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Wednesday, December 03, 2025 | 05:40 PM ISTहिंदी में पढें
Competitive and margin pressures likely to cap upsides for DMart
DMart's Q1FY26 pre-quarter update reveals slower-than-expected revenue growth and margin compression. Competitive pressures, particularly from quick commerce players, could weigh on future growth.
 "Shares of Avenue Supermarts (DMart) have gained about 5 per cent over the past week on better-than-expected June quarter (Q1FY25) performance, hopes of a recovery in discretionary demand, and margin gains going ahead.")
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DMart is focused on expanding its retail footprint in non-metro towns, with only 2 out of 9 stores added in major cities.
The D-Street reacted negatively to Avenue Supermarts’ (DMart) Q1FY26 pre-quarter update and the stock was down over 1 per cent at close. The standalone revenue of ₹15,930 crore was up 16.2 per cent year-on-year (Y-o-Y) but was below analysts’ estimates. On a quarter-on-quarter (Q-o-Q) basis, growth was 10.2 per cent.
Net store additions stood at nine in the quarter versus six in the first quarter of the financial year 2025 (Q1FY25) and 28 in Q4FY25.
The total store count stood at 424.
The same store growth rate was around 3-4 per cent while implied or estimated operating profit margin was
