Latest Updates Around The World
Avenue Supermarts, the parent company of retail chain DMart, on Saturday reported its third-quarter results for fiscal 2026, registering 18.3% year-on-year (year-on-year) growth in consolidated profit after tax (PAT) at Rs 855.92 crore, compared to Rs 723.72 crore in the same period last year. Meanwhile, operating income witnessed a spike of 13.3% year-on-year.Revenue from operations […]
Shares of Trent fell further after the update, falling more than 8%, as investors continued to price in slower growth and increasing competitive pressure in the budget fashion segment. According to Karan Taurani, EVP at Elara Securities, the sharp correction reflects a valuation downgrade rather than just an earnings revision.Speaking to ET Now, Taurani said […]
India’s largest NBFC Bajaj Finance reported a 15% year-on-year increase in new loans booked in the quarter ended December to Rs 1.39 crore, compared to Rs 1.21 crore in the same period a year ago. The company’s assets under management grew by 22% or Rs 23,600 crore to around Rs 4,85,900 crore in the quarter […]
Contraceptive maker Cupid, whose shares fell 20% on Friday, said the third quarter of FY26 is likely to be its best-performing quarter yet, helped by continued demand momentum and smooth operational execution. The small cap company added that its order book is at a record high, providing strong revenue visibility for the coming quarters, according […]
DMart operator Avenue Supermarts reported a 13% year-on-year increase in its standalone operations revenue for the quarter ended December 31, 2025, at Rs 17,613 crore, compared to Rs 15,565 crore in the year-ago period.The number of stores of the retail chain promoted by Radhakishan Damani stood at 442 in the quarter under review. The announcement […]
SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF), managed by SBI Mutual Fund, have invested Rs 100 crore in eyewear retailer Lenskart Solutions Limited through a pre-IPO transaction at a transfer price of Rs 402 per equity share. The investment comes in advance of Lenskart’s IPO, which is scheduled for Friday, October 31, […]
Billionaire investor Radhakishan Damani, founder of Avenue Supermarts (DMart), has invested around Rs 90 crore in eyewear retailer Lenskart Solutions in a pre-IPO (initial public offer) funding round, people familiar with the development said on Friday. The investment comes ahead of Lenskart’s initial public offering, which is expected to open for public subscription next week. […]
Avenue Supermarts, which operates hypermarket chain DMart, reported a consolidated net profit of 3.9 percent in the second quarter of FY26 and a revenue increase of 15.4 percent, driven by food sales. The company reported a net profit of ₹685 crore on revenues of ₹16,676 crore. Like-for-like growth, a key metric for retailers, slowed to […]
Avenue Supermarts, which operates retail chain DMart, on Saturday reported 4% growth in second-quarter net profit at Rs 685 crore, compared to Rs 660 crore in the same period a year ago. The profit after tax (PAT) is attributable to the shareholders of the parent company. Revenue from operations stood at Rs 16,676 crore, up […]
