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Avenue Supermarts Ltd
| ASL – Financial Results for the Q2 (FY 26)
Summary : Avenue Supermarts shows strong revenue growth, healthy cash flows, and low debt, but margins slightly declined amidst significant capital expenditure.
Quarterly Report Analysis & Insights
Financial Disclosures
- Standalone total expenses: ₹30,103.89 Cr (6M Sep 2025).
- Consolidated total expenses: ₹31,072.74 Cr (6M Sep 2025).
- Major expenses include purchases of stock-in-trade and other expenses.
- Standalone revenue from operations: ₹32,150.91 Cr (6M Sep 2025).
- Consolidated revenue from operations: ₹33,036.00 Cr (6M Sep 2025).
- Standalone total income: ₹32,217.96 Cr (6M Sep 2025).
- Consolidated total income: ₹33,075.00 Cr (6M Sep 2025).
- Standalone net cash from operating activities: ₹1,396.60 Cr (6M Sep 2025).
- Consolidated net cash from operating activities: ₹1,398.17 Cr (6M Sep 2025).
- Significant cash outflow from investing activities for capital expenditure.
- Standalone total assets: ₹27,549.41 Cr (Sep 2025) vs ₹24,891.47 Cr (Mar 2025).
- Consolidated total assets: ₹26,913.99 Cr (Sep 2025) vs ₹24,320.29 Cr (Mar 2025).
- Standalone total equity: ₹23,810.52 Cr (Sep 2025).
- Consolidated total equity: ₹22,888.26 Cr (Sep 2025).
- Both standalone and consolidated results presented.
- Consolidated results include five subsidiaries and parent company.
Corporate Overview
- Operations primarily in India, with registered office in Mumbai.
- Primarily engaged in retail trades through offline and online channels.
- No separate reportable segment as per IND AS 108 Operating Segments.
- Significant capital expenditure on property, plant, equipment, and capital work-in-progress.
Risk Factors
- Slight decline in operating margins.
- Increased cash outflow for investments.
- Reliance on unaudited subsidiary results.
- Potential for increased market competition.
Key Drivers
- Strong revenue growth year-on-year.
- Healthy cash flow from operations.
- Low debt-to-equity ratio.
- Ongoing capital expenditure for expansion.
Auditor’s Report
- Review report, not an audit opinion.
- No material misstatement found in standalone financial results.
- Consolidated results include unaudited interim financial results of three subsidiaries.
- Auditors' conclusion not modified by reliance on unaudited subsidiary results.
Board Commentary
- Board meeting held as per SEBI Listing Regulations 2015.
- Allotted Commercial Paper worth ₹100 crore on September 29, 2025.
Corporate Governance
- Audit Committee reviewed and recommended financial results.
Management Discussion & Analysis
Performance Drivers
- Strong revenue growth from operations year-on-year.
- Increased profit before tax and net profit after tax.