D-Mart Reports Significant Growth in Q3 Earnings

Avenue Supermarts Ltd, the parent company of the popular retail chain D-Mart, announced a notable 4.8% increase in its consolidated net profit, reaching Rs 723.54 crore for the third quarter ending December 2024. This growth is a testament to the company's robust business model and effective management strategies.

Revenue and Expenses: The company's revenue from operations saw a substantial rise of 17.68%, amounting to Rs 15,972.55 crore. However, total expenses also increased by 18.52% to Rs 15,001.64 crore, reflecting the company's investment in expanding its operations and enhancing customer experience.

CEO Neville Noronha on D-Mart's Performance

Neville Noronha, CEO and Managing Director of Avenue Supermarts, highlighted the company's same-store revenue growth of 8.3% for stores operational for over two years. He also mentioned the challenges posed by increased discounting in the FMCG sector but noted a relative reduction in impact compared to the previous quarter.

Noronha emphasized the growth of D-Mart's online ordering service, DMart Ready, which saw a 21.5% increase in the first nine months of FY 2025. He pointed out the shifting consumer preference towards home delivery over pick-up points and assured that D-Mart is aligning its business model to cater to this demand.

As of December 31, 2024, D-Mart operates 387 stores with a retail business area of 16.1 million sq. ft., continuing to serve a wide range of markets across India with essential home and personal products.