India · Delayed Price · Currency is INR Avenue Supermarts Earnings Call Transcripts
Fiscal Year 2026
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Expansion remains a top priority, targeting 15% annual store growth with increased openness to leasing and ongoing technology upgrades. E-commerce is consolidated in 11 cities, focusing on profitability and operational efficiency, while competition from quick commerce is most impactful in metros. Financials show steady growth, with margins stable and productivity strong in new markets.
Fiscal Year 2025
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Resilient growth continued with 50 new stores and strong financials, while e-commerce (DMart Ready) pivoted to home delivery and aims for break-even. Store expansion, especially in North India, is a key focus to counter quick commerce, with ongoing investments in customer experience and private labels.
Fiscal Year 2024
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GMA mix stabilized at 22-23% with strong apparel recovery, while food share rose due to inflation. Store expansion continues at 40-60 per year, with a focus on cluster-based growth and operational excellence. DMart Ready prioritizes value and profitability, with home delivery as the preferred model and ongoing improvements in margin profile.