# Avenue Supermarts (DMART) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/dmart

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹3,425
- Change: +0.15%
- As of: 2026-11-06
- 1D return: +0.15%
- 5D return: +7.06%
- 1M return: -4.46%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

DMART (₹3,425) shows a short-term technical bounce within a broader multi-timeframe downtrend. On the daily chart, price sits above the 20-period EMA and SMA, with a bullish Supertrend signal and strong trend conviction (ADX 38.31). This contrasts sharply with weekly and monthly horizons, where price remains below all major moving averages and Supertrends, indicating a prevailing bearish structure. The stock is positioned in the upper-middle of its 20-day range (+64.3%) but near the lower end of its 252-day range (+20.9%). A significant upward gap anomaly occurred on 2026-10-30, coinciding with recent reversal candlestick patterns (Hammer, Outside Bar), suggesting localized buying interest. However, the stock is down -29.1% from its available high, with annualized volatility at +27.1%. Immediate resistance lies at ₹3,461.70 (1.07% above), while support is anchored at the pivot level of ₹3,424.10 (0.03% below).

- Trend Divergence: Daily indicators are bullish (price  20/50 EMAs, Supertrend up), while weekly and monthly structures remain bearish (price  all MAs, Supertrend down).
- Key Levels: Resistance at ₹3,461.70 (1.07%); Support at ₹3,424.10 (pivot, 0.03% below). Current price is ₹3,425.
- Momentum & Risk: ADX (daily) is 38.31, indicating established trend strength. Annualized volatility is +27.1%, with current drawdown at -29.1%.
- Recent Activity: An upward gap anomaly (+24.5% range) recorded on 2026-10-30 supports the short-term bounce, though YTD return remains negative (-7.8%).

- Outside Bar
- Inside Bar
- Hammer

### What Changed

On 5 November 2026, Avenue Supermarts Limited (DMART) filed with the NSE regarding the allotment of equity shares under its Employee Stock Option Scheme (ESOP), 2023. The Nomination and Remuneration Committee approved the issuance of 1,204 shares to eligible employees following the exercise of options at an exercise price of ₹3,350 per share. This transaction increased the company's paid-up share capital from ₹6,523,095,230 to ₹6,523,107,270, raising the total number of outstanding equity shares from 652,309,523 to 652,310,727. Each allotted share carries a face value of ₹10. These filings represent a minor dilutive event linked to employee compensation exercises rather than strategic fund-raising or major corporate restructuring.

- Allotment Date: 5 November 2026
- Shares Issued: 1,204 equity shares under ESOP 2023
- Exercise Price: ₹3,350 per share
- New Paid-Up Capital: ₹6,523,107,270 (increased by ₹12,040)
- Total Outstanding Shares: 652,310,727 (increased by 1,204)

- [Avenue Supermarts Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_14711_WebXMLFile_20261105_184453643.xml)
- [Avenue Supermarts Limited has informed the Exchange regarding Allotment of 1204 Shares under Avenue Supermarts Limited ESOP Scheme 2023 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/DMART_05112026185022_ASLESOPAllotment_05112026.pdf)

### Official Filings

Avenue Supermarts Limited reported strong financial performance for the quarter ended 30 September 2026, with standalone net profit after tax rising to ₹803.60 crore from ₹746.55 crore in the prior year period. Consolidated results also showed growth, with net profit at ₹742.98 crore versus ₹684.85 crore previously. The company continues its expansion strategy, opening new stores in Pune and Kiwale, bringing the total store count to 520 as of early November 2026.

On the capital front, DMART issued ₹200 crores in unsecured Commercial Paper on 29 October 2026, carrying a coupon rate of 7.20% and maturing on 11 December 2026. Additionally, the company allotted 1,204 equity shares to employees under its ESOP scheme 2023 at an exercise price of ₹3,350 per share, slightly increasing paid-up capital to ₹6,523,107,270.

However, investors should note that the Gujarat International Finance Tec-City Company Limited imposed a penalty of ₹55.75 lakhs on 26 October 2026 for non-compliance with project completion timelines. Management stated there is no material impact on operations beyond this financial extent, but the company is evaluating the penalty letter.

- Q2 FY2027 Standalone Net Profit: ₹803.60 crore (up from ₹746.55 crore YoY); Consolidated Net Profit: ₹742.98 crore (up from ₹684.85 crore YoY).
- Store Expansion: Total store count reached 520 as of 3 November 2026, following openings in GHS Mall, Pune (30 Oct) and Kiwale, Pune (3 Nov).
- Short-term Debt Issuance: Allotted ₹200 crores in Commercial Paper on 29 Oct 2026; Coupon Rate: 7.20%; Maturity: 11 Dec 2026.
- Regulatory Penalty: Imposed ₹55.75 lakhs by GIFT City Co. Ltd on 26 Oct 2026 for delayed project completion; management cites no material operational impact.

