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Competitive and margin pressures likely to cap upsides for DMart

Competitive and margin pressures likely to cap upsides for DMart

DMart's Q1FY26 pre-quarter update reveals slower-than-expected revenue growth and margin compression. Competitive pressures, particularly from quick commerce players, could weigh on future growth.
Devangshu Datta Mumbai
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The Street reacted negatively to Avenue Supermarts' (DMart) Q1FY26 pre-quarter update, with the stock down over 1 per cent at close. The standalone revenue of Rs 15,930 crore was up 16.2 per cent year-on-year (Y-o-Y) but was below analysts' estimates. On a quarter-on-quarter (Q-o-Q) basis, growth was 10.2 per cent.
Net store additions stood at nine in the quarter, versus six in Q1FY25 and 28 in Q4FY25. The total store count reached 424. The same-store growth rate was around 3-4 per cent, while the implied or estimated operating profit margin was just below 8 per cent, compared to 8.7 per
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North-eastern Railway projects faced losses of over Rs 200 crore from natural disasters in 5 years: Railway Minister Vaishnaw
North-eastern Railway projects faced losses of over Rs 200 crore from natural disasters in 5 years: Railway Minister Vaishnaw

Indian Express

time19 minutes ago

  • Indian Express

North-eastern Railway projects faced losses of over Rs 200 crore from natural disasters in 5 years: Railway Minister Vaishnaw

The Indian Railways has incurred losses worth over Rs 200 crore in the last five years due to the relentless impact of natural disasters such as floods and landslides on the projects in the Northeast. In a written response in Lok Sabha on Wednesday, Minister for Railways Ashwini Vaishnaw said that the geological weakness of the Northeast is always accounted for at the stage of design and implementation of Railway projects. These projects are being carried out by the Northeast Frontier Railway (NFR) zone of the Indian Railways. 'Due to floods, landslides etc. in the last five years, some damage to railway tracks and structures took place in Northeast Frontier Railway which was assessed to be over Rs 200 crore. Geology of the North Eastern Region is such that it is prone to landslides,' said Vaishnaw. He added that for all major Railway projects in the hilly terrain (those in Manipur, Mizoram, Arunachal Pradesh and Nagaland), detailed geo-technical investigations and environmental impact assessments are carried out before going ahead with construction. 'These studies specifically assess slope stability, rock and soil characteristics, vegetation cover and hydrological patterns. Findings of these studies are used to anticipate the risk of landslides that can result from construction activities,' said the minister. According to Railway Ministry data, as of April 1, 2025, 12 railway projects (eight new lines and four doubling), totaling 777 km in length and costing Rs 69,342 crore, have been sanctioned for the region. Out of this, 278 km of length has already been commissioned at an expenditure of Rs 41,676 crore incurred up to March 2025. While the Bairabi-Sairang line, which connects Mizoram's capital Aizawl for the first time, is set to be operational, some of the key ongoing projects in the Northeast are the Dimapur-Kohima New Line (Dhansiri-Zubza) to connect Nagaland's capital Kohima, the Murkongselek-Pasighat new line, the Sivok-Rangpo new line to connect Sikkim to the national network for the first time and the Jiribam-Imphal new line. Dheeraj Mishra is a Principal correspondent with The Indian Express, Business Bureau. He covers India's two key ministries- Ministry of Railways and Ministry of Road Transport & Highways. He frequently uses the Right to Information (RTI) Act for his stories, which have resulted in many impactful reports. ... Read More

ED raids 50 sites linked to Anil Ambani in Rs 3,000 cr Yes Bank loan fraud probe
ED raids 50 sites linked to Anil Ambani in Rs 3,000 cr Yes Bank loan fraud probe

Time of India

time19 minutes ago

  • Time of India

ED raids 50 sites linked to Anil Ambani in Rs 3,000 cr Yes Bank loan fraud probe

The Enforcement Directorate on Thursday raided 40–50 locations linked to Anil Ambani in a money laundering probe tied to the Yes Bank loan fraud case. The ED suspects ₹3,000 crore in loans were diverted to shell firms between 2017 and 2019, with evidence pointing to bribery and major procedural lapses. Over 50 companies and 25 individuals are under investigation. Tired of too many ads? Remove Ads The Enforcement Directorate (ED) on Thursday raided 40 to 50 locations linked to businessman Anil Ambani in connection with the Yes Bank loan fraud searches follow two FIRs registered by the CBI and inputs shared by agencies including SEBI, the National Housing Bank, Bank of Baroda, and the National Financial Reporting Authority (NFRA).According to the ED, preliminary investigations show that loans worth around Rs 3,000 crore, sanctioned by Yes Bank between 2017 and 2019, were allegedly diverted to shell firms and other group entities. Investigators have also found evidence suggesting possible bribery of Yes Bank officials, including its agency flagged serious lapses in Yes Bank's approval process, including back-dated credit documents, absence of due diligence, and loans given to firms with weak financials and common directors. It also found violations of loan terms, evergreening of accounts, and instances where disbursal occurred on the same day as or before loan ED said over 50 companies and 25 individuals are under the scanner. SEBI has also submitted findings related to Reliance Home Finance Ltd (RHFL), which saw its corporate loan book more than double within a year, raising concerns about irregularities and process searches are being conducted under Section 17 of the Prevention of Money Laundering Act (PMLA).

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