Overview

• Consolidated revenue rose to ₹16,676.3 crore and net profit increased 4% to about ₹685 crore, with EBITDA up 11% to roughly ₹1,214 crore and the operating margin easing to about 7.3%.
• Total expenses climbed to ₹15,751 crore on higher purchases of stock‑in‑trade and increased employee costs, and the net profit margin slipped to about 4.1%.
• The retailer added eight stores in the quarter for a total of 432, with first‑half additions at 14 and a continued push into Uttar Pradesh including Agra.
• DMart Ready exited five smaller cities—Amritsar, Belagavi, Bhilai, Chandigarh and Ghaziabad—while 10 new fulfilment centres were opened; the online footprint now spans 19 cities versus 24 earlier.
• CEO‑designate Anshul Asawa assumed operational charge of the brick‑and‑mortar business, same‑store sales grew 6.8% year on year, and broker views diverged with UBS positive and HSBC, Goldman Sachs and JPMorgan more cautious.