Avenue Super Q2 FY26 – Moderate Growth, Margins Under Pressure

Avenue Supermarts (D-Mart) reported steady growth in Q2 FY26. Sales rose 15% YoY to ₹16,676 crore, supported by healthy store performance. Operating profit (EBIDT) grew 11% YoY to ₹1,214 crore, indicating stable operations but slight margin pressure sequentially. Net profit inched up 4% YoY to ₹685 crore, while EPS also increased 4% to ₹10.53, compared to ₹10.14 last year. At a stock price of ₹4,320, with a market cap of ₹2.81 lakh crore and a PE of 102.9, valuations remain high, reflecting strong investor confidence but limited near-term upside potential.