DMART.NS Stock Today, January 12: Profit +18%, 10 Stores Added; CEO Shift
DMart Q3 results headline India’s retail trade today as Avenue Supermarts posted solid profit growth and added 10 stores. Net profit rose 18% YoY, revenue grew 13.3%, and EBITDA increased 20% with margin expanding to 8.1%. Management noted staples deflation affected reported sales. On the market side, DMART.NS traded lower despite strong prints. With Anshul Asawa set to become CEO on 1 February 2026, investors are weighing margins, SSSG, and store expansion into FY26.
Q3FY26 performance: growth with margin gains
DMart Q3 results showed net profit up about 18% YoY, revenue up 13.3%, and EBITDA up 20%. Media reports peg quarterly profit at ₹856 crore, underscoring better operating leverage as footfalls improved and costs stayed in check. Margin expansion stood out as a key positive even as top-line growth eased. Reference: Upstox.
EBITDA margin expanded to 8.1% as mix and cost discipline helped. Management indicated staples deflation weighed on reported sales, a known headwind for value retailers. DMart Q3 results still highlight healthy demand in non-food and general merchandise. Revenue growth of 13.3% with better margins suggests improved productivity. Reference: Moneycontrol.
Network update: 10 new stores, 442 total
DMart Q3 results also delivered steady expansion. The company added 10 stores, taking the count to 442. New locations deepen reach across key states and support medium-term revenue growth. Scale benefits in procurement and logistics can sustain margins, especially if inflation stabilises. Store rollout cadence remains a central driver of valuation in India’s organised grocery market.
Investors should track SSSG, average bill size, and mix from general merchandise and apparel, which lift margins. Staples deflation may keep reported sales soft, but underlying volumes can remain healthy. Watch inventory turns and working capital discipline to gauge efficiency. A consistent pipeline of large-format sites supports compounding even as competition intensifies.
Leadership transition: Anshul Asawa to CEO
Avenue Supermarts confirmed the CEO transition to Anshul Asawa effective 1 February 2026. For shareholders, DMart Q3 results set a firm base before leadership change. Key areas to monitor include SSSG, margin discipline, DMart Ready scaling, and new state entries. Continuity in execution will matter more than big strategic shifts.
A proven operating playbook gives DMart resilience, but leadership influences pace and capital allocation. Under Asawa, investors will watch cost controls, private label penetration, and store economics. Clear commentary on expansion clusters and omni-channel priorities can narrow uncertainty. Strong Q3 performance allows the transition to focus on sustaining operating leverage and measured growth.
Stock view: price, valuation and technicals
DMART share price traded at ₹3,646.3, down 3.79% today, with volume at 5.67 lakh versus 3.75 lakh average. The stock sits below its 50-DMA ₹3,920 and 200-DMA ₹4,200, well under the 52-week high ₹4,949. TTM EPS is ₹41.69, implying a PE near 91 and P/S around 3.87. Market cap is about ₹2.47 lakh crore, reflecting premium expectations.
RSI at 47.9 is neutral. Price is near the lower Bollinger band ₹3,670, with the middle band at ₹3,783 as first resistance and the 50-DMA ₹3,920 next. ATR of ₹78 suggests moderate daily swings. Internal models indicate ₹3,578 near term and ₹3,802 next quarter. Stock grade: B, suggestion: HOLD. DMart Q3 results support stability.
Final Thoughts
DMart Q3 results delivered a clean mix of profit growth, margin expansion and disciplined expansion with 10 new stores to 442. Management flagged staples deflation as a drag on reported sales, but operating metrics held up. The confirmed CEO transition to Anshul Asawa from 1 February 2026 is the next key chapter. For investors, we would track SSSG, mix shift toward higher-margin categories, DMart Ready execution and store economics. Valuation remains rich near 91x TTM EPS, so position sizing matters. Near-term, watch technical levels around ₹3,670 support and ₹3,920 resistance. Strong execution can sustain the premium, while any slip in margins or growth could compress multiples.
FAQs
What stood out in DMart Q3 results?
Profit grew about 18% YoY, revenue rose 13.3%, and EBITDA increased 20%, lifting margin to 8.1%. Management highlighted that staples deflation affected reported sales. The company added 10 stores, taking the total to 442. Overall, margins and execution improved even as top-line growth moderated.
How did DMART share price react after results?
DMART share price was around ₹3,646.3, down 3.79% with higher-than-average volume. The stock trades below its 50-DMA ₹3,920 and 200-DMA ₹4,200, and well under the 52-week high ₹4,949. Support is near ₹3,670, while resistance sits around ₹3,783 and ₹3,920.
Why is the Anshul Asawa CEO transition important?
The CEO change from 1 February 2026 focuses attention on continuity of store economics, margin discipline, and DMart Ready scaling. Investors will track SSSG, category mix, and capital allocation. With DMart Q3 results strong, the transition can center on execution quality rather than a strategic reset.
How many stores did DMart add in Q3 and why does it matter?
DMart added 10 stores, taking the network to 442. New stores expand reach and support medium-term growth through scale in sourcing and logistics. Expansion cadence also influences valuation, since steady openings, healthy SSSG, and tight working capital can compound earnings even in periods of softer headline inflation.
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.
