What are the key highlights of DMart Q3 results?

Net profit rose about 18% year on year to roughly ₹856 crore, revenue increased to ₹18,101 crore, and EBITDA margin expanded to 8.1%. Operating performance improved despite staple deflation, helped by efficiency and scale. Store count touched 442, setting up a continued growth runway into FY26, subject to cost and mix discipline.

How did the DMart EBITDA margin change this quarter?

EBITDA margin expanded to 8.1%, up year on year. The improvement likely reflects operating discipline, maturing stores, and better mix across food and general merchandise. Holding margins near 8% while keeping prices sharp will be key, given competitive intensity and potential changes in input inflation through FY26.

What is the near-term view on DMart share price after results?

At the January 9 close, the stock was ₹3,646.3, below the 50-DMA and 200-DMA. RSI sits neutral near 48, and ADX indicates a strong trend. Key zones are ₹3,635–₹3,670 support and ₹3,780–₹3,900 resistance. Watch the January 12 session for a reaction to margins, commentary, and store expansion plans.

What should investors watch in Avenue Supermarts earnings for FY26?

Track same-store growth, gross margin trajectory, private label mix, and store addition pace. Monitor input inflation for pricing and volume impacts. Updates on DMart Ready economics, capex cadence, and leadership transition execution will shape operating leverage and the sustainability of the 8% plus EBITDA margin.

Is DMart’s valuation expensive after Q3?

Valuation is premium with P/E near 91, EV/EBITDA about 55, and P/S around 3.9. The balance sheet is strong with low leverage and high coverage. Sustained 8% plus margins and double-digit growth are needed to justify multiples. Execution and cost control will be critical for re-rating potential.

Global Market Insights

DMART.NS Stock Today: January 12 Q3 profit +18%, EBITDA margin 8.1%

ByHuzaifa Zahoor January 12, 2026January 12, 2026

DMart Q3 results are in focus as Avenue Supermarts (DMART.NS) reported net profit up about 18% year on year, EBITDA margin at 8.1%, and revenue growth near 13% to ₹18,101 crore. The January 12 session will test how the market values the margin gains, a 442-store footprint, and the CEO transition to Anshul Asawa from February 1. At the last close on January 9, DMart share price was ₹3,646.3, below key moving averages. We break down the numbers, drivers, and what to watch in India.