- [Avenue Supermarts Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_14711_WebXMLFile_20261105_184453643.xml)
- [Avenue Supermarts Limited has informed the Exchange regarding Allotment of 1204 Shares under Avenue Supermarts Limited ESOP Scheme 2023 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/DMART_05112026185022_ASLESOPAllotment_05112026.pdf)
- [Avenue Supermarts Limited has informed the Exchange regarding 'Store Opening Intimation'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/DMART_03112026173548_ASLInitmationStoreOpening03112026.pdf)
- [Avenue Supermarts Limited has informed the Exchange regarding 'Store Opening'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/DMART_30102026180249_ASLInitmationStoreOpening30102026.pdf)
- [Avenue Supermarts Limited has informed the Exchange about allotment of Commercial Paper of Rs. 200 crores |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/DMART_29102026173942_CPAllotmentIntimation29102026.pdf)
- [Avenue Supermarts Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_14711_WebXMLFile_20261027_170416343.xml)
- [Avenue Supermarts Limited has informed the Exchange about Action(s) initiated or orders passed |SUBJECT: Action(s) initiated or orders passed](https://nsearchives.nseindia.com/corporate/DMART_27102026171345_ASLInitmationReg30_27102026.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 74.48 | PUBLIC_VAL: 25.52 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 19-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741908_19102026063955_WEB.xml)
- [Avenue Supermarts Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/DMART_12102026173747_ASLNewspaperADIntimation12102026.pdf)
- [Avenue Supermarts Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DMART_10102026151828_ASLOutcomeofBM10102026.pdf)

### Fundamentals

Avenue Supermarts (DMART) is in an aggressive expansion phase, evidenced by a sharp rise in borrowings and fixed assets, which has begun to pressure near-term profitability. In Q2 FY27, sales grew sequentially to ₹19,657.54 crore, but net profit declined to ₹742.98 crore from ₹860.44 crore in Q1 FY27, driven by higher finance costs (₹63.90 crore vs ₹54.28 crore) and operating expenses. This reflects the lag between capital expenditure and earnings contribution.

Financial health shows increasing leverage: borrowings rose to ₹4,264 crore by Sep 2026, while CWIP stands at ₹1,624 crore, indicating ongoing store development. Despite this, cash conversion remains robust, with CFO/EBITDA at 87% for Mar 2026, and working capital days improved to 18 days. Return on Capital Employed (ROCE) has moderated to 17% (Mar 2026) from 19% (Mar 2024), consistent with the heavy investment cycle. Shareholding patterns show stable promoter holding (~74.5%) and slight DII accumulation.

The key dynamic is the trade-off between growth and margins. While TTM sales are ₹74,223 crore with 16% compounded sales growth, the recent quarterly profit dip highlights the sensitivity of earnings to interest costs and operational scaling. Investors should monitor whether new stores reach scale quickly enough to offset rising finance charges.

- Q2 FY27 Net Profit fell to ₹742.98 crore (from ₹860.44 crore in Q1) despite sequential sales growth to ₹19,657.54 crore, due to higher finance costs (₹63.90 crore) and expenses.
- Borrowings surged to ₹4,264 crore by Sep 2026 (from ₹820 crore in Mar 2025), supporting Fixed Asset growth to ₹21,588 crore and CWIP of ₹1,624 crore.
- Cash conversion quality remains strong at 87% (CFO/EBITDA, Mar 2026), and Working Capital Days improved to 18 days, indicating efficient working capital management despite leverage.
- ROCE moderated to 17% (Mar 2026) from 19% (Mar 2024), reflecting the impact of new capital on returns; next checkpoint is margin recovery in subsequent quarters as new stores ramp up.

### Bear Case

DMART faces a challenging technical setup as of November 6, 2026, with the stock trading at ₹3,425.0, reflecting significant recent underperformance. The share price has declined by 16.1% over the past year and 22.7% over the last six months, while the year-to-date return stands at -7.8%. Technical indicators highlight deteriorating momentum: the monthly super-trend is bearish, and the weekly trend shows negative slopes for both the 20-day (-197.79) and 50-day (-76.59) simple moving averages. Volatility remains elevated, with an annualized volatility of 27.1% and a current drawdown of -29.1%, approaching the maximum historical drawdown of -35.1%. While the daily super-trend remains bullish, resistance levels are close, with immediate resistance at ₹3,461.7 (1.07% above). On the operational front, broader regulatory scrutiny in Maharashtra’s food sector continues, with the FDA seizing goods worth over ₹9 crore and suspending licenses due to hygiene and safety violations, though specific actions against DMART are not detailed in the provided evidence.

