Q2FY27 results: standalone revenue up 18.4% to Rs.19,206 crore, PAT up 7.6%; 15 stores added

Q2FY27 standalone revenue Rs.19,206 crore, up 18.4% y-o-y; PAT Rs.804 crore, up 7.6%.

Sat 10 Oct 2026

Q2FY27 Standalone Revenue

Rs.19,206 crore, up 18.4% y-o-y

Q2FY27 PAT

Rs.804 crore, up 7.6%

Q2FY27 Standalone EBITDA Margin

7.3% vs 7.6% a year ago

Standalone results for the quarter ended September 30, 2026

• Total Revenue: Rs.19,206 crore, against Rs.16,219 crore in the same period last year, a y-o-y growth of 18.4%
• EBITDA: Rs.1,403 crore, against Rs.1,230 crore, a y-o-y growth of 14.1%
• EBITDA margin: 7.3%, against 7.6%
• Net Profit (PAT): Rs.804 crore, against Rs.747 crore, a y-o-y growth of 7.6%
• PAT margin: 4.2%, against 4.6%
• Basic EPS: Rs.12.32, against Rs.11.47

Standalone results for the half year ended September 30, 2026

• Total Revenue: Rs.37,550 crore, against Rs.32,151 crore, a y-o-y growth of 16.8%
• EBITDA: Rs.2,930 crore, against Rs.2,543 crore, a y-o-y growth of 15.2%
• EBITDA margin: 7.8%, against 7.9%
• Net Profit (PAT): Rs.1,739 crore, against Rs.1,576 crore, a y-o-y growth of 10.3%
• PAT margin: 4.6%, against 4.9%
• Basic EPS: Rs.26.67, against Rs.24.22

Consolidated results, quarter ended September 30, 2026

• Total Revenue: Rs.19,644 crore, against Rs.16,676 crore
• EBITDA: Rs.1,393 crore, against Rs.1,214 crore; EBITDA margin 7.1%, against 7.3%
• Net Profit (PAT): Rs.743 crore, against Rs.685 crore; PAT margin 3.8%, against 4.1%
• Basic EPS: Rs.11.40, against Rs.10.53

Consolidated results, half year ended September 30, 2026

• Total Revenue: Rs.38,439 crore, against Rs.33,036 crore
• EBITDA: Rs.2,892 crore, against Rs.2,513 crore; EBITDA margin 7.5%, against 7.6%
• Net Profit (PAT): Rs.1,603 crore, against Rs.1,458 crore; PAT margin 4.2%, against 4.4%
• Basic EPS: Rs.24.60, against Rs.22.41

Store network

• 15 stores were added in Q2FY27 and 18 stores were added in H1FY27
• Total store count stood at 518 as of September 30, 2026, including one store at Navi Mumbai, Maharashtra currently closed for customers due to reconstruction
• Retail Business Area: 21.4 million sq. ft.

What the management said

• Mr. Anshul Asawa, Managing Director and CEO, said revenue in Q2 FY27 grew by 18.4% over the previous year and PAT grew by 7.6% over the previous year. D-Mart stores two years and older grew by 9.5% during Q2 FY27, as compared to 6.8% in Q2 FY26.
• He added that the pricing proposition remains strong in an inflationary environment, and that wage inflation at entry level has led to a marginal increase in operating expenses.
• Mr. Vikram Dasu, Whole Time Director and CEO, Avenue E-Commerce Limited, said the focus is on driving greater operational efficiencies and strengthening overall customer experience in the cities where the business currently operates.

How to read these numbers

• Standalone figures cover the D-Mart brick-and-mortar business run by Avenue Supermarts Limited. Consolidated figures add the group's other businesses, including the e-commerce arm.
• In both sets of numbers, revenue and profit for the quarter and the half year are higher than the same period a year earlier.
• In the quarter, the EBITDA margin and the PAT margin were lower than in the same quarter last year, which means profit grew slower than revenue.
• Same-store growth of 9.5% in Q2 FY27 for stores two years and older is stated by the company as a like-for-like measure of stores that were already running.
• The company follows an Everyday low cost - Everyday low price (EDLC-EDLP) strategy, aiming to procure goods at competitive prices and sell at competitive prices using operational and distribution efficiency.

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