DMart Q2 Results: Profit Up 8.5% YoY, Down 13.6% QoQ; Margins Slip
DMart’s Q2 FY27 net profit fell 13.6% from the June quarter to ₹743 crore but rose 8.5% year-on-year. Revenue grew 17.8%, yet margins narrowed. Key numbers explained.
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“DMart Q2 Results: Profit Up 8.5% YoY, Down 13.6% QoQ; Margins Slip”
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10 Oct 2026
Key Highlights
- Profit: Net profit was ₹742.98 crore, down 13.6% from the June quarter but up 8.5% from a year ago.
- Revenue: ₹19,644 crore, up 4.5% quarter-on-quarter and 17.8% year-on-year.
- Costs: Total expenses rose 18.29% year-on-year, slightly faster than revenue.
- Expansion: 15 new stores opened, taking the total to 518.
- Stock: Shares closed at ₹3,520 on Friday, down about 18% over the past year.
Avenue Supermarts, which runs the DMart chain, reported a consolidated net profit of ₹742.98 crore for the September quarter (Q2 FY27). That is 13.6% lower than the previous quarter but 8.5% higher than the same quarter last year.
| Metric | Q2 FY27 | Q1 FY27 | Q2 FY26 |
|---|---|---|---|
| Revenue from operations | ₹19,644 cr | ₹18,794.53 cr | ₹16,676.30 cr |
| Net profit | ₹742.98 cr | ~₹860 cr* | ₹684.85 cr |
| Profit before tax | ₹1,024.84 cr | ₹1,183.14 cr | ₹944.79 cr |
| Net margin* | ~3.8% | ~4.6% | ~4.1% |
Calculated from reported figures.
Why It Matters: Growing Fast, Earning Less on Each Rupee
DMart’s sales growth remains strong, up nearly 18% from a year ago, as it keeps opening stores. But profit grew less than half as fast, at 8.5%. The reason shows up in costs: total expenses rose 18.29% year-on-year, slightly faster than revenue.
