DMart Q3 Results: Standalone profit up 6.5% to Rs. 785 crore, a jump of 17.5% in revenue

Avenue Supermarts, which operates the retail chain DMart, on Saturday announced that its standalone Q3 revenue rose 17.5% year-on-year (YoY) to Rs. 15,565 crore while profit rose 6.5% YoY to Rs. 785 crores.

The retailer’s EBITDA margin declined to 7.9% in Q3FY25 compared to 8.5% in Q3FY24 while PAT margin also declined to 5.5% year-on-year versus 5%.

During the quarter, same-store revenue growth for stores 2 years and older was 8.3%. “We continue to see an increase in discounting in the FMCG category and this has resulted in higher turnover per sq ft of stores in metro towns. However, the impact in this quarter is relatively less compared to the previous quarter (Q2 FY 2025),” Avenue Supermarts said. MD & CEO Neville Noronha said.

Also Read: Neville Noronha Quits Avenue Supermarts, Unilever’s Anshul Aswa Becomes New CEO

Demart Ready reported a growth of 21.5% in the first 9 months of FY2025. The company said it is seeing significantly higher demand for home delivery compared to pick-up points and therefore continues to align the business to that extent.

“Our home delivery business now exceeds our pick-up point sales contribution. We will continue to offer both delivery channels as an option to our buyers in select towns. In some towns we now operate only ‘home delivery’ as a delivery channel,” Noronha said. said

Leadership transition
While announcing the quarterly figures, the company also announced that Noronha will not be offering his candidacy for the renewal of his role as managing director and CEO at the end of his current term in January 2026, a year from now.

Avenue Supermarts Board has appointed Anshul Asawa as CEO ex-officio with effect from March 15, 2025.

Neville joined DMart in January 2004 and led the company from its early years to its current position as the nation’s largest supermarket chain.

“He has demonstrated exceptional leadership skills and dedication throughout his remarkably successful tenure. A leader who saw the big picture but never lost an eye for detail, Neville ensured that growth and profits were not ends in themselves, but rather they were based on their products. efficiency, fairness and customer value,” said CB Bhave, Chairman of the Board of Directors of Avenue Supermarts Limited.

Neville said he will ensure a smooth transition until the end of his tenure and will be available for any advisor even after that.
The Company may require from time to time.

Incoming CEO Anshul Asawa is an IIT Roorkee and IIM Lucknow alumnus who joins DMart after a 30-year long stint at Unilever where he held leadership roles overseeing product category growth and developing impactful operations in India, Asia and Europe. He currently serves as Unilever’s Country Head in Thailand and General Manager of the Home Care Business Unit in Greater Asia.