D-Mart Q1 FY27: Profit Up 13% to Rs 936 Crore, Revenue Rises 15% on Non-Metro Push
Avenue Supermarts posted an in-line quarter with net profit up 12.8% to Rs 936 crore and revenue up 15.1% to Rs 18,343 crore. EBITDA rose 16.2% to Rs 1,526 crore at 8.3% margin, while LFL growth held at 5.5%. The board approved up to Rs 1,000 crore in NCDs and named Lalit Ahuja as COO.
What happened
DMart · D-Mart operator Avenue Supermarts posted 12.8% profit rise to Rs 936 crore in Q1 FY27, in-line with estimates. Revenue grew 15.1%, driven by non-metro
Key facts
- net profit up 12.8% to Rs 936 crore
- revenue up 15.1% to Rs 18,343 crore
- EBITDA up 16.2% to Rs 1,526 crore
- margin 8.3%
- LFL growth 5.5%
- 11 crore bill cuts
- NCD raise up to Rs 1,000 crore
- share price Rs 4,083.05
Why this matters
The Rs 1,000 crore NCD approval and appointment of Lalit Ahuja as COO point to a funded, professionalized push into non-metro expansion worth tracking for future store-network and capital-structure moves.
What to watch
- LFL growth trend (below 5% = red flag; above 7% = rerating)
- EBITDA margin sustainability at/above 8.3%
- Quarterly store count additions and non-metro mix
- Quick-commerce competitor funding and metro penetration data
- NCD utilization vs capex guidance
- Track NCD deployment cadence and store-addition run-rate over next 2 quarters
- Watch COO Ahuja's mandate — likely supply chain and store-format execution
- Monitor D-Mart Ready / online losses as quick-commerce defense
- Analyst focus shifts to LFL trajectory over headline profit growth