DMart Q1 FY27 preview: revenue seen up ~15%, profit and EBITDA to grow in double digits
Brokerages expect DMart to post ~15% YoY revenue growth to about Rs 18,814 cr, EBITDA near Rs 1,448 cr (+11.4%) and PAT around Rs 839 cr (+9%) for Q1 FY27. Watch margin pressure (7.7% vs 7.9%), SSSG, store additions (503 stores, 3 added) and demand outlook amid rising quick-commerce competition.
What happened
Avenue Supermarts (DMart) · DMart reports Q1 FY27 earnings July 11, with brokerages expecting ~15% revenue growth and double-digit profit/EBITDA gains. Key
Key facts
- Revenue Rs 18,814 cr (Axis, +15% YoY)
- EBITDA Rs 1,448 cr (+11.4%)
- PAT Rs 839 cr (+9%)
- EBITDA margin 7.7% vs 7.9%
- Standalone revenue Rs 18,343.49 cr (+15%)
- 503 stores, 3 added
Why this matters
Slowing store additions and margin softness amid rising quick-commerce competition may prompt DMart to accelerate omnichannel or last-mile capabilities, opening M&A or partnership angles in rapid-delivery grocery.
What to watch
- SSSG print vs prior quarters (deceleration = q-comm threat validated)
- EBITDA margin: 7.7% baseline; below = negative surprise
- Store count trajectory (only 3 net adds flagged; sustained slowdown is a red flag)
- Revenue per sq ft and bill-cut/ticket-size trends
- Guidance tone on discretionary/general merchandise demand
- Monitor management commentary on quick-commerce response and metro store productivity
- Track pace of store additions vs guidance to gauge expansion appetite
- Watch brokerage EPS revisions and target-price resets post-print
- Assess gross margin vs opex split to isolate source of margin softness