Weak earnings from Avenue Supermarts (DMart):🔽

Miss on EBITDA, PAT, Margins

Standalone YoY:
Revenue at ₹15,565 cr vs ₹13,247 cr, up 17.5%
Net Profit at ₹785 cr vs ₹737 cr, up 6.5% (poll ₹873)
EBITDA at ₹1,235 cr vs ₹1,121 cr, up 10.2% (poll ₹1315)
EBITDA Margin at 7.9% vs 8.5%, down 53 bps (poll 8.4%)

SSSg for 2 yrs and older stores at 8.3%

Mgmt commentary:
👉Continue to see increased intensity in discounting in the FMCG category and the consequent impact to high turnover per sq ft in metro towns.
👉Seeing significantly more demand for home delivery compared to pick-up point.

Mgmt change:
HUL's Anshul Asawa to succeed Ignatius Navil Noronha as MD & CEO wef Feb 1, 2026.