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Avenue Supermarts Ltd
| Quarterly Financial Results Q3 FY 2025-26
Summary : Avenue Supermarts Limited reports strong Q3 and 9M FY26 financial results, appoints a new CEO and MD, and designates new senior management personnel.
Quarterly Report Analysis & Insights
Financial Disclosures
- Standalone Purchases of stock-in-trade Q3 FY26: ₹14,855.44 Cr.
- Consolidated Purchases of stock-in-trade Q3 FY26: ₹15,123.60 Cr.
- Standalone Employee benefits expense Q3 FY26: ₹350.41 Cr.
- Consolidated Employee benefits expense Q3 FY26: ₹397.75 Cr.
- Standalone Revenue from operations Q3 FY26: ₹17,612.62 Cr.
- Consolidated Revenue from operations Q3 FY26: ₹18,100.88 Cr.
- Standalone Revenue from operations 9M FY26: ₹49,763.53 Cr.
- Consolidated Revenue from operations 9M FY26: ₹51,136.88 Cr.
- Standalone Other equity (excluding revaluation reserves) as of Dec 31, 2025: ₹24,087.84 Cr.
- Consolidated Other equity (excluding revaluation reserves) as of Dec 31, 2025: ₹23,099.77 Cr.
- Both standalone and consolidated financial results are presented.
- Consolidated results include subsidiaries, some unaudited by independent auditors.
Corporate Overview
- Leadership roles across India, Asia, and Europe.
- Operations within India's FMCG and modern retail ecosystem.
- Evaluating the full impact of new consolidated labour codes.
- Primarily engaged in retail trades through offline channels.
- Also operates through online channels.
- Board expressed deep appreciation for outgoing MD & CEO's contributions.
- New CEO appointment signals forward-looking strategic direction.
- No separate reportable segment as per IND AS 108 - Operating Segments.
Risk Factors
- Evaluating impact of new labor codes.
- Auditor relies on unreviewed subsidiary financials.
- Intense competition in the retail market.
- Potential economic slowdown affecting consumer spending.
Key Drivers
- New CEO brings extensive retail experience.
- Strong revenue and profit growth continues.
- Focus on digitization and product innovation.
- Strategic appointments in key business areas.
Auditor’s Report
- Review report, not an audit opinion.
- No material misstatement found in standalone financial results.
- Consolidated results rely on unaudited financials of three subsidiaries.
- Subsidiary financials not reviewed by independent auditors.
- Management certified subsidiary financials as not material to Group.
Board Commentary
- Mr. Ignatius Navil Noronha ceases as MD & CEO on 31st January, 2026.
- Mr. Anshul Asawa appointed CEO from 1st February, 2026.
- Mr. Anshul Asawa appointed MD for 3 years from 1st April, 2026, subject to shareholder approval.
- New Senior Management Personnel designated due to reporting structure change.
- Impact of new consolidated labour legislations.
- New Labour Codes made effective from 21st November, 2025.
- Company evaluating impact of new labour codes.
- Commercial Papers allotted and listed on BSE Limited.
Corporate Governance
- Board decisions based on Nomination and Remuneration Committee recommendations.
- Audit Committee reviewed and recommended financial results.
- Auditor's reliance on management-certified subsidiary financials for consolidated results.
Management Discussion & Analysis
Future Strategy
- Appointment of new Chief Executive Officer and Managing Director.
- Designation of new Senior Management Personnel in key business areas.
Operational Focus Areas
- Focus on FMCG, General Merchandising, Apparels, and Investor Relations.
Performance Drivers
- New CEO's focus on consumer-centricity, commercial discipline, and execution.
- Leadership in digitization efforts and product innovations.
Risk Control Measures
- Company is evaluating impact of new labour codes.
- Estimated incremental liability for own employees is not material.
- Management views other impacts as unlikely to be material.
Critical Risks
- Potential impact of new Labour Codes.