DMart Q1 FY27: Revenue up 15.1% to Rs 18,343 cr, net profit up 12.8%; approves Rs 1,000 cr NCD raise
Avenue Supermarts posted Q1 FY27 revenue of Rs 18,343 crore (up 15.1%) and net profit of Rs 936 crore (up 12.8%), with EBITDA up 16.2% to Rs 1,526 crore. The DMart operator also approved a Rs 1,000 crore fundraise via NCDs and appointed Lalit Ahuja as COO.
What happened
Avenue Supermarts (DMart) · DMart operator Avenue Supermarts posted Q1 FY27 revenue up 15.1% to Rs. 18,343 crore and net profit up 12.8% to Rs. 936 crore,
Key facts
- Revenue up 15.1% to Rs. 18,343 crore
- EBITDA up 16.2% to Rs. 1,526 crore
- Net profit up 12.8% to Rs. 936 crore
- fundraising up to Rs. 1,000 crore via NCDs
Why this matters
The Rs 1,000 crore NCD approval flags a debt-funded capital plan likely to accelerate store rollout and infrastructure buildout, opening potential supplier and real-estate partnership discussions.
What to watch
- Same-store-sales growth (SSSG) print in coming quarters — sub-10% would confirm quick-commerce drag
- Gross margin and EBITDA margin sequential trend
- Net store count additions vs FY27 guidance
- NCD issuance terms and coupon (cost of capital signal)
- Competitive pricing actions from Reliance Retail, quick-commerce grocery discounting
- Watch management commentary on gross margin trajectory and general merchandise/apparel recovery in earnings call
- Track store addition cadence over next 2 quarters to validate NCD deployment intent
- Monitor DMart Ready GMV growth and delivery expansion into new cities
- Assess COO's early operational initiatives and any org restructuring signals