Avenue Supermarts, which operates the DMart hypermarket chain, reported a 4.78 per cent increase in its consolidated net profit for the quarter ended December 31, at ₹723 crore compared to ₹690 crore reported during the same time last year.

The retailer reported a 17.68 per cent increase in its revenue with ₹15,972 crore reported during the quarter as compared to ₹13,572 crore reported a year ago.

The company’s quarter-on-quarter net profit increased by 9.71 per cent to ₹659 crore while a 10.57 per cent increase in consolidated revenue was witnessed with Rs.14,444 crore in the September quarter.

The Q3 FY 2025 same-store revenue growth for 2 years and older stores was at 8.3 per cent. “We continue to see increased intensity in discounting in the FMCG category and the consequent impact to high turnover per square feet stores in metro towns,” the retailer said. However,

“We stay committed to being the most preferred value retailer to customers in the vicinity of a DMart store or a Fulfilment centre of DMart Ready,” it said. DMart Ready grew by 21.5 per cent in 9 months FY 2025.

E-commerce market

“In the rapidly evolving dynamics of the grocery e-commerce market, we are seeing significantly more demand for home delivery compared to pick-up point and hence we continue to align our business to that extent. Our home delivery business now far exceeds our pick-up point sales contribution. We will continue to provide both channels of delivery as an option to our shoppers in select towns. In several towns, we now only operate ‘Home Delivery’ as a delivery channel,” said Neville Noronha, CEO & Managing Director.

Noronha will be stepping down from his role after the completion of his term in January 2026. The board has appointed Anshul Asawa as the CEO Designate, effective March 15th, 2025. Anshul will be joining DMart after a 30-year stint at Unilever. He presently is the country head of Unilever in Thailand and general manager for the home care business unit in Greater Asia.

Food continued to be the major revenue contributor, increasing its share to 57.01 per cent while the share of non-fast Moving Consumer Goods (FMCG), general merchandise and apparel stood at 20 and 22.99 per cent respectively.

The company expanded its store presence and now has 387 stores as compared to 365 stores in FY24.