DMart Board approves ₹1,000 crore NCD Issue as Q1 profit rises 12.8%

The company, however, did not disclose the proposed use of the proceeds from the debt issue

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Avenue Supermarts Ltd, which operates the DMart supermarket chain, on Saturday approved raising up to ₹1,000 crore through non-convertible debentures (NCDs) in one or more tranches on a private placement basis, even as it reported a 12.8 per cent year-on-year rise in standalone profit after tax (PAT) to ₹936 crore for the quarter ended June 30, 2026.The company, however, did not disclose the proposed use of the proceeds from the debt issue.Revenue for the quarter rose 15.1 per cent to ₹18,343 crore from ₹15,932 crore a year earlier, while earnings before interest, tax, depreciation and amortisation (EBITDA) increased 16.3 per cent to ₹1,527 crore. EBITDA margin improved marginally to 8.3 per cent from 8.2 per cent, while basic earnings per share rose to ₹14.35 from ₹12.75.On a consolidated basis, revenue increased to ₹18,795 crore from ₹16,360 crore, while net profit rose to ₹860 crore from ₹773 crore.Commenting on the performance, Anshul Asawa, Managing Director and Chief Executive Officer, said same-store (like-for-like) sales growth at stores older than two years moderated to 5.5 per cent during the quarter from 7.1 per cent a year ago.“In large metros, growth in older stores which have significantly higher revenue per square foot was flat this quarter, while stores in non-metros continue to grow well,” Asawa said.The company added three stores during the quarter, taking its network to 503 stores with a retail business area of 20.7 million square feet.Published on July 11, 2026