- Significant price depreciation: Returns of -16.1% (1-year), -22.7% (6-month), and -7.8% (YTD) indicate sustained downward pressure.
- Bearish medium-term trends: Monthly super-trend is bearish; weekly SMAs show steep negative slopes (-197.79 for 20-day, -76.59 for 50-day).
- Elevated risk metrics: Current drawdown is -29.1% against a maximum of -35.1%, with annualized volatility at 27.1%.
- Regulatory environment: Maharashtra FDA enforcement actions have intensified, involving seizures worth ₹9.01 crore and license suspensions for hygiene violations.

- [Patanjali ghee among food stocks worth ₹9 crore seized by Maharashtra FDA in festive-season crackdown](https://www.businesstoday.in/india/story/patanjali-ghee-among-food-stocks-worth-rs9-crore-seized-by-maharashtra-fda-in-festive-season-crackdown-565450-2026-11-03)
- [Maharashtra FDA confiscates Patanjali stock, suspends licences](https://www.thehindu.com/news/national/maharashtra/maharashtra-fda-confiscates-patanjali-stock-suspends-licences/article71659514.ece)
- [Maharashtra FDA Acts Against Patanjali Ghee, Suspends 19 Food Licences](https://www.deccanchronicle.com/nation/current-affairs/maharashtra-fda-acts-against-patanjali-ghee-suspends-19-food-licences-2001258)
- [Maharashtra FDA seizes food worth Rs 9 crore, Patanjali ghee from super distributor; 19 licences suspended](https://timesofindia.indiatimes.com/city/mumbai/maharashtra-fda-seizes-food-worth-rs-9-crore-patanjali-ghee-from-super-distributor-19-licences-suspended/articleshow/135466295.cms)
- [Avenue Supermarts Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_14711_WebXMLFile_20261105_184453643.xml)
- [Avenue Supermarts Limited has informed the Exchange regarding Allotment of 1204 Shares under Avenue Supermarts Limited ESOP Scheme 2023 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/DMART_05112026185022_ASLESOPAllotment_05112026.pdf)
- [Avenue Supermarts Limited has informed the Exchange regarding 'Store Opening Intimation'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/DMART_03112026173548_ASLInitmationStoreOpening03112026.pdf)
- [Avenue Supermarts Limited has informed the Exchange regarding 'Store Opening'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/DMART_30102026180249_ASLInitmationStoreOpening30102026.pdf)
- [Avenue Supermarts Limited has informed the Exchange about allotment of Commercial Paper of Rs. 200 crores |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/DMART_29102026173942_CPAllotmentIntimation29102026.pdf)
- [Avenue Supermarts Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_14711_WebXMLFile_20261027_170416343.xml)

### FAQs

**What recent corporate actions has DMART taken regarding capital and funding?**

On November 5, 2026, DMART allotted 1,204 equity shares to employees under its ESOP Scheme 2023 at an exercise price of ₹3,350 per share. This increased the paid-up share capital to ₹6,523,107,270. Additionally, on October 29, 2026, the company allotted ₹200 crores in unsecured Commercial Paper with a 7.20% coupon rate, maturing on December 11, 2026.

**How is DMART expanding its physical store network?**

DMART opened two new stores in late October and early November 2026. A store at GHS Mall, Pune, opened on October 30, bringing the total count to 519. Another store at Kiwale, Pune, opened on November 3, raising the total store count to 520 as of that date.

**What are the current technical support and resistance levels for DMART stock?**

As of November 6, 2026, DMART closed at ₹3,425.00. Immediate support sits at the pivot level of ₹3,424.10, with further support at ₹3,382.40. Resistance levels are located at ₹3,461.70 (1.07% above), ₹3,503.40 (2.29% above), and ₹3,541.00 (3.39% above).

**How has DMART's stock performance trended over recent periods?**

The stock has faced significant downward pressure, with a year-to-date return of -7.8% and a 6-month return of -22.7%. The current drawdown stands at -29.1%, while the maximum drawdown recorded is -35.1%. However, the stock saw a short-term gain of +8.5% over the last 10 days.

