Avenue Supermarts (DMART) Q3 24/25 earnings summary

Executive summary

• Achieved revenue from operations of ₹49,533 Cr for 9M FY25, up from ₹43,327 Cr in 9M FY24, reflecting strong growth year-over-year.

• PAT for 9M FY25 stood at ₹2,556 Cr, compared to ₹2,091 Cr in 9M FY24, with PAT margin at 5.2%.

• Approved unaudited standalone and consolidated financial statements for the quarter and nine months ended 31st December 2024, reviewed by statutory auditors with no material misstatements noted.

• Announced key senior management changes, including appointment of a new CEO Designate and other leadership roles effective March 2025 and January 2025.

• Continued expansion with 387 stores at the end of 9M FY25, up from 365 stores at 9M FY24.

Financial highlights

• EBITDA for 9M FY25 was ₹3,561 Cr, with an EBITDA margin of 7.2%, slightly lower than 8.2% in 9M FY24.

• Revenue from sales per retail business area increased to ₹9,317/sq ft in Q3 FY25 from ₹9,014/sq ft in Q3 FY24.

• Like-for-like growth (24 months) was 8.6% in Q3 FY25, up from 7.7% in Q3 FY24.

• Standalone revenue for Q3 FY25 was ₹15,565.23 crore, up from ₹13,247.33 crore in Q3 FY24; nine-month revenue reached ₹43,327.42 crore, up from ₹37,139.49 crore year-over-year.

• Consolidated revenue for Q3 FY25 was ₹15,972.55 crore, up from ₹13,572.47 crore in Q3 FY24; nine-month consolidated revenue was ₹44,486.19 crore, up from ₹38,062.28 crore year-over-year.

Outlook and guidance

• Cluster-based expansion strategy continues, with presence in 25 cities for DMart Ready and ongoing store additions.

• Management expects continued focus on retail expansion and operational efficiency, with new leadership set to drive future growth.