Overview
- Avenue Supermarts reported Q3 FY26 standalone net profit of Rs 923 crore, up 17.6% year on year, on revenue of Rs 17,613 crore.
- Standalone EBITDA rose 19.9% to Rs 1,481 crore as EBITDA margin expanded to 8.4% from 7.9% a year earlier.
- On a consolidated basis, revenue reached Rs 18,101 crore and net profit was about Rs 856 crore, both higher year on year.
- Management said revenue growth was partly affected by deflation in staples, while stores older than two years grew 5.6% in the quarter.
- The board approved CEO‑designate Anshul Asawa as CEO and MD effective April 1, 2026, with Ignatius Navil Noronha to step down on January 31, 2026; broker reactions were mixed, with CLSA trimming its target to Rs 6,105 but keeping a high‑conviction outperform view.