New Delhi, Aug. 27 -- The number that defines Avenue Supermarts is not its headline revenue - it is the revenue per square foot. In Q1 FY27, DMart delivered roughly Rs 35,000 in revenue per square foot of retail space, a figure that no other listed Indian retailer has come close to replicating in a decade of trying. That density of throughput is what the market pays for when it assigns DMart a valuation premium over its peers, and in Q1 FY27, it held.

a function of accelerated store expansion dragging on mature-store economics - but PAT came in near Rs 740 crore, up 12%. The company added seven new stores during the quarter, taking its total count to approximately 378. Each new store in a new geography takes two to three years to reach t...