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D-Mart Q2 revenue rises 18.4% to ₹19,206 crore; store count reaches 518
Our read
D-Mart holds high-teens year-on-year revenue growth next quarter, with another sequential gain on the ₹19,206 crore base as its store count climbs past 518.
For strategy teams
With 518 stores and double-digit growth, D-Mart is the benchmark for value-grocery valuation comps and the standard any acquisition or partnership target will be measured against, and the Sanpada reconstruction shows it is also redeveloping existing sites, not only adding new ones.
Watch
Avenue Supermarts' full Q2 results showing operating margin and profit against the revenue growth
Ask next
The report,
Avenue Supermarts, which runs D-Mart, reported an 18.4 per cent rise in standalone Q2 revenue from operations to ₹19,206.18 crore. The chain had 518 stores as of September 30, including the Sanpada store closed for reconstruction.
up 18.4 per cent
Reported figures
From the report. Source details below
| Quarter-on-quarter revenue growth: | 4.7 per cent |
|---|---|
| Q2 revenue a year ago: | ₹16,218.79 crore |
| June quarter revenue: | ₹18,343.49 |
What to watch next
- The next quarterly update showing revenue above ₹19,206 crore
- Any store count above 518 at the next reporting date
- Reopening of the Sanpada store after reconstruction
- Year-on-year growth falling below or holding at 18.4%
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Avenue Supermarts is likely to keep adding stores beyond the 518 reported at September 30, and to keep the Sanpada store's reconstruction within its store count.
- Expect Avenue Supermarts to publish fuller results, with margins and profit, that show whether the 18.4% revenue growth carried through to earnings.
- Rival value and omnichannel grocers may defend share near D-Mart catchments with promotions, since D-Mart's growth is pulling volume toward its stores.
- Customers are likely to keep favouring D-Mart's value pricing, which supports repeat footfall in the festive quarter.
The source
Published
Also reported by Business Standard, Mint, NDTV Profit, India Retailing, Apparel Resources India
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