DMart Reports 15% Revenue Growth in Q2 FY26, Net Profit Rises Modestly Year-on-Year
Avenue Supermarts Ltd., the parent company of the popular retail chain DMart, has announced its financial results for the second quarter of the fiscal year 2025-26, ending in September 2025. The company posted a standalone net profit of ₹746 crore, marking a 5.07% increase from the ₹710 crore profit recorded in the same quarter of the previous fiscal year.
Performance Breakdown: YoY vs. QoQ
On a year-on-year (YoY) basis, DMart demonstrated top-line growth. The company’s revenue from operations for the July-September quarter stood at ₹16,219 crore, a significant 15.43% jump from ₹14,050 crore in the corresponding period last year. Total income for the quarter also grew by 15.28% to ₹16,252 crore. However, this revenue growth was accompanied by a 16.02% rise in total expenses, which reached ₹15,249 crore, tempering the net profit growth.
While the annual comparison shows growth, the quarter-on-quarter (QoQ) figures reveal a sequential moderation. The net profit of ₹746 crore is a 10% decline from the ₹830 crore earned in the preceding quarter (April-June 2025). This dip in profitability came despite a slight 1.80% increase in operational revenue from the previous quarter’s ₹15,932 crore. The sequential pressure on profit appears to be driven by a 2.65% increase in total expenses compared to the prior quarter.
Financial Highlights at a Glance (All figures in ₹ Crore):
| Metric | Q2 FY26 (Jul–Sep ’25) |
Q2 FY25 (Jul–Sep ’24) |
YoY Change | Q1 FY26 (Apr–Jun ’25) |
QoQ Change |
|---|---|---|---|---|---|
| Operational Revenue | ₹16,219 Cr | ₹14,050 Cr | +15.43% | ₹15,932 Cr | +1.80% |
| Total Income | ₹16,252 Cr | ₹14,097 Cr | +15.28% | ₹15,966 Cr | +1.79% |
| Total Expenses | ₹15,249 Cr | ₹13,143 Cr | +16.02% | ₹14,855 Cr | +2.65% |
| Net Profit | ₹746 Cr | ₹710 Cr | +5.07% | ₹830 Cr | -10.00% |
Dmart Q2 Results of FY26
Company Background
DMart, founded by veteran investor Radhakishan Damani, has been a remarkable growth story in Indian retail. Damani opened the first DMart store in 2002 in Powai, Mumbai. The company, operated by Avenue Supermarts Ltd., made its stock market debut on March 21, 2017. On its listing day, the company’s market capitalization was ₹39,988 crore. Today, it has swelled to an impressive ₹2.81 lakh crore, reflecting its massive expansion and investor confidence over the years.