Avenue Supermarts Approves Financials, Announces Key Appointments and Non-Convertible Debenture Issuance

Avenue Supermarts Approves Financials, Announces Key Appointments and Non-Convertible Debenture Issuance​

Avenue Supermarts Limited announced significant corporate developments, including the approval of un-audited standalone and consolidated financial statements for the quarter ended June 30, 2026. The company also confirmed plans to issue up to Rs. 1,000 crore in non-convertible debentures and detailed changes in key managerial roles.

The Board of Directors, at its meeting on July 11, 2026, approved several matters relating to corporate governance and finance. These approvals include the issuance of Non-convertible Debentures aggregating up to Rs. 1,000 crore in one or more tranches via a private placement basis.

Key appointments and role changes were also confirmed:

• Reappointment: Mr. Bhaskaran N (DIN: 10808853) was reappointed as Whole-time Director and Chief Operating Officer of the Company for a period starting October 17, 2026, and concluding May 31, 2028, pending shareholder approval. Mr. Bhaskaran N has over 32 years of experience in corporate secretarial functions, operations, supply chain management, and human resource management.
• New Appointment: Mr. Lalit Ahuja was appointed as Chief Operating Officer and Senior Management Personnel effective July 13, 2026. Mr. Ahuja holds a Bachelor of Science degree from Delhi University and is an alumnus of IIM Bangalore.
• Role Change: Mr. Parvez Vandrewala’s role transitioned from Chief Operating Officer to Head - Centre of Excellence, effective November 1, 2026. He will continue as Senior Managerial Personnel of the Company.

Furthermore, the Board reviewed and approved the request from Mr. Vijay Shankar Chandak seeking reclassification from Promoter Group to Public category, noting that Mr. Chandak satisfies the specified conditions, subject to approval by the Stock Exchanges.

Financial Performance Snapshot (Quarter Ended June 30, 2026)​

The company released the un-audited standalone financial results for the quarter ended June 30, 2026, reviewed by S R B C & Co LLP. The consolidated statements provided a view of the entire Group's performance across the period.

The key financial metrics for the company during the quarter ending June 30, 2026, are summarized below (figures in Crores):


The Group's consolidated performance saw Total Income reach 18,820.31 in the quarter. Key financial indicators for both standalone and consolidated entities are presented below:

Consolidated Financial Review​

The unaudited consolidated financial results, which encompass the holding company and its subsidiaries including Avenue E-commerce Limited and Align Retail Trades Private Limited, were also released for the quarter ended June 30, 2026.

The Group's revenue stood at 18,794.53 in this period. Total expenses for the period amounted to 17,637.17, resulting in a profit before tax of 1,183.14. The consolidated entity reported Net Profit after Tax of 860.44 and a Total Comprehensive Income of 858.27.

DMART Stock Price Movement​

On Friday, shares of Avenue Supermarts Limited slipped slightly, settling at ₹4081.10 after closing down ₹4.40 or 0.11%. The stock recorded a traded volume of 752,660 shares during the session.