Avenue Supermarts Ltd. (DMart) announced a robust financial performance for the third quarter of the fiscal year 2026 (Q3 FY26), with its consolidated net profit surging by 18.3% year-on-year to ₹856 crore (₹855.92 crore). This growth surpassed ₹723.72 crore reported in the corresponding period of the previous fiscal year. The company's revenue from operations also witnessed a significant increase of 13.3%, reaching ₹18,100.88 crore (₹18,101 crore) compared to ₹15,972.55 crore in Q3 FY25. Operational efficiency improved, with Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) growing by 20.2% to ₹1,463 crore, and EBITDA margins expanding to 8.1% from 7.6% in the prior year. DMart also expanded its retail footprint by adding 10 new stores during the quarter, bringing its total store count to 442 across India. Following the announcement of these strong earnings on January 10, 2026, DMart's shares initially surged by nearly 3% on Monday, January 12, 2026, indicating a positive market reaction. However, the overall sentiment among brokerage firms remained mixed. While some, like Motilal Oswal and CLSA, reiterated 'BUY' ratings and raised their price targets, others such as ICICI Securities and Systematix maintained 'HOLD', and Citi and JM Financial continued with 'SELL' or 'REDUCE' ratings. Concerns were raised by some analysts regarding the sustainability of the margin expansion due to increasing competition, particularly from the quick commerce segment. The company also announced a key leadership transition, with Anshul Asawa set to take over as the new Chief Executive Officer from February 1, 2026, and as Managing Director from April 1, 2026, succeeding Ignatius Navil Noronha.