DMart Q4 FY26 results May 2 2026: revenue, stores

What investors are tracking this week

Avenue Supermarts Ltd, which operates the DMart retail chain, is set to announce its fourth-quarter results for the period ended March 31, 2026. The update is being watched closely because it arrives amid a sharper store addition cycle and rising competitive pressure in urban markets. Brokerages have pointed to continued growth in revenue but have also flagged cost pressures tied to operations and staffing. The company’s latest disclosures also shift attention to whether margins can hold up as it expands into more markets. Another key point for investors is the board agenda, which is the clearest indicator of whether a dividend could be on the table.

Q4 and FY26 results date: board meeting on May 2

As per the company’s stock exchange filing, Avenue Supermarts said a meeting of its Board of Directors is scheduled for Saturday, May 2, 2026. The stated purpose of the meeting is to consider and approve the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. The filing does not provide an exact time for the results release. In the previous quarter (Q3), DMart announced its quarterly results after 5 pm, which is being used by market participants as a reference point rather than a confirmed schedule.

Dividend expectations: filing does not mention a payout

Investors looking for a dividend have a straightforward data point in the current filing. The exchange disclosure for the May 2 board meeting does not mention a dividend declaration on the agenda. A separate line in the provided material also states that Avenue Supermarts will not declare a dividend with the March quarter results. Based on the text available, the focus of the meeting is on approval of audited standalone and consolidated results.

Q4 preview: revenue update points to 19% YoY growth

HDFC Securities, citing DMart’s latest revenue update, noted that reported revenue rose 19% year-on-year to Rs 17,200 crore. That update sets a clear expectation that the quarter delivered a strong top-line increase compared with the previous year. Brokerages are also focusing on productivity indicators as the store base expands. HDFC Securities said it expects annualised sales per square foot to grow around 3% year-on-year to Rs 36.9k.

Store additions: 58 net new stores take count to 500

One of the biggest operational data points in the preview is the pace of expansion. During the quarter, DMart added 58 net new stores, taking total stores to 500. PL Capital described this as the highest quarterly addition to date, with a focus on tier-2 and tier-3 cities. The same note argued this strategy can support sales growth, while potentially curtailing margins as newer stores ramp up.

Margin lens: costs and competition remain central

HDFC Securities said it is building in an EBITDAM expansion of about 10 basis points year-on-year to 6.9%. But it also noted intense competition is elevating employee and other operational costs. PL Capital highlighted that sales per store increased a modest 1.3% and attributed the slower throughput to a higher pace of store openings and intense competitive intensity from quick commerce in urban catchments. Taken together, the two brokerage views point to a quarter where growth is supported by network expansion, while profitability is being shaped by cost inflation and changing demand patterns.

Quick commerce impact: throughput versus expansion trade-off

The mention of quick commerce pressure is important because it directly links competitive dynamics to store-level performance. PL Capital’s comment on urban catchments suggests that while new stores are being added rapidly, mature store throughput may be affected in markets where rapid delivery models are gaining share. The company’s choice to add stores with a focus on tier-2 and tier-3 locations is positioned in the provided text as a way to grow sales, even if margins come under pressure during the ramp-up period.

Key numbers in one view

Quarterly financial series: selected data points from the table

The quarterly results table in the provided material shows net sales, EBIT, and net income in million INR for multiple periods, with later quarters shown as forecasts. Converting the table’s net sales figures into Rs crore (because 10 million INR equals Rs 1 crore), net sales for 2026 Q1 are shown as 163,597 million INR, which is about Rs 16,359.7 crore. The table shows 2026 Q4 net sales as 175,045 million INR, which is about Rs 17,504.5 crore (shown in the forecast portion of that table). For profitability, the table lists 2026 Q1 EBIT at 10,673 million INR (about Rs 1,067.3 crore) and 2025 Q4 EBIT at 10,673 million INR (about Rs 1,067.3 crore) under the released column. Net income for 2025 Q4 is listed as 7,730 million INR, or about Rs 773.0 crore.

Stock and valuation context mentioned in the material

One of the included write-ups (dated April 2026) says DMart traded around Rs 3,450 on NSE with a market capitalisation of Rs 2,24,000 crore. The same text cites a 52-week range of Rs 3,300 to Rs 5,000 and a trailing P/E of about 68x. Separately, another section states Avenue Supermarts shares closed at Rs 4,060.50, down 3.04% from Rs 4,187.75 on the BSE, in a different context. These figures are presented as snapshots from different points in time within the supplied material.

Note on conflicting results dates in the supplied text

While the exchange filing excerpt specifies a board meeting on May 2, 2026 for Q4 and FY26 results, another included article-style section states the results date as April 25, 2026. The same supplied text also repeats May 2, 2026 in multiple places. Based strictly on what is written, the May 2 date is tied to the “official stock exchange filing” excerpt, while April 25 appears in a separate source block.

Conclusion

Avenue Supermarts is scheduled to take up approval of audited Q4 and FY26 results at its board meeting on May 2, 2026, with no dividend item mentioned in the stated agenda. The main data points in broker previews include reported revenue growth to Rs 17,200 crore, 58 net new store additions taking the base to 500, and a margin debate shaped by competition and operating costs. The next confirmed step in the supplied information is the board meeting itself, after which the company’s standalone and consolidated audited results are expected to be released.