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DMART Appoints Ms. Kalpana Unadkat as Chairperson Effective April 1, 2026
Avenue Supermarts (DMART) has announced a planned leadership transition at the board level. Ms. Kalpana Unadkat, an Independent Director with over 25 years of experience in corporate law and governance, will take over as Chairperson starting April 1, 2026. She succeeds Mr. Chandrashekhar Bhave, who will step down as Chairman on March 31, 2026, ahead of the completion of his second term as Independent Director in May 2026. This transition appears to be a structured succession move aimed at maintaining high governance standards.
Key Highlights
Ms. Kalpana Unadkat appointed as Chairperson effective April 1, 2026
Outgoing Chairman Mr. Chandrashekhar Bhave to cease his role on March 31, 2026
Ms. Unadkat brings 25+ years of experience in corporate law, M&A, and governance
The new Chairperson has mentored over 200 directors and senior leaders in governance stewardship
Transition occurs as Mr. Bhave completes his second term as Independent Director on May 16, 2026
💼 Action for Investors
Investors should view this as a routine and planned leadership succession that ensures continuity in governance. No immediate action is required as the core business operations remain unaffected.
DMART Expands Retail Footprint with 2 New Stores; Total Count Reaches 463
Avenue Supermarts Limited (DMART) has announced the opening of two new stores located in Bavdhan, Pune (Maharashtra) and Chilakaluripeta, Palnadu (Andhra Pradesh). This expansion brings the company's total store count to 463 as of March 12, 2026. The move demonstrates DMART's continued focus on strengthening its presence in both established urban hubs like Pune and emerging markets in Andhra Pradesh. This steady store addition is a key driver for the company's long-term revenue growth strategy.
Key Highlights
Opened 2 new stores in Maharashtra and Andhra Pradesh
Total store count increased to 463 as of March 12, 2026
New locations include Bavdhan (Pune) and Chilakaluripeta (Palnadu)
Continues the company's cluster-based expansion strategy
💼 Action for Investors
Investors should view this as a routine but positive execution of DMART's growth model. Monitor the quarterly store addition pace to ensure it aligns with annual expansion targets.
DMART Expands Footprint with 8 New Store Openings; Total Count Reaches 461
Avenue Supermarts (DMART) has announced the simultaneous opening of 8 new stores across multiple Indian states including Gujarat, Goa, Punjab, and Uttarakhand. This expansion brings the company's total store count to 461 as of March 8, 2026. The move demonstrates DMART's continued focus on scaling its physical presence in both existing and new geographical clusters. Such aggressive expansion is typically a precursor to revenue growth in upcoming quarters.
Key Highlights
Opened 8 new stores in a single day across 8 different states
Total store count increased to 461 locations nationwide
Expansion covers diverse regions including Punjab, Haryana, and Uttarakhand
Strategic move to strengthen market share in the organized retail sector
💼 Action for Investors
Investors should view this as a positive sign of operational growth and network scaling. Monitor the impact of these new stores on the upcoming quarterly revenue and margin performance.
Avenue Supermarts (DMart) Opens New Store in Karnataka; Total Store Count Reaches 453
Avenue Supermarts Limited, which operates the DMart retail chain, has announced the opening of a new store in Ullal, Dakshina Kannada, Karnataka on March 6, 2026. This new addition brings the company's total operational store count to 453 across India. The expansion highlights the company's continued focus on increasing its footprint in the southern region of India. Steady store additions remain a primary driver for the company's long-term revenue growth and market share in the organized retail sector.
Key Highlights
New store opened at Ullal, Dakshina Kannada, Karnataka on March 6, 2026
Total number of operational DMart stores now stands at 453
Expansion aligns with the company's cluster-based growth strategy
Official intimation provided to BSE and NSE on March 6, 2026
💼 Action for Investors
Investors should track the pace of store additions relative to management's annual guidance to gauge growth momentum. The stock remains a core portfolio candidate for those seeking exposure to India's organized retail growth.
DMART Shareholders Approve Anshul Asawa as MD & CEO with 99.67% Majority
Avenue Supermarts (DMART) shareholders have officially approved the appointment of Mr. Anshul Asawa as the Managing Director and Chief Executive Officer. The appointment is for a three-year term effective from April 1, 2026, until March 31, 2029. The resolution received overwhelming support with 99.67% of the total 59.09 crore valid votes cast in favor. This transition marks a key leadership milestone for the retail giant, ensuring management continuity for the coming years.