- [Patanjali ghee among food stocks worth ₹9 crore seized by Maharashtra FDA in festive-season crackdown](https://www.businesstoday.in/india/story/patanjali-ghee-among-food-stocks-worth-rs9-crore-seized-by-maharashtra-fda-in-festive-season-crackdown-565450-2026-11-03)
- [Maharashtra FDA confiscates Patanjali stock, suspends licences](https://www.thehindu.com/news/national/maharashtra/maharashtra-fda-confiscates-patanjali-stock-suspends-licences/article71659514.ece)
- [Maharashtra FDA Acts Against Patanjali Ghee, Suspends 19 Food Licences](https://www.deccanchronicle.com/nation/current-affairs/maharashtra-fda-acts-against-patanjali-ghee-suspends-19-food-licences-2001258)
- [Maharashtra FDA seizes food worth Rs 9 crore, Patanjali ghee from super distributor; 19 licences suspended](https://timesofindia.indiatimes.com/city/mumbai/maharashtra-fda-seizes-food-worth-rs-9-crore-patanjali-ghee-from-super-distributor-19-licences-suspended/articleshow/135466295.cms)
- [Avenue Supermarts Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_14711_WebXMLFile_20261105_184453643.xml)
- [Avenue Supermarts Limited has informed the Exchange regarding Allotment of 1204 Shares under Avenue Supermarts Limited ESOP Scheme 2023 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/DMART_05112026185022_ASLESOPAllotment_05112026.pdf)
- [Avenue Supermarts Limited has informed the Exchange regarding 'Store Opening Intimation'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/DMART_03112026173548_ASLInitmationStoreOpening03112026.pdf)
- [Avenue Supermarts Limited has informed the Exchange regarding 'Store Opening'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/DMART_30102026180249_ASLInitmationStoreOpening30102026.pdf)
- [Avenue Supermarts Limited has informed the Exchange about allotment of Commercial Paper of Rs. 200 crores |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/DMART_29102026173942_CPAllotmentIntimation29102026.pdf)
- [Avenue Supermarts Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_14711_WebXMLFile_20261027_170416343.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹3,424.1
- Risk regime: Price Risk Requires Attention

### Support levels
- 3340
- 3102.3
- 3382.3999999999996

### Resistance levels
- 3635.3203125
- 3746.098046875
- 3997.084451293945

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.15% |
| return_10 | +8.47% |
| return_1m | -4.38% |
| return_1y | -16.10% |
| return_20 | -4.46% |
| return_3m | -12.88% |
| return_5 | +7.06% |
| return_6m | -22.72% |
| return_since_start | -3.82% |
| return_ytd | -7.83% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -35.11% |
| annualized_volatility | +27.08% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Revenue Rose, While Profit Before Tax and Net Profit Fell Sequentially

Avenue Supermarts Limited reported revenue of ₹19,644.01 crore for the half-year ended 30 September 2026. Compared with the previous reported quarter, revenue increased, while profit before tax and net profit declined.

## Revenue

Revenue from operations was ₹19,644.01 crore, up 4.5% from ₹18,794.53 crore in the previous quarter and 17.8% from ₹16,676.30 crore in the corresponding quarter a year earlier. It was the highest amount in the quarterly series shown.

## Profitability

Profit before tax was ₹1,024.84 crore, down 13.4% sequentially from ₹1,183.14 crore. Net profit was ₹742.98 crore, a 13.7% decline from ₹860.44 crore.

Profit before tax equalled about 5.2% of revenue, compared with 6.3% in the previous quarter and 5.7% in the corresponding quarter a year earlier. These figures show lower profit relative to revenue in the latest quarter.

## Finance Costs

Finance costs rose to ₹63.90 crore from ₹54.28 crore in the previous quarter and ₹34.96 crore a year earlier. They were about 0.3% of revenue. The increase in the expense amount is notable, but it does not by itself explain the change in profitability.

## Tax, Earnings Per Share and Comprehensive Income

Tax expense was ₹281.86 crore, about 27.5% of profit before tax; the comparable proportion in the previous quarter was about 27.3%.

Basic and diluted earnings per share were both ₹11.40, down from ₹13.20 in the previous quarter. Comprehensive income was ₹732.98 crore, ₹10 crore below net profit, alongside other comprehensive income of negative ₹10 crore.

## Management Commentary

In Q2FY27, Avenue Supermarts (DMart) delivered strong financial performance with standalone revenue growing 18.4% YoY to Rs.19,206 Cr and PAT rising 7.6% to Rs.804 Cr. Management highlighted that like-for-like growth in stores older than 24 months improved to 9.5% from 6.8% a year ago, indicating robust demand. The company added 15 new stores, bringing the total to 518 across 17 states, with retail business area of 21.4 mn sq ft. Management remains committed to its Everyday Low Cost-Everyday Low Price (EDLC-EDLP) strategy to offer best value to customers despite inflationary pressures, though entry-level wage inflation has marginally increased operating expenses. For the e-commerce business DMart Ready, management is focused on driving operational efficiencies and enhancing customer experience in the 19 cities currently served.

