The company reported a standalone revenue from operations of ₹17,204.50 Cr for the quarter ended March 31, 2026, marking an 18.9% year-on-year (YoY) increase from ₹14,462.39 crore in the corresponding quarter last year. The growth remains broadly in line with its 2–3 year revenue CAGR of 17–18%, indicating consistent demand momentum.
On a longer-term basis, DMart’s quarterly revenue has steadily scaled up from ₹10,337.12 crore in Q4 FY23 to ₹12,393.46 crore in Q4 FY24 and ₹14,462.39 crore in Q4 FY25, before reaching the current level.
The retailer’s expansion strategy also gathered pace, with the total store count reaching 500 as of March 31, 2026. This includes the addition of 58 stores in Q4 alone and 85 stores during the full financial year FY26.
Brokerage firm CLSA has maintained a ‘high conviction outperform’ rating on the stock, with a target price of ₹6,185, noting that DMart has already surpassed its earlier expectation of 60 store additions for the year.
Despite the bullish stance from some quarters, analyst sentiment remains mixed. Of the 29 analysts tracking the stock, 10 have a ‘Buy’ rating, 11 suggest ‘Hold’, while eight recommend ‘Sell’.
Also read: Avenue Supermarts shares jump 8% after DMart crosses 500 stores; Q4 update awaited
In terms of market performance, Avenue Supermarts shares have gained about 19% over the last six sessions and have given a YTD return of 16.6%.
First Published: Apr 5, 2026 8:19 PM IST
