DMart Q3 results: Net profit soars 18.3% YoY to ₹856 crore; EBITDA jumps 20%

The supermarket chain operator reported an 18.27% year-on-year (YoY) surge in its consolidated net profit to ₹855.92 crore for the third quarter of the 2025-26 financial year (Q3FY26).

In the corresponding period a year earlier, it had logged a profit of ₹723.72 crore, it said in a regulatory filing on Saturday.

Its profit after tax (PAT) margin grew to stand at 4.7% in Q3FY26, as against 4.5% in Q3 of the 2024-25 fiscal year (Q3FY25).

The company posted a 13.32% annual increase in its revenue from operations to ₹18,100.88 crore during the reporting quarter, compared to ₹15,972.55 crore in the December quarter of FY25.

“Revenue growth was partially impacted due to deflation in staples,” said Anshul Asawa, CEO-Designate of Avenue Supermarts.

At an operational level, the Mumbai-based company’s EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹1,463 crore in the December quarter of FY26, marking a 20.21% YoY jump from ₹1,217 crore in the year-ago period.

Its EBITDA margin expanded to 8.1% during the quarter under review, from 7.6% in Q3FY25.

“Our revenue for the quarter grew by 13.2%. Profit after tax (PAT) grew by 17.6% over the previous year. Two years and older DMart Stores grew by 5.6% in Q3 FY26 as compared to Q3 FY25,” Asawa stated.

DMart opened 10 stores during the quarter, with its total store count standing at 442 as of December 31, 2025, he added.

Appointment

The company’s board of directors also approved the appointment of Anshul Asawa, presently the CEO Designate, as the Chief Executive Officer and Key Managerial Personnel from February 1, 2026.

The board also approved the appointment of Asawa as Managing Director of Avenue Supermarts for a term of three years, with effect from April 1, 2026, subject to shareholder approval.

This comes as Ignatius Navil Noronha will complete his tenure as the Managing Director and CEO of the firm on January 31, 2025. Last year, D-Mart announced top-level changes with the appointment of Unilever's Anshul Asawa as the CEO Designate of the company.

Noronha, whose current term is ending in January 2026, had not offered his candidature for renewal of his role.

In a separate filing on Friday, D-Mart said the company "allotted Commercial Paper of ₹100 crore," which is proposed to be listed on the BSE.

DMart stock performance

Ahead of the Q3 result announcement, DMart shares closed 0.45% higher at ₹3,807 apiece on the NSE. The stock rose 2.3% this week despite sell-off in broader markets.