## Key Takeaway

Revenue increased from both the previous quarter and the corresponding quarter a year earlier, but profit before tax and net profit fell sequentially. Profit before tax was also lower relative to revenue than in either comparison period.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +74.48%
- FII holding: +9.22%
- DII holding: +8.67%
- Mutual fund holding: +6.64%
- Retail holding: +2.66%
- Promoter pledged: +0.00%

### Major reported shareholders

- Radhakishan Shivkishan Damani — +22.97%
- Bright Star Investments Private Limited — +13.61% (Bodies Corporate)
- Gopikishan Shivkishan Damani — +5.59%
- Gopikishan S. Damani And Radhakishan S. Damani (On behalf of Gulmohar Pvt Beneficiary Trust) — +4.75% (Trusts)
- Gopikishan S. Damani And Radhakishan S. Damani (On behalf of Karnikar Pvt Beneficiary Trust) — +4.75% (Trusts)
- Radhakishan S. Damani And Shrikantadevi Damani  (On behalf of Bottle Palm Pvt Beneficiary Trust) — +4.75% (Trusts)
- Radhakishan S. Damani And Shrikantadevi Damani  (On behalf of Royal Palm Pvt Beneficiary Trust) — +4.75% (Trusts)
- Radhakishan S. Damani And Shrikantadevi Damani (On behalf of Mountain Glory Pvt Beneficiary Trust) — +4.75% (Trusts)
- Jyoti Varun Kabra — +2.47%
- Manjri Chandak — +2.46%

## Official filings

- 2026-11-05 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_14711_WebXMLFile_20261105_184453643.xml)
- 2026-11-05 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_05112026185022_ASLESOPAllotment_05112026.pdf)
- 2026-11-03 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_03112026173548_ASLInitmationStoreOpening03112026.pdf)
- 2026-10-30 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_30102026180249_ASLInitmationStoreOpening30102026.pdf)
- 2026-10-29 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_29102026173942_CPAllotmentIntimation29102026.pdf)
- 2026-10-27 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_14711_WebXMLFile_20261027_170416343.xml)
- 2026-10-27 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_27102026171345_ASLInitmationReg30_27102026.pdf)
- 2026-10-19 — Shareholding Disclosure: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741908_19102026063955_WEB.xml)
- 2026-10-12 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_12102026173747_ASLNewspaperADIntimation12102026.pdf)
- 2026-10-10 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_10102026151828_ASLOutcomeofBM10102026.pdf)
- 2026-10-10 — Press Release: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_10102026153213_ASLPressRelease10102026.pdf)
- 2026-10-10 — Earnings Presentation: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_10102026153516_ASLInvestorPresentation10102026.pdf)
- 2026-10-10 — Financial Results Filing: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1735453_10102026050835_WEB.xml)
- 2026-10-10 — Financial Results Filing: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1735452_10102026050830_WEB.xml)
- 2026-10-09 — Credit Rating Update: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_09102026183437_ASLICRACreditRatingIntimation09102026.pdf)
- 2026-10-07 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_14711_WebXMLFile_20261007_165319661.xml)
- 2026-10-07 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_07102026170028_ASLESOPAllotment_07102026.pdf)
- 2026-10-07 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_07102026170847_ASLComplianceCertificateUnderRegulation74_5_30092026.pdf)
- 2026-10-03 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_03102026122118_ASLQuarterUpdateSep2026.pdf)
- 2026-10-01 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_14711_WebXMLFile_20261001_182744493.xml)
- 2026-10-01 — Board Meeting Notice: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_01102026181954_NoticeofBoardMeetingSep2026.pdf)
- 2026-10-01 — Board Meeting Notice: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_14711_WebXMLFile_20261001_182744493.xml)
- 2026-09-30 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_30092026172908_CPAllotmentIntimation30092026.pdf)
- 2026-09-29 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_29092026183814_RedemptionofCP2909026.pdf)
- 2026-09-28 — Generic Announcement: Avenue Supermarts Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DMART_28092026182626_RedemptionofCP2809026.pdf)

