DMart Q1 FY27 net profit up 11.3% to Rs 861 crore as same-store growth cools to 5.5%
Avenue Supermarts beat profit estimates with revenue up 14.9% to Rs 18,794 crore, but SSG slowed to 5.5% amid quick-commerce pressure. Only three stores added, taking the count to 503. Board cleared a Rs 1,000 crore NCD issue and senior leadership changes.
What happened
DMart's Q1 FY27 net profit rose 11.3% to Rs 861 crore, beating estimates, but same-store sales growth slowed to 5.5% amid quick-commerce competition. Only three
Key facts
- net profit Rs 861 crore
- up 11.3% YoY
- revenue Rs 18,794 crore
- revenue up 14.9%
- Ebitda Rs 1,499 crore
- Ebitda margin 8%
- SSG 5.5%
- 503 stores
- 3 stores added
- Rs 1,000 crore NCD
- Rs 100 crore Thane real estate
Why this matters
The Rs 1,000 crore NCD issue and senior leadership changes suggest DMart is shoring up capital and management bandwidth to respond to intensifying quick-commerce disruption.
What to watch
- Q2 FY27 SSG print — whether it stabilizes above 5% or slips further
- Store addition cadence over next two quarters vs guidance
- Quick-commerce GMV growth in metros DMart operates in
- Gross and EBITDA margin trajectory as competitive intensity rises
- Details on senior leadership changes and succession
- Deploy NCD capital toward accelerated store additions and supply-chain/distribution build-out
- Scale DMart Ready and dark-store pilots in metros to counter quick-commerce
- Lean on private-label mix and vendor terms to protect gross margin amid slower SSG
- Communicate leadership transition roadmap to reassure institutional investors