Key Highlights
Appointment of Anshul Asawa as MD & CEO approved for a 3-year term starting April 1, 2026.
The resolution passed with 58.89 crore votes (99.67%) in favor and only 0.33% against.
Public institutional investors demonstrated strong confidence with 98.08% of their votes in favor.
Promoter and Promoter Group voted 100% in favor of the appointment with 48.56 crore shares.
The voting process was conducted via postal ballot and remote e-voting between January 22 and February 20, 2026.
💼 Action for Investors
Investors should take confidence in the clear succession planning and the strong mandate given by both promoters and institutional investors. No immediate action is required, but the transition in 2026 should be monitored for any strategic shifts in the company's expansion model.
DMART Opens 3 New Stores in Rajasthan and UP; Total Store Count Reaches 452
Avenue Supermarts (DMART) has announced the opening of three new stores on February 23, 2026. The new outlets are located in Kota (Rajasthan), Ghaziabad (Uttar Pradesh), and Greater Noida (Uttar Pradesh). This expansion brings the company's total operational store count to 452 across India. The addition of stores in Northern India aligns with the company's cluster-based growth strategy to optimize supply chain efficiency and market penetration.
Key Highlights
Opened 3 new stores on February 23, 2026
New locations include Kota, Ghaziabad, and Greater Noida
Total operational store count increased to 452
Expansion focuses on strengthening presence in the Rajasthan and Uttar Pradesh regions
💼 Action for Investors
Investors should view this as a continuation of DMART's steady and disciplined expansion strategy. Monitor the pace of store additions relative to quarterly targets to assess long-term revenue growth potential.
Avenue Supermarts (DMart) Opens 2 New Stores; Total Store Count Reaches 447
Avenue Supermarts Limited, the operator of DMart, has announced the opening of two new stores on February 5, 2026. The new outlets are located in Koppal, Karnataka, and Esplanade Mall, Gurugram, Haryana. This addition brings the company's total operational store count to 447. The expansion into both a Tier-2 city and a major metropolitan mall demonstrates the company's multi-format geographical growth strategy.
Key Highlights
Opened 2 new stores on February 5, 2026
New locations situated in Koppal (Karnataka) and Gurugram (Haryana)
Total store count for DMart now stands at 447
Expansion continues to drive the company's revenue growth trajectory
💼 Action for Investors
Investors should view this as a routine but positive execution of DMart's long-term growth strategy. Monitor the quarterly pace of store additions to ensure the company meets its annual expansion targets.
DMART Seeks Shareholder Approval to Appoint Anshul Asawa as MD & CEO for 3 Years
Avenue Supermarts (DMART) has issued a postal ballot notice to seek shareholder approval for the appointment of Mr. Anshul Asawa as the Managing Director and Chief Executive Officer. The proposed appointment is for a three-year term starting from April 1, 2026, until March 31, 2029. The remote e-voting process for this ordinary resolution will take place from January 22, 2026, to February 20, 2026. This leadership transition is a significant step for the company's long-term governance and operational management.
Key Highlights
Appointment of Mr. Anshul Asawa as Managing Director and CEO for a 3-year tenure.
The term is scheduled to run from April 1, 2026, to March 31, 2029.
Remote e-voting period starts on January 22, 2026, and ends on February 20, 2026.
Voting results to be announced on or before February 24, 2026.
Cut-off date for determining shareholder eligibility was January 16, 2026.
💼 Action for Investors
Investors should monitor the leadership transition for any shifts in the company's aggressive expansion strategy. Shareholders are encouraged to participate in the e-voting process before the February 20 deadline.
Avenue Supermarts (DMART) Opens New Store in Ludhiana; Total Store Count Reaches 443
Avenue Supermarts Limited has announced the opening of a new DMART store in Pakhowal, Ludhiana, Punjab. This addition, effective January 20, 2026, brings the company's total operational store count to 443. The expansion highlights DMART's continued focus on strengthening its retail footprint in Northern India. Consistent store additions are a critical component of the company's strategy to drive revenue growth and leverage economies of scale.
Key Highlights
New store opened at Pakhowal, Ludhiana (Punjab) on January 20, 2026.
Total number of operational stores nationwide stands at 443.