## News and market events

- 2026-11-03 — BUSINESSTODAY: **Patanjali ghee among food stocks worth ₹9 crore seized by Maharashtra FDA in festive-season crackdown** — The Maharashtra Food and Drug Administration seized food articles worth over ₹9 crore, including Patanjali cow ghee valued at ₹20.20 lakh, during a special festive-season crackdown for suspected misbranding and adulteration. The agency suspended the licenses of 19 food business operators across seven divisions due to serious hygiene deficiencies and safety violations, while also registering FIRs and arresting individuals. Additionally, show-cause notices were issued to Tata 1mg, Amazon, and Flipkart regarding alleged labeling and advertising violations by FSSAI. — [Source](https://www.businesstoday.in/india/story/patanjali-ghee-among-food-stocks-worth-rs9-crore-seized-by-maharashtra-fda-in-festive-season-crackdown-565450-2026-11-03)
- 2026-11-03 — The Hindu: **Maharashtra FDA confiscates Patanjali stock, suspends licences** — The Maharashtra Food and Drug Administration conducted inspections from October 28 to 31, resulting in the confiscation of 3,53,000 kg of goods valued at ₹9.01 crore and the suspension of 19 licenses due to hygiene violations and suspected adulteration. The crackdown involved 13 FIRs and 16 arrests, with specific seizures including 2,279.7 litres of Patanjali ghee from a distributor in Chhatrapati Sambhajinagar and large quantities of oil and other food items from establishments in Mumbai, Amravati, and Satara. — [Source](https://www.thehindu.com/news/national/maharashtra/maharashtra-fda-confiscates-patanjali-stock-suspends-licences/article71659514.ece)
- 2026-11-03 — DECCANCHRONICLE.COM: **Maharashtra FDA Acts Against Patanjali Ghee, Suspends 19 Food Licences** — The Maharashtra Food and Drug Administration suspended 19 food business licences and seized stock worth over Rs 9 crore during a festive-season drive, including Patanjali cow ghee from super distributor M/s Divya Mahavitarak on suspicion of misbranding and adulteration. The agency also took action against other entities for hygiene deficiencies and registered FIRs, while the FSSAI issued show-cause notices to Tata 1mg Healthcare Solutions, ACFO Pharmaceuticals, Amazon Seller Services, and Flipkart India regarding alleged labelling and advertising violations. — [Source](https://www.deccanchronicle.com/nation/current-affairs/maharashtra-fda-acts-against-patanjali-ghee-suspends-19-food-licences-2001258)
- 2026-11-02 — Times of India: **Maharashtra FDA seizes food worth Rs 9 crore, Patanjali ghee from super distributor; 19 licences suspended** — The Maharashtra Food and Drug Administration seized food products worth over Rs 9 crore, including more than 2,200 litres of Patanjali cow ghee from a super distributor in Chhatrapati Sambhajinagar, citing suspicions of misbranding and adulteration. During the same festive-season enforcement drive, the agency suspended the licences of 19 food business operators for hygiene violations and confiscated banned items worth Rs 79.40 lakh from multiple establishments. — [Source](https://timesofindia.indiatimes.com/city/mumbai/maharashtra-fda-seizes-food-worth-rs-9-crore-patanjali-ghee-from-super-distributor-19-licences-suspended/articleshow/135466295.cms)
- 2026-10-20 — REDIFF.COM: **DMart Faces Margin Pressure, Higher Costs Amidst Aggressive Store Expansion** — Avenue Supermarts (DMart) reported lower-than-expected Q2FY27 performance, with revenue growth of 18.4 per cent year-on-year but visible margin pressure, leading to a 4.5 per cent stock drop. The company faces challenges from lower-margin sales, operating cost pressures, and aggressive store expansion, impacting profitability despite improved same-store sales growth. — [Source](https://www.rediff.com/business/report/dmart-q2fy27-results-margin-contraction-rising-costs-and-future-profitability-outlook/20261020.htm)
- 2026-10-12 — CNBC-TV18: **11:11 | Iran rejects US response on Hormuz; Apple bets big on smart homes; Suzlon gets 73% upside call** — Iran calls the US response to its proposal to reopen the Strait of Hormuz “insufficient”, as crude prices remain volatile amid attacks on Saudi Arabia and commercial shipping. Apple prepares a major smart-home push, while Motilal Oswal sees 73% upside in Suzlon Energy. — [Source](https://www.cnbctv18.com/business/iran-rejects-us-response-on-hormuz-apple-bets-big-on-smart-homes-suzlon-gets-73-upside-call-20009674.htm)
- 2026-10-12 — MONEYCONTROL: **D-Mart: LFL growth picks up, but earnings lag** — D-Mart, Titan Company, Trent Limited — [Source](https://www.moneycontrol.com/news/business/stocks/d-mart-lfl-growth-picks-up-but-earnings-lag-14049856.html)
