DMart share price today

Avenue Supermarts Ltd's share price was ₹3,199.00 at the close on 30 October 2026. It has been falling for 11 weeks. That is 17.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹3,158 and ₹4,630, and at that close it sat 3% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Avenue Supermarts Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running.

Over the last 9.6 years the share price moved +419% while the NIFTY 500 moved +176%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 1 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), profit up on a year earlier for 5 quarters in a row and highest quarterly revenue in 16 quarters.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹19,644 crore, +17.8% on a year earlier.

2. Profit up on a year earlier for 5 quarters in a row

   In the September 2026 quarter profit was ₹743 crore, +8.5% on a year earlier.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹19,644 crore in the September 2026 quarter is the highest of the last 16 quarters.

For July to September 2026 (the quarter ended 30 September 2026), DMart reported revenue of ₹19,644 crore, up 17.8% from ₹16,676 crore a year earlier, and a profit of ₹743 crore, up 8.5% from ₹685 crore.

DMart results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 28 July 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

DMart closed at ₹3,199.00 on 30 October 2026, down 23.0% from ₹4,153.50 a year earlier (31 October 2025) and down 31.0% over five years. Its highest weekly close since March 2017 was ₹5,323.75 on 14 October 2021.

DMart share price: then and now

Weekly closing prices. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

508 weekly closes from 24 March 2017 to 30 October 2026.

30 Oct 2026: DMart closed at ₹3,199.00, up 1.3% on the week and down 16.1% on the month. Results for July to September 2026: Revenue up 17.8% and profit up 8.5% on a year earlier.

Earlier

• 28 Jul 2026: DMart held its results call for April to June 2026. Management guided: Annual store additions around 15.0% of the opening store base.
• Our read, 17 May 2026: A scale milestone masking a capital efficiency reversal, 500 stores arrived, but ROCE has compressed three straight years.

Our read of the business

Latest quarter: 500-store milestone, record quarterly additions, SSSG spikes, profit misses estimates, sequential revenue dips.

Our read after the latest results, written 17 May 2026.

DMart has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Avenue Supermarts Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 28 July 2026, DMart's management guided: Annual store additions around 15.0% of the opening store base.

“We are very clear that, in these 11 cities where the bulk of our business comes from, D Mart Ready must provide a service that is sustainable over the long term, which means it needs to be profitable as well”Anshul Asava, on the call for April to June 2026

What management guided

• FY27 SSG around the FY26 annual level, reported at 8.1%.
• DMart Ready concentrated in 11 cities, with most customer deliveries planned within six hours and a sustainable profitable model to be proven before broader expansion.
• DMart Ready losses to reduce significantly through better order density, throughput and capacity utilization after city consolidation.
• Future gross margin of 14.0%-15.0% and net margin around 5.0% remain the business North Star.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 July 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

What is changing at DMart, from the latest results and calls: store rollout acceleration, 85 stores fy26 (record annual), 58 in q4 (record single quarter), sssg recovery — ~10% in january to march 2026 vs 6-7% prior two quarters and organized retail tam expansion, tier-2 city penetration.

• Store Rollout Acceleration, 85 Stores FY26 (Record Annual), 58 in Q4 (Record Single Quarter). 85 net new stores in FY26 (record), 58 in Q4 alone (record). 12 opened March 31, full revenue tailwind deferred into April to June 2026. ⚠ estimate
• SSSG Recovery — ~10% in January to March 2026 vs 6-7% Prior Two Quarters. SSSG jumped from 6-7% in Q2/Q3 to ~10% in Q4, sharpest single-quarter acceleration in recent memory. Sustainability unconfirmed. ⚠ estimate
• Organized Retail TAM Expansion, Tier-2 City Penetration. New openings in Haryana, UP, Odisha, Chhattisgarh broadening TAM beyond Maharashtra+Gujarat. India's top 10 retailers added 25% more stores in FY26 vs FY25. ⚠ estimate
• EDLP Moat, Cost Structure and Volume Flywheel. Ownership of real estate, 33-day inventory turns, 7-day payables, and 500-store scale create a cost-to-serve moat that is difficult to replicate. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

ROCE 17.1% FY26 vs 20.1% FY23, capital spending expands denominator faster than earnings grow the numerator.

