DMart Profit Soars 18% in Q3; Anshul Asawa Named Next CEO

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Author Kavya Nair | Published :
DMart Profit Soars 18% in Q3; Anshul Asawa Named Next CEO
Overview

Avenue Supermarts, operator of DMart, reported an 18% year-on-year jump in Q3 net profit to ₹856 crore, driven by a 13% revenue increase to ₹18,100 crore. The company also announced Anshul Asawa will succeed Neville Noronha as MD & CEO effective February 1, 2026, marking a significant leadership transition.

Financial Performance

Avenue Supermarts, the operator of the retail chain DMart, announced robust third-quarter results. Net profit surged 18.27% year-on-year to ₹855.78 crore for the period ending December 31, 2025. This rise from ₹723.54 crore in the prior year reflects strong operational execution.

Revenue from operations climbed 13.32% to ₹18,100.88 crore. Total income, including other income, grew by 13.25%. The company's profit after tax margin improved to 4.73% from 4.53% a year ago.

Total expenses increased by approximately 13%, largely due to higher purchases of stock-in-trade. Consolidated EBITDA reached ₹1,462.56 crore, a significant 20% increase from the previous year's ₹1,217.43 crore. Earnings per share rose to ₹13.15 from ₹11.12.

Leadership Transition

In a significant management update, the board of Avenue Supermarts approved the appointment of Anshul Asawa as the next Managing Director and Chief Executive Officer. Asawa, currently CEO-designate and a former executive from Hindustan Unilever Limited, will take over from Ignatius Navil Noronha.

Noronha will conclude his tenure as MD and CEO on January 31, 2026. Asawa is slated to officially assume the CEO role on February 1, 2026, and his appointment as Managing Director will be for a three-year term from April 1, 2026, pending shareholder approval.

Market Reaction

DMart's stock closed 0.45% higher at ₹3,807 on the National Stock Exchange on Friday. However, the shares have seen a decline of over 8% in the past six months, underperforming the benchmark Nifty50 index's nearly 1.5% rise. The results and leadership change will be closely watched by investors.