Demonstrates continued execution of the company's brick-and-mortar expansion strategy.
Strengthens market presence in the Punjab region.
💼 Action for Investors
Investors should monitor the quarterly pace of store openings as a key metric for top-line growth. The stock remains a long-term play on the organized retail theme in India.
DMart Appoints Anshul Asawa as CEO & MD; Ignatius Noronha to Step Down in Jan 2026
Avenue Supermarts (DMart) has announced a major leadership transition as Mr. Ignatius Navil Noronha concludes his tenure as MD & CEO on January 31, 2026. Mr. Anshul Asawa, a veteran with 30 years of experience at Unilever, will take over as CEO on February 1, 2026, and as Managing Director for a 3-year term starting April 1, 2026. The company also restructured its senior leadership, designating four internal heads as Senior Management Personnel to oversee FMCG, Merchandising, Apparels, and Investor Relations. This planned succession follows a year-long transition period since the initial announcement in January 2025.
Key Highlights
Mr. Ignatius Navil Noronha to conclude his tenure as MD & CEO on January 31, 2026.
Mr. Anshul Asawa, an IIT/IIM alumnus and former Unilever Country Head (Thailand), appointed as CEO from Feb 1, 2026.
Mr. Asawa's appointment as Managing Director is for a 3-year term effective April 1, 2026, subject to shareholder approval.
Four officials elevated to Senior Management Personnel (SMP) roles to lead core business verticals and Investor Relations.
The transition leverages Mr. Asawa's 30-year expertise in FMCG digitization, sales transformation, and commercial discipline.
💼 Action for Investors
Investors should monitor the transition closely as Mr. Noronha was a key architect of DMart's success, though the appointment of a seasoned HUL veteran provides confidence in operational continuity. The stock may experience short-term sentiment-driven volatility during this leadership handover.
DMart 9M FY26: Revenue grows 14.8% to ₹49,764 Cr; Store count reaches 442
Avenue Supermarts reported a steady 14.8% YoY growth in revenue for the first nine months of FY26, reaching ₹49,764 crore. However, Like-for-Like (LFL) growth for Q3 FY26 slowed to 5.6% compared to 8.3% in the same quarter last year, indicating a moderation in same-store sales momentum. The company expanded its physical footprint to 442 stores and increased its DMart Ready presence to 25 cities. While EBITDA rose to ₹4,024 crore, margins saw a slight compression to 8.1% from 8.2% YoY, and PAT margins dipped to 5.0%.
Key Highlights
9M FY26 Revenue from operations stood at ₹49,764 crore, up from ₹43,327 crore in 9M FY25.
Total store count increased to 442 with 27 new stores added during the first nine months of the fiscal year.
Like-for-Like (LFL) growth for Q3 FY26 moderated significantly to 5.6% vs 8.3% in Q3 FY25.
9M FY26 PAT reached ₹2,499 crore with a margin of 5.0%, lower than the 5.3% recorded in 9M FY25.
DMart Ready (E-commerce) footprint expanded from 19 cities to 25 cities YoY.
💼 Action for Investors
Investors should monitor the declining Like-for-Like (LFL) growth trend and margin pressure as they may impact short-term valuations. While the expansion remains robust, the slowing growth in mature stores warrants a cautious outlook on immediate upside.
DMart Q3FY26 Results: Standalone PAT Rises 17.6% to ₹923 Cr; EBITDA Margins Improve to 8.4%
Avenue Supermarts (DMart) reported a standalone revenue growth of 13.2% YoY, reaching ₹17,613 crore for Q3FY26. Net profit grew faster at 17.6% to ₹923 crore, supported by an EBITDA margin expansion to 8.4% from 7.9% last year. The company added 10 stores in the quarter, taking the total count to 442, while same-store sales growth for older stores stood at 5.6%. Management noted that revenue was partially impacted by deflation in staples, yet operational efficiencies helped bottom-line performance.
Key Highlights
Standalone Revenue increased 13.2% YoY to ₹17,613 crore for the quarter ended December 2025.
Standalone EBITDA rose 19.9% to ₹1,481 crore, with margins improving by 50 basis points to 8.4%.
Net Profit (Standalone) grew 17.6% YoY to ₹923 crore, with EPS rising to ₹14.19 from ₹12.06.
