WEDNESDAY, 7 OCTOBER 2026

Retail

DMart adds 15 stores to 518 but shares slide over 6 per cent

Strong top line failed to calm investors worried about same-store growth and quick-commerce leakage.

, Retail correspondent··4 min read

Wide supermarket aisle with stacked grocery cartons and price tags under cool overhead lighting
Wide supermarket aisle with stacked grocery cartons and price tags under cool overhead lighting

Avenue Supermarts reported standalone revenue of ₹19,206 crore for the quarter ended 30 September 2026, up 18.4 per cent year-on-year and 4.7 per cent sequentially. Store count reached 518 after 15 additions. Shares still fell more than 6 per cent on 5 October as markets fretted over demand and competition.

The update showed revenue recovery and steady store growth. Same-store sales growth stood at 3 per cent, or 11 per cent adjusted for the festive calendar shift. One outlet remains closed for reconstruction.

For the kirana competing next door or the dark-store rider two kilometres away, DMart’s price boards still set the everyday low benchmark. Any hesitation on passing through inflation shows up first at the till as smaller baskets or deferred non-food buys.

DMart revenue rose 18.4 per cent to ₹19,206 crore and stores hit 518, yet the stock dropped over 6 per cent.

The print squeezes pure grocery specialists and forces quick-commerce players to defend frequency with deeper promotions. Larger peers such as Reliance gain relative breathing room on assortment breadth.

Next watch is the full festive sell-through numbers and any commentary on private-label mix when detailed results arrive.

Filed under Retail·Meera Iyer

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