- 2026-10-12 — BUSINESSTODAY: **DMart shares tank 4%: Rs 3,214 or Rs 5,723? Bernstein, JPMorgan, HSBC, Goldman Sachs targets** — DMart share price, Why DMart shares falling today, DMart target 2026, DMart share — [Source](https://www.businesstoday.in/markets/stocks/story/dmart-shares-tank-4-rs-3214-or-rs-5723-bernstein-jpmorgan-hsbc-goldman-sachs-targets-560924-2026-10-12)
- 2026-10-12 — CNBC-TV18: **Avenue Supermarts shares may see pressure after Q2 margin miss - Should you buy, hold, or sell?** — 32 analysts have coverage on Avenue Supermarts, of which 11 have a "buy" rating, 12 say "hold", and nine have a "sell" rating. The consensus estimates of price targets implies an upside potential of 12.8% from current levels. — [Source](https://www.cnbctv18.com/market/avenue-supermarts-dmart-share-price-buy-hold-or-sell-after-q2-results-margin-pressure-target-upside-returns-20009597.htm)
- 2026-10-11 — FREEPRESSJOURNAL.IN: **DMart Q2 FY27 Results: Net Profit Falls 13.7% QoQ To ₹743 Crore; Revenue Rises 4.5%** — DMart — [Source](https://www.freepressjournal.in/business/dmart-q2-fy27-results-net-profit-falls-137-qoq-to-743-crore-revenue-rises-45)
- 2026-10-10 — IANSLIVE.IN: **DMart Q2 net profit falls 13.6 pc sequentially to Rs 743 crore in FY27** — New Delhi, Oct 10 (IANS) Avenue Supermarts Ltd -- which owns and operates DMart stores -- on Saturday reported a 13.6 per cent quarter-on-quarter decline in consolidated net profit to Rs 742.98 crore for the quarter ended September in the current fiscal year. — [Source](https://ianslive.in/dmart-q2-profit-falls-136-pc-sequentially-to-rs-743-crore-in-fy27--20261010194438)
- 2026-10-10 — Mint: **DMart’s Q2 profit growth trails revenue as expenses rise | Company Business News** — DMart posted strong revenue growth in the September quarter, helped by better sales at mature stores and continued network expansion. — [Source](https://www.livemint.com/companies/dmarts-q2-profit-growth-trails-revenue-as-expenses-rise-11791630204915.html)
- 2026-10-10 — MONEYCONTROL: **DMart’s Q2FY27 net profit rises 8.5% to Rs 743 crore, revenue grows 17.8%** — DMart’s Q2FY27 net profit rises, DMart Q2 profit, DMart Q2 results — [Source](https://www.moneycontrol.com/news/business/dmart-s-q2fy27-net-profit-rises-8-5-to-rs-743-crore-revenue-grows-17-8-14049152.html)
- 2026-10-10 — Economic Times: **DMart Q2 Results: Cons profit rises nearly 9% YoY to Rs 743 crore, revenue jumps 18%** — DMart operator Avenue Supermarts reported an 8.5% year-on-year rise in consolidated net profit to Rs 743 crore in Q2FY27, while revenue grew 17.8% to Rs 19,644 crore. However, EBITDA and profit after tax margins declined amid entry-level wage inflation. The company opened 15 new stores during the quarter, taking its total to 518. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/dmart-q2-results-cons-profit-rises-nearly-9-yoy-to-rs-743-crore-revenue-jumps-18/articleshow/134851993.cms)
- 2026-10-10 — The Hindu: **D-Mart profit rises 8.5% to ₹743 crore in Q2** — Avenue Supermarts posts 8.5% profit rise to ₹743 crore and 17.8% revenue growth to ₹19,644 crore in Q2. — [Source](https://www.thehindubusinessline.com/companies/d-mart-profit-rises-85-to-743-crore-in-q2/article71567787.ece)
- 2026-10-10 — CNBC-TV18: **Avenue Supermarts Q2 net profit rises 8.5%, revenue up 17.8%** — Avenue Supermarts reported an 8.5% rise in consolidated net profit to 743.5 crore rupees for the quarter ended 30 September 2026, with revenue increasing 17.8% to 19,644 crore rupees. — [Source](https://www.cnbctv18.com/market/avenue-supermarts-dmart-q2-net-profit-rise-revenue-share-price-stock-20009046.htm)
- 2026-10-10 — The Hindu: **Avenue Supermarts (DMart) Q2 results live: Earnings, revenue, profit updates** — Supermarts (DMart) Q2 results LIVE updates: Follow the latest announcements and developments on the company's September quarter earnings, revenue and profit, along with updates on Premier Polyfilm, Karnika Industries and LCC Infotech. — [Source](https://www.thehindubusinessline.com/companies/avenue-supermarts-earnings-d-mart-q2-results-today-live-news-updates-10-october-2026/article71567080.ece)
- 2026-10-05 — Mint: **Value retail stocks slide on cautious consumer spending** — The correction reflects growing investor anxiety that higher prices and softer demand could squeeze the value-retailers’ core proposition. — [Source](https://www.livemint.com/market/stock-market-news/value-retail-stocks-slide-on-cautious-consumer-spending-11791201715070.html)