Added 10 new stores in Q3FY26, bringing the total retail footprint to 442 stores across 18.3 million sq. ft.
Two-year and older stores recorded a Same Store Sales Growth (SSSG) of 5.6% in Q3FY26.
💼 Action for Investors
The margin expansion and double-digit profit growth are positive signals despite staple deflation impacting top-line growth. Long-term investors should monitor the pace of store additions and SSSG trends as competitive intensity in the retail sector remains high.
DMART Q3 FY26 Results: PAT Rises 17.6% to ₹923 Cr; CEO Navil Noronha to Step Down
Avenue Supermarts (DMART) reported a steady Q3 FY26 with standalone revenue growing 13.1% YoY to ₹17,612.62 crore. Net profit saw a stronger growth of 17.6% YoY, reaching ₹923.05 crore, supported by improved operating margins which rose to 8.41% from 8.09% last year. A major leadership transition was announced as long-time MD & CEO Navil Noronha will step down on January 31, 2026, to be succeeded by Anshul Asawa. The company also restructured its senior management across key verticals like FMCG and Merchandising.
Key Highlights
Standalone Revenue from operations grew 13.1% YoY to ₹17,612.62 crore in Q3 FY26.
Net Profit (PAT) increased by 17.6% YoY to ₹923.05 crore, with Basic EPS rising to ₹14.19.
Operating margins improved to 8.41% compared to 8.09% in the corresponding quarter of the previous year.
MD & CEO Navil Noronha to conclude his term on Jan 31, 2026; Anshul Asawa appointed as the new CEO.
Nine-month (9M FY26) PAT stands at ₹2,499.33 crore, reflecting an 8.3% growth over the previous year.
💼 Action for Investors
Investors should take confidence in the margin expansion and double-digit profit growth, though the transition from a veteran CEO like Navil Noronha warrants close monitoring of execution under new leadership. The stock remains a high-quality long-term retail play.
DMart's Commercial Paper Limit Enhanced to Rs. 500 Crore; [ICRA] A1+ Rating Reaffirmed
ICRA Limited has reaffirmed the highest short-term credit rating of [ICRA] A1+ for Avenue Supermarts Limited (DMart). Additionally, the rating agency has approved an enhancement of the company's Commercial Paper limit from Rs. 300 crore to Rs. 500 crore. This reaffirmation and limit increase reflect DMart's robust financial profile and strong liquidity position. The [ICRA] A1+ rating indicates a very strong degree of safety regarding the timely servicing of financial obligations.
Key Highlights
ICRA reaffirmed the highest short-term rating of [ICRA] A1+ for DMart's Commercial Paper.
The rated amount for the Commercial Paper program has been increased from Rs. 300 crore to Rs. 500 crore.
The [ICRA] A1+ rating signifies the lowest credit risk and a very strong capacity for timely payment of short-term debt.
The enhanced limit provides the company with additional flexibility to manage short-term working capital requirements at competitive rates.
💼 Action for Investors
Investors should view this as a validation of DMart's superior credit quality and financial discipline. No immediate action is required as this is a routine credit update confirming the company's strong balance sheet.
DMART Q3 FY26 Revenue Grows 13.1% YoY to INR 17,612.62 Cr; Total Stores Reach 442
Avenue Supermarts (DMart) reported a standalone revenue of INR 17,612.62 crores for Q3 FY26, marking a 13.1% growth compared to INR 15,565.23 crores in the same quarter last year. The company's store network expanded to 442 locations as of December 31, 2025, up from previous years. While revenue growth remains steady, the year-on-year growth rate has moderated slightly from the 17.5% seen in Q3 FY25. This update provides a preliminary look at the company's performance ahead of its full quarterly results.
Key Highlights
Standalone revenue for Q3 FY26 reached INR 17,612.62 crores, a 13.1% increase over Q3 FY25.
Total store count stood at 442 as of December 31, 2025, including one store under reconstruction.
Revenue has shown consistent growth over four years, rising from INR 11,304.58 crores in Q3 FY23.
The growth rate of 13.1% is a deceleration compared to the 17.5% YoY growth recorded in the previous year's third quarter.
💼 Action for Investors
Investors should maintain a long-term positive outlook given the consistent scaling, but monitor the full earnings report for EBITDA margins and same-store sales growth (SSSG) trends. The slight moderation in revenue growth may lead to some price consolidation in the near term.