The main risks

• ROCE Compression, 300 basis points Lost Over 3 Consecutive Years: ROCE 17.1% FY26 vs 20.1% FY23, capital spending expands denominator faster than earnings grow the numerator. ⚠ estimate
• Quick Commerce Structural Threat, DMart Ready Retreating (25 → 18 Cities): DMart Ready scaled back from 25 to 18 cities in FY26; Blinkit (44-49% share) and Zepto (29-30%) are compounding at rates DMart Ready has not matched. ⚠ estimate
• Balance Sheet Inflection, Debt Tripled in 12 Months; free cash flow Negative Through FY28: Total debt ₹693 Cr → ₹2,267 Cr in 12 months; commercial paper issuances begun; free cash flow expected negative through FY28. ⚠ estimate
• SSSG Sustainability, Q4 Spike Possibly Seasonal: Q4 SSSG jumped to 10% from 6-7% in prior two quarters. ⚠ estimate

Our read after the latest results, written 17 May 2026.

When DMart reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: FY27 mature-store SSG tracking the FY26 annual level of 8.1%, with metro saturation and quick-commerce competition still visible.

DMart is on one of our India lists: 52 week high & low.

Avenue Supermarts Ltd earned ₹743 Cr of net profit in the Sep 2026 quarter, +8.5% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹2,970 Cr. Over 10 years profit has grown 25.0% a year on average. That is 3.8% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹685 Cr.

For the full year, FY26 profit was ₹2,970 Cr (+9.7% on the year before).

Why profit moved: revenue changed +17.8% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +14.3% and revenue +16.2%. Profit and revenue are moving at about the same pace.

FY26-Q3. Sequential peak ₹18,101 Cr, SSSG in 6-7% range, OPM 8%

Why-sources: our stock research file (17 May 2026) and the company’s own results for those quarters.

Avenue Supermarts Ltd reported ₹19,644 Cr of revenue in the Sep 2026 quarter, +17.8% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 23.1% a year on average. The last full year, FY26, came in at ₹68,821 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. DMart's addressable market has historically concentrated in Maharashtra and Gujarat (>40% of stores). FY26 expanded into newer states. Organized retail penetration in Indian grocery (~8-10%) vs Southeast Asian benchmarks (25-40%) remains a multi-year structural growth lever. The ET analysis noted DMart and Reliance Retail leading a 25% increase in net store additions across the top 10 listed retailers, driven by Tier-2 demand recovery and consumer preference for organized formats in smaller towns.

The last four reported quarters add to ₹74,224 Cr.

FY26 revenue was ₹68,821 Cr, +15.9% on the year before.

Recent pace: the last four quarters grew +16.2% on average, against 23.1% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +16.2%, against +16.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +14.0%, against +7.7% a year (accelerating).

FY26-Q3. Sequential peak ₹18,101 Cr, SSSG in 6-7% range, OPM 8%

Why-sources: our stock research file (17 May 2026) and the company’s own results for those quarters.

Avenue Supermarts Ltd's operating margin was 7.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 7.0% and 9.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. DMart's core growth engine has been store rollout. FY26 saw the company reach 500 stores with 85 additions, up from ~50 in FY25. Q4's 58-store quarter was the highest single-quarter addition in company history. Critically, 12 of those 58 stores were opened on March 31 alone, contributing near-zero revenue to Q4 but representing a meaningful deferred tailwind for Q1 FY27. The cluster-based strategy concentrates in Maharashtra (128), Gujarat (75), Telangana (48), Andhra Pradesh (47), Karnataka (50), with expansion into newer states. Revenue per sq ft declined slightly from ₹33,896 to ₹33,422, early dilution from rapid openings that should normalize within 18-24 months as stores mature.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed −0.2 percentage points on the year while gross margin changed −0.1 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

FY26-Q3. Sequential peak ₹18,101 Cr, SSSG in 6-7% range, OPM 8%

Why-sources: our stock research file (17 May 2026) and the company’s own results for those quarters.

Over the last 3 years, 106% of Avenue Supermarts Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹3,467 Cr of operating cash against ₹2,970 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹5,122 Cr of spending on assets, free cash was −₹1,655 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 106% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 4.5× depreciation over three years. The next section checks what that spending is building.

Avenue Supermarts Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 29 days in FY26, down from 30 days in FY21. It spent ₹11,859 Cr on assets over the last 3 years. Customers take 1 days to pay, and stock sits for 37 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹68,821 Cr, each day of that cycle ties up about ₹189 Cr, so roughly ₹5,468 Cr is tied up in the business at any time.

FY26: customers took 1 days to pay and stock sat for 37 days, about 1.2 months of sales sitting as stock, for a full cycle of 29 days, shorter than FY21's 30.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 37 days. Customers pay about 1 days after that. Suppliers are paid at 8 days. Together that makes the 29-day cycle.

Spending on assets: ₹11,859 Cr over the last 3 years, against ₹2,638 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1,300 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Avenue Supermarts Ltd's P/E is 67.0×, about the lowest it has ever been. Its usual P/E (the middle reading) is 116.3×, over 9.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.