DMart posts 15.1% standalone Q1 revenue growth as Marico guides to low-twenties gains

Avenue Supermarts (DMart) reported 15.1% standalone revenue growth in Q1, while Marico expects low-twenties percent revenue growth across core, digital and international businesses. Updates surface alongside broader market strength as Fed rate-hike bets ease.

— Source publishedFri, 3 Jul, 2026, 08:01 IST·First seen Fri, 3 Jul, 2026, 08:05 IST·Source The Hindu BusinessLine

What happened

Avenue Supermarts (DMart) · Amid a market open note, key retail-relevant Q1 updates surface: DMart operator Avenue Supermarts posts 15.1% standalone revenue

Key facts

  • DMart standalone revenue +15.1% Q1
  • Marico Q1 revenue growth low-twenties percent
  • Bajaj Finance new loans +20%, AUM +24%
  • Nifty 50 close 24,175.7

Why this matters

Divergent growth trajectories between DMart's grocery retail and Marico's diversified core-plus-digital-plus-international mix highlight where scaling and channel-expansion plays may command premium valuations.

What to watch

  • DMart quarterly SSSG print falling below high-single-digits
  • Marico volume growth divergence from revenue guidance (price vs volume mix)
  • Fed rate decision and INR/commodity moves affecting FMCG input costs
  • Quick-commerce grocery GMV acceleration in DMart core markets
  • Any DMart guidance on store-addition pace or online (DMart Ready) scaling
  • Track DMart same-store sales (SSSG) and revenue-per-sq-ft trend versus store-count-driven growth
  • Monitor Marico execution against low-twenties guide across digital and international segments
  • Watch competitive response from Reliance Retail and quick-commerce players (Blinkit, Zepto) on grocery pricing
  • Assess gross margin trajectory as input costs (copra, edible oil) and discounting evolve