest Q2 revenue in four years, a significant milestone in its growth journey.
DMart's revenue from operations jumped over 15% YoY, a testament to the company's expanding store network and increasing customer base.
As of September 30, 2025, DMart operates 432 stores across the country.
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DMart shares slipped over 1% despite the strong Q2 revenue performance, a sign that the market is being cautious about the company's future prospects.
Company Updates
Avenue Supermarts, the parent company of D-Mart, recently experienced a significant block trade on the National Stock Exchange, involving 263,299 shares at Rs. 4,733.90 per share, totaling Rs. 124.64 crore.
DMart reported a 16.2% year-on-year standalone revenue growth and a 10.2% quarter-on-quarter growth.
The company added nine new stores in the quarter, taking the total store count to 424, with a trailing twelve months addition of 53 stores.
Avenue Supermarts LODR Regulation 30 Announcement
Brokerages have turned bullish on select stocks, including Avenue Supermarts, highlighting strong operations and expansion momentum.
Avenue Supermarts has seen a significant block trade on the National Stock Exchange, with a transaction valued at Rs. 124.64 crore involving approximately 263,299 shares.
The company's top-line growth momentum has been maintained, with a standalone revenue growth of 16.2% year-on-year and 10.2% on quarter.
DMart has added nine stores this quarter, taking the total store count to 424, and has also expanded into a new state, Uttar Pradesh, after six years.
The company's recent expansion in Uttar Pradesh marks a significant milestone, and its cluster-based expansion is expected to accelerate with more stores being opened in the state.
Avenue Supermarts has reported a strong addition of stores, with a TTM (trailing twelve months) addition of 53 stores, indicating a robust expansion strategy.
Supplier Opportunities
DMart is inviting suppliers to showcase their products on its shelves across numerous locations. This is a great opportunity for suppliers to gain exposure to DMart's extensive customer base.
The company is particularly interested in quality products such as sweets, groceries, and household items. If you have a product that fits this category, it's worth considering reaching out to DMart.
By showcasing your products on DMart's shelves, you could potentially reach thousands of customers who visit the stores regularly.
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Market Analysis
Brokerages have turned bullish on select stocks, with Avenue Supermarts being one of them. Citi, JM Financial, and Motilal Oswal have highlighted strong operations and expansion momentum as key positives for Avenue Supermarts.
Brokerages like Citi, JM Financial, and Motilal Oswal have taken note of Avenue Supermarts' improving earnings outlook. This is a significant development for the company.
Avenue Supermarts' strong operations and expansion momentum have caught the attention of brokerages like Citi, JM Financial, and Motilal Oswal. They're now taking a more optimistic view of the company's future prospects.
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Jefferies Raises Target on Avenue Supermarts Amid Margin Pressure
Jefferies, a global broker, has raised its target price on Avenue Supermarts by 3% to Rs 4,200 from Rs 4,100.
Despite margin pressure due to increased competition in FMCG, Jefferies maintained its 'Hold' rating on Avenue Supermarts.
Avenue Supermarts' standalone gross margin declined YoY to 14.6% due to a lower share of high-margin general merchandise & apparel and non-foods (FMCG), while the share of foods increased.
The company's EBITDA margin picked up sequentially, but YoY contraction continued, resulting in a modest 8% EBITDA growth.
Avenue Supermarts has maintained its top-line growth momentum, with standalone revenue growth of 16.2% year-on-year and 10.2% on quarter.
The company added nine stores this quarter, taking the total store count to 424, and has a trailing twelve months (TTM) addition of 53 stores.
Avenue Supermarts' recent expansion in Uttar Pradesh (UP) marks the entry into a new state after six years, with hopes of accelerating its cluster-based expansion.
Market Valuation
Market Valuation is a crucial aspect of market analysis, and it's essential to understand how it works.
The Price-to-Earnings (P/E) ratio is a common metric used to evaluate a company's market valuation. It's calculated by dividing the stock price by the earnings per share.
High P/E ratios often indicate that investors are optimistic about a company's future growth prospects. This can be seen in the case of technology companies, where high P/E ratios are common due to their potential for rapid growth.
A P/E ratio of 20 or higher is generally considered high, while a ratio below 15 is considered low. For example, a company with a stock price of $100 and earnings per share of $5 would have a P/E ratio of 20.
Dividend yield is another important factor in market valuation, as it provides insight into a company's ability to generate consistent returns for shareholders.
Market Overview
The Indian retail market is highly competitive, with a large number of players vying for a share of the market. This competition has led to a decrease in profit margins for retailers.
DMart, a popular retail chain in India, has managed to maintain a strong market presence despite the intense competition. It has a strong distribution network and a wide range of products.
DMart operates over 2,600 stores across India, making it one of the largest retail chains in the country. This widespread presence has helped DMart to reach a large customer base.
The company has been able to maintain a high level of customer satisfaction through its efficient supply chain management and effective inventory control.
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Company Information
DMart was founded by Radhakishan Damani in 2002.
The company's low-price model is a key factor in its significant growth over the years, achieved by negotiating with suppliers for lower costs and passing these savings on to customers.
DMart operates in over 70 cities across 11 states in India, with a strong presence in states like Maharashtra, Gujarat, and Andhra Pradesh.
Company Background
DMart was founded by Radhakishan Damani in 2002.
The company's low-price model has been the key to its success. This model is achieved by negotiating with suppliers for lower costs and passing these savings on to customers.
DMart has built a reputation on this strategy, which has contributed to its significant growth over the years.
Current Presence
DMart's operations currently span over 70 cities across 11 states in India.
The company's presence is particularly strong in states like Maharashtra, Gujarat, and Andhra Pradesh.
DMart's strong presence in these states suggests a well-established network and customer base.
In particular, Maharashtra is one of the states where DMart has a significant footprint, alongside other strong states like Gujarat and Andhra Pradesh.
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Frequently Asked Questions
Who is the richest owner of DMart?
DMart's founder, RK Damani, is a billionaire entrepreneur and one of the richest individuals globally. He is the owner behind DMart's budget-friendly prices and wide product range.
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