DMart Q3 Results Updates!
The Indian retail giant Avenue Supermarts, which operates the DMart chain, has just reported its numbers for the third quarter of FY2025. The store is consistently growing, despite tough competition in the supermarket business and the fast-moving consumer goods (FMCG) industry. Net profit increased to ₹ 724 crore, a 4.9% gain, as against ₹ 690 crore in the same period the previous year. Moreover, the consolidated revenue went up by 17.6% and came to ₹15,973 crore, which is better than ₹13,572 crore in the third quarter of the previous fiscal year.
Key Points from DMart Q3 Results:
- Revenue went up by 17.6% to ₹ 15,973 crore
- Net profit surged up by 4.9% to ₹ 724 crore
- EBITDA margin went down to 7.6% from 8.3% the year before
- Same store sales growth for existing stores in two years or more was 8.3%
DMart’s CEO and MD, Neville Noronha, in his announcement said the FMCG queries of turnover stores in the major cities are rather heavy lately. However, he highlighted that the high impact of this is not as big as to the previous one.
The company’s online grocery platform, DMart Ready, has reported robust growth. In the first nine months of the fiscal year 2025, its sales went up by 21.5%. The company has recognized a changing job order preference towards home deliveries instead of pick-up points and has adjusted its operation accordingly.
As of December 31, 2024 — DMart is handling 387 stores all over the country, which collectively occupy 16.1 million square feet of retail establishments. The business keeps expanding to other places of significance in the country.
Another important confrontation is getting ready in the leadership development. It is now a fact that Neville Noronha, the CEO, has whole-heartedly decided not to extend his term which is to end on January 2026. Anshul Asawa, who has worked for 30 years at Unilever, will be the one to take over the post as the CEO. This leadership transition clearly signifies a new page for Avenue Supermarts, as it goes on handling the most recently transformed retail landscape in India.
Read More: Tiku Talsania Hospitalised After Heart Attack: A Look at the Veteran Actor’s Legacy
