DMART.NS Stock Today: January 11 Q3 Profit +17%, EBITDA Margin 8.1%
DMart Q3 results delivered solid growth: profit rose 17.6% year on year to ₹923 crore, revenue climbed 13.2% to ₹18,101 crore, and EBITDA margin improved to 8.1%. We track DMART.NS closely for India investors. The DMART share price closed at ₹3,646.30 on Friday, 9 January 2026, down 3.79%, as the market weighed margin gains against premium valuations. With a CEO transition slated for 31 January, focus stays on sustaining margin traction and steady execution through FY26.
Earnings snapshot and margin drivers
DMart Q3 results show steady demand and tighter execution. Standalone net profit grew 17.6% YoY to ₹923 crore, while revenue increased 13.2% to ₹18,101 crore. EBITDA margin rose to 8.1%, indicating better operating leverage as scale builds and costs stay in check. Key topline and margin figures were reported by CNBC-TV18 source.
The quarter benefited from operating leverage and careful cost control, helping margin reach 8.1%. Management kept pricing sharp to drive volumes while balancing promotions. According to MSN, profit growth clocked 17.6% YoY to ₹923 crore with revenue up 13.2%, supporting this traction in earnings source. Investors will watch if this margin level holds through the non-festive quarters.
Stock performance and valuation
The DMART share price settled at ₹3,646.30 on 9 January, down 3.79% day on day, within a ₹3,635.30–₹3,719.10 range. RSI sits at 47.93 and ADX at 33.15 indicates a firm trend. Key levels: Bollinger lower ₹3,669.72 as near support, middle ₹3,783.25 as pivot, upper ₹3,896.78 as resistance. ATR of 78.36 suggests a typical daily swing near ₹75–₹85.
Avenue Supermarts Q3 leaves valuations rich: P/E 91.2x TTM, EV/EBITDA ~55.3x, P/S 3.87x, and P/B 10.84x. The premium implies confidence in durable growth and margin gains. Our Stock Grade reads B with a HOLD stance, reflecting strong fundamentals but limited valuation room. Sustained 8%+ EBITDA margins would better support these multiples.
What to watch next: leadership and FY26 path
A leadership change on 31 January keeps attention on continuity. Investors will look for clarity on strategy, including assortment, pricing, and execution standards that built DMart’s moat. Communication on capital allocation, store rollout cadence, and DMart Ready’s role in the omnichannel mix will be key to sentiment stability around the transition.
For DMart earnings FY26, watch three drivers: margin sustainability near or above 8%, mix improvement from general merchandise and apparel, and disciplined working capital. Monitor inflation, sourcing costs, and competitive intensity. Near-term catalysts include monthly demand trends and upcoming quarterly updates. Consistency across these factors can support rerating closer to prior highs of ₹4,949.50.
Final Thoughts
DMart Q3 results underscore a healthy demand backdrop and disciplined execution, with profit up 17.6%, revenue up 13.2%, and EBITDA margin at 8.1%. For traders, near-term levels matter: support near ₹3,670, pivot around ₹3,783, and resistance close to ₹3,897, with an ATR near ₹78 guiding risk. For investors, the focus shifts to whether margins can hold above 8% beyond festive tailwinds, while the 31 January CEO transition maintains strategic continuity. Valuation remains premium at ~91x TTM earnings, so sustained margin traction and efficient inventory turns are crucial. We suggest tracking commentary on assortment mix, cost discipline, and omnichannel progress before adjusting positions.
FAQs
What were the headline numbers from DMart Q3 results?
Profit rose 17.6% year on year to ₹923 crore, revenue grew 13.2% to ₹18,101 crore, and EBITDA margin improved to 8.1%. These figures point to stable demand and better operating leverage. Investors will watch if margin strength continues into the non-festive quarter and through the CEO transition.
How did the DMART share price react after Q3?
On Friday, 9 January 2026, DMART closed at ₹3,646.30, down 3.79% for the day, within a ₹3,635.30–₹3,719.10 range. Technicals show RSI 47.93 and ADX 33.15. Key levels are ₹3,670 support, ₹3,783 pivot, and ₹3,897 resistance, with ATR near ₹78 guiding stop-loss placement.
Is Avenue Supermarts Q3 supportive of current valuations?
Results were solid, but the stock trades at ~91x TTM earnings and ~55x EV/EBITDA, which are rich. To sustain these multiples, the market will look for consistent 8%+ EBITDA margins, healthy volume growth, and disciplined costs. Clear guidance post the 31 January CEO transition can also aid confidence.
What should investors track for DMart earnings FY26?
Focus on margin sustainability, product mix shift toward higher-margin categories, and inventory efficiency. Monitor inflation trends, vendor terms, and competitive pricing. Regular updates on store rollout and DMart Ready’s contribution will help gauge growth visibility. Consistent execution across these points can support a rerating toward prior highs.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