- 2026-10-05 — Economic Times: **Retailers post high double-digit revenue growth in Q2 despite festive season shift** — Retail companies have shown strong revenue growth in the July-September quarter of 2026. Avenue Supermarts Ltd reported an 18.4 per cent increase in standalone revenue, reaching Rs 19,206.18 crore. V-Mart Retail and V2 Retail also reported substantial year-on-year revenue growth during this period. The festive season has shifted by 19 days, impacting sales performance reports across retailers. October to December is expected to capture more festive-led retail demand this year. — [Source](https://economictimes.indiatimes.com/industry/services/retail/retailers-post-high-double-digit-revenue-growth-in-q2-despite-festive-season-shift/articleshow/134705800.cms)
- 2026-10-05 — MONEYCONTROL: **Avenue Supermarts shares fall 6% as Citi maintains 'sell' rating on stock** — Avenue Supermarts shares, Avenue Supermarts shares today, Avenue Supermarts share price today news, Avenue Supermarts shares today nse — [Source](https://www.moneycontrol.com/news/business/markets/avenue-supermarts-shares-fall-6-as-citi-maintains-sell-rating-on-stock-14044752.html)
- 2026-09-26 — The Hindu: **Tech Query: Tata Chemicals, Chennai Petroleum Corporation Limited (CPCL), Avenue Supermarts (DMart), Shakti Pumps India — What is the outlook? Where are these stocks headed?** — Outlook and trading levels for Tata Chemicals, CPCL, Avenue Supermarts, and Shakti Pumps India with price targets, supports, and exit guidance. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/tech-query-tata-chemicals-chennai-petroleum-corporation-limited-cpcl-avenue-supermarts-dmart-shakti-pumps-india-what-is-the-outlook-where-are-these-stocks-headed/article71508852.ece)
- 2026-09-22 — Mint: **UPI MDR to pinch retailers with bigger baskets, while sparing others | Company Business News** — The MDR could pressure margins for retailers with larger baskets, while lower-ticket businesses remain largely insulated. — [Source](https://www.livemint.com/companies/upi-mdr-charge-impact-retailers-e-commerce-companies-above-2000-11789973148560.html)
- 2026-09-17 — Mint: **Top stocks in focus tomorrow: Investors must watch Wipro, Bharat Electronics, DMart shares on Fri, 18 Sept | Triggers** — Investors in the Indian stock market will track developments from companies such as Bharat Electronics and Oil India on September 18. The market demonstrated modest gains on September 17, with the Nifty 50 up 0.23%, despite the US Federal Reserve's rate hike. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-in-focus-tomorrow-investors-must-watch-wipro-bharat-electronics-dmart-shares-on-fri-18-sept-triggers-11789641035492.html)
- 2026-09-16 — CNBC-TV18: **Here are the stocks India's Mutual Funds bought and sold in August** — Among the most bought industry wide stocks, LIC led that list as Mutual Funds piled into India's largest insurer during its mega Offer For Sale (OFS). Fund houses purchased LIC shares worth over ₹24,000 crore according to the Prime Database data. Other stocks in the list include HDFC Bank (₹5,492 crore), Bharti Airtel (₹3,870 crore), the newly listed Dhoot Transmission (₹3,130 crore) and Aster DM (₹2,967 crore). — [Source](https://www.cnbctv18.com/photos/market/mutual-fund-buying-and-selling-august-lic-eternal-hdfc-bank-kotak-sbi-ril-share-price-19991413.htm)
- 2026-09-08 — MONEYCONTROL: **Axis AMC PMS fund dumps DMart on q-comm squeeze, exits REC over state discom credit risks** — Axis AMC, PMS, Alternates, Axis brokerage. portfolio management — [Source](https://www.moneycontrol.com/news/business/markets/axis-amc-pms-fund-dumps-dmart-on-q-comm-squeeze-exits-rec-over-state-discom-credit-risks-14024970.html)

## Business profile

**Strategic vision:** Indian retailer offering home and personal products at competitive prices.

### Business segments
- **Supermarkets and Hypermarkets:** Operates a chain of supermarkets and hypermarkets offering a wide array of home and personal products at competitive prices.
- **DMart Ready:** Offers an omnichannel experience through its 'DMart Ready' platform, providing online ordering in specific catchments.

### Competitive strengths
- Owning store properties minimizes rental expenses.
- Operational efficiency and supply chain management enable high inventory turnover.
- Focus on value retailing and consistently low prices appeals to middle-class households.

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- [Trent Limited (Retail)](https://faxioms.com/stocks/trent) — +0.79%
- [Aditya Birla Fashion and Retail Limited (Retail)](https://faxioms.com/stocks/abfrl) — -6.34%
- [Aditya Birla Lifestyle Brands Limited (Retail)](https://faxioms.com/stocks/ablbl) — -0.57%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/dmart
Markdown representation: https://faxioms.com/stocks/dmart?render=md