Avenue Super. Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Published 25 Aug 2026 | Retailing | Market Cap: ₹2.5L Cr

Avenue Supermarts targets a store expansion rate of around 15% annually based on its current base, aiming for steady growth. Like-for-like (LFL) growth is expected to be close to last financial year levels (7.5%-8%), though visibility beyond FY27 is uncertain due to varying factors.

From Avenue Super.'s Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Price

3,929

Market Cap

₹2.5L Cr

P/E Ratio

83.3

Revenue Rank

Rank 3

Margin Rank

Rank 3

How does Avenue Super. rank in Retailing?

Compare Avenue Super. against every Retailing company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 3Margin: Rank 3
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Avenue Super. — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹17.7K Cr, net profit ₹656 Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 3
  • Avenue Supermarts targets a store expansion rate of around 15% annually based on its current base, aiming for steady growth.
  • The company expects to continue entering new states and building store density in both new and established markets.
  • Sales growth in recent years has been around 16%, reflecting robust expansion efforts.
  • Like-for-like (LFL) store growth for stores older than two years was about 8.1% in the last year.
  • Revenue per square foot remains stable, indicating efficient utilization of retail space.
  • Online (DMart Ready) operations aim for sustainable profitability while focusing on assortment, delivery speed (within 6 hours), and user experience in 11 key cities.
  • The business plans to improve order density, throughput, and overall productivity for growth.
  • Productivity in newer smaller town stores may be lower initially but is expected to improve over time, supported by lower operating costs.
  • There is a significant runway for growth as many customers still transition from unorganized to modern retail channels.

📈 Profitability & Margins

Rank 3
- Like-for-like (LFL) growth is expected to be close to last financial year levels (7.5%-8%), though visibility beyond FY27 is uncertain due to varying factors. (Page 35) - Gross margins are anticipated to stay in the 14%-15% range with a focus on passing sourcing/productivity benefits to customers, maintaining value leadership. (Page 28) - Net margins are aimed to remain around 5%, without sacrificing customer value proposition, implying stable profitability going ahead. (Page 19) - Store expansion is targeted internally at about 15% annually (~75 stores), supporting gradual growth but factoring in real estate availability constraints. (Pages 14, 28) - E-commerce losses have been significant but the company is focused on making online operations profitable and sustainable before scaling further. (Page 19) - Return on equity (ROE) currently at 13%-14% with expectations that existing stores will generate sufficient capital for expansion over next 2-3 years, reducing reliance on debt. (Page 34) Overall, stable earnings and operating profit growth with cautious expansion and margin discipline are expected.

🏗️ Capital Expenditure Plans

Yes
  • Avenue Supermarts is planning continued capital expenditure primarily to fund store expansion and build its network, with a capex of over INR 4,000 crores in the past year.
  • The company has approved INR 1,000 crores in Non-Convertible Debentures (NCDs) to manage and reduce the cost of debt and to support longer-term borrowing for capex stability.
  • Expansion plans target around 15% annual store growth, roughly 75 stores per year, with flexibility for some leasing along with owned stores, addressing real estate bottlenecks.
  • The store expansion involves land acquisition with a 2-3 year conversion timeline, maintaining a pipeline of 2-3 years of projects.
  • Technological investments are being made broadly across systems, including ERP upgrades, to improve operations, supply chain, and data utilization, with marginal near-term margin impact.
  • The company is open to strategic or inorganic opportunities, especially in quick commerce, though no specifics were disclosed.

💰 Fundraising & Capital Structure

Yes
  • Avenue Supermarts Limited is currently undertaking a fundraising effort because the prior capital raised in 2020 has been utilized.
  • They anticipate needing external capital for expansion in the next 2-3 years, although they expect existing stores to generate sufficient capital eventually, reducing the need for further borrowing.
  • The company has approval for INR 1,000 crores of Non-Convertible Debentures (NCDs) to manage capex and reduce borrowing costs, which may add to current commercial paper (CP) borrowings, potentially increasing total debt to around INR 2,000 crores by year-end.
  • They are open to long-term borrowing to avoid interest rate risk associated with short-term CP markets.
  • No specific mention of new equity fundraising in this period; focus is on managing debt for expansion and cost efficiency.

📋 Order Book & Pipeline

No information
The provided document pages do not explicitly mention the current or expected order book or pending orders for Avenue Supermarts Limited. However, related insights include: - The company is focused on expanding its store base, targeting a 15% year-on-year increase in store openings (around 75 stores annually from a base of ~500 stores). - Real estate acquisition and construction timelines affect store openings; some stores are leased to accelerate growth. - E-commerce (DMart Ready) is being scaled sustainably in 11 cities, targeting profitable delivery under six hours. - The company is confident in maintaining expansion plans with a strong pipeline of store openings and readiness to consider leasing. No direct quantitative data on order book or pending orders is disclosed in these excerpts.

Key Metrics

Revenue

Rank 3

Margin

Rank 3

Capex

Yes

Fundraise

Yes

Order Book

No information

Frequently Asked Questions

What were Avenue Super. Q1 FY27 results?

Avenue Supermarts targets a store expansion rate of around 15% annually based on its current base, aiming for steady growth. Like-for-like (LFL) growth is expected to be close to last financial year levels (7.5%-8%), though visibility beyond FY27 is uncertain due to varying factors.

What is Avenue Super. share price analysis?

Avenue Super. currently shows a below-average growth signal. The stock trades at a P/E of 83.3 with a market cap of ₹254,767 Cr. Investors should review the full earnings analysis for detailed insights.

Is Avenue Super. planning capital expenditure?

Avenue Supermarts is planning continued capital expenditure primarily to fund store expansion and build its network, with a capex of over INR 4,000 crores in the past year.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

What Avenue Super.'s management said in earlier quarters

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