India’s DMart reports 8.5% rise in profit to ₹743 crore:Revenue grows 18%, and store count reaches 518 in Q2

Avenue Supermarts Limited, which operates the retail chain DMart, posted a consolidated net profit of ₹743 crore in the second quarter of financial year 2026-27. This was an 8.5% year-on-year increase. The company had posted a profit of ₹685 crore in the second quarter of last year. DMart generated revenue of ₹19,644.01 crore in the July-September quarter, an 18% year-on-year increase. The company’s revenue in the corresponding quarter last year was ₹16,676.30 crore. Revenue is the money earned from selling goods and services. The company’s shares may rise on Monday The company’s shares may see a rise on Monday following the strong results. Before the results were announced, Avenue Supermarts (DMart) shares fell 1.79% to close at 3,521 on Friday, 9 October. The company’s shares have fallen 5% in a month and around 20% in a year. Damani is the founder of supermarket chain DMart Radhakishan Damani is the founder of supermarket chain DMart. He started DMart in 2002 in Mumbai’s Powai area, where he opened the company’s first store. In 1999, Damani had started a franchise of Apna Bazaar in Nerul, Navi Mumbai, but he was not satisfied with the model. DMart made its stock market debut in 2017 Supermarket chain DMart is operated by Avenue Supermarts Limited (ASL). Neville Noronha is the CEO of Avenue Supermarts. Radhakishan Damani’s company DMart, now 71 years old, made its stock market debut in 2017. DMart was listed on the stock market on 21 March 2017, when the company’s market capitalisation stood at ₹39,988 crore. It now stands at ₹2.29 lakh crore.