DMart adds 15 stores to 518 as Q2 profit rises 8.5%

Standalone revenue hit ₹19,206 crore, up 18.4%, with net profit at ₹804 crore. Foods still dominate at nearly 57% of H1 revenue. EBITDA margin narrowed to about 7% from 7.3% a year earlier as wage inflation lifted operating costs.

On the shop floor the pricing edge remains the draw for weekly bulk buys, yet thinner margins mean less room to absorb further cost spikes without touching MRP or private-label mix. A dark-store or kirana competing on the same basket feels the squeeze when DMart holds the line on everyday low prices.

Wage inflation at entry-level has led to a marginal increase in operating expense.

The print hurts pure value peers already seeing stock pressure and forces quick-commerce players to defend share on staples. It also keeps pressure on Reliance Retail’s grocery formats in overlapping catchments.

Watch the festive window through Diwali for same-store traction and any commentary on Q3 store additions or margin recovery in the next filing.