Archive · 5 Jan 2026
D-Mart Q3 FY26: Revenue Rises 13%
D-Mart, a big store chain in India, just shared its money report for the last three months of 2025.
They made ₹17,612.62 crore, which is 13% more than last year.
They have 442 stores all over India, but one in Navi Mumbai is closed for repairs.
The company's leaders will meet on January 10, 2026, to talk about these numbers.
D-Mart sells everyday things like food and personal care items.
However, the company's shares fell over 2% because some people are worried about slower growth and competition from other stores.
Some experts think the company is doing well, while others are concerned about the slower growth and competition.
D-Mart reported a 13.15% rise in standalone revenue from operations to ₹17,612.62 crore for Q3 FY26.
Revenue grew 8.6% on a quarter-on-quarter basis from ₹16,218.79 crore in Q2 FY26.
D-Mart operates 442 stores across India, with one store in Navi Mumbai currently closed for reconstruction.
The board of Avenue Supermarts is scheduled to meet on January 10, 2026, to approve financial results.
D-Mart retails basic home and personal products across multiple states in India.
- Who
- Avenue Supermarts Ltd (D-Mart)
- What
- Reported a 13.15% rise in standalone revenue from operations
- When
- Third quarter ended December 31, 2025
- Where
- India (operates in multiple states)
- Why
- Not explicitly stated in the article
Optimistic View
Pessimistic View
Growth Rate
Optimistic View
Maintained double-digit growth with a 13% year-on-year increase in revenue.
Pessimistic View
Three-year compound annual growth rate moderated to 15.7%, indicating a slowdown in momentum.
Store Expansion
Optimistic View
Added 10 new stores this quarter and 27 so far in FY26, resulting in a 14.2% network growth over the past year.
Pessimistic View
Store additions in smaller towns may not contribute as significantly to revenue growth.
Market Performance
Optimistic View
Continued expansion and maintained double-digit growth.
Pessimistic View
Shares fell over 2% due to cautious sentiment and mixed quarterly updates.
Competitive Pressure
Optimistic View
Continued store expansion and network growth.
Pessimistic View
Facing rising competitive intensity from quick commerce platforms and a weak demand environment.
Financial Performance
Optimistic View
Reported a 13% year-on-year increase in revenue.
Pessimistic View
Reported a year-on-year EBITDA margin decline in 11 of the last 12 quarters.
- Company
- Avenue Supermarts Ltd
- Revenue (Q3 FY26)
- ₹17,612.62 crore
- Revenue (Q3 FY25)
- ₹15,565.23 crore
- Revenue Growth (YoY)
- 13.15%
- Revenue Growth (QoQ)
- 8.6%
- Number of Stores
- 442
- Board Meeting Date
- January 10, 2026
- Stock Price Decline
- 2.23%
- Market Cap
- ₹2.35 lakh crore
- Three-Year CAGR
- 15.7%
- Store Additions (Q3 FY26)
- 10
- Store Additions (FY26)
- 27
- Network Growth (YoY)
- 14.2%
- Citi Rating
- Sell
- Morgan Stanley Rating
- Equal-weight
- Morgan Stanley Price Target
- ₹4,552
- Year-to-Date Stock Performance
- Down nearly 3%
