Dmart Q1 Results are out now. Dmart Reported Total Revenue of Rs. 16,360 crore as of June 30, 2025, a 16.3% increase from Rs. 14,069 crore in the same period last year. The Main Problem for Dmart is that their margin declined compared to last year.
Dmart Net Profit stands at Rs. 773 crore for Q1FY26, while last year in the same quarter company reported Rs. 774 crore Profits. Dmart’s Profit margin reported at 4.7% in Q1FY26 as compared to 5.5% in Q1FY25. Dmart reported flat profit because of rising operating costs and increased competitive pressure in the FMCG.
Dmart flat profits because of rising Operating Cost like investment in Capacity buildings, as well as employee expenses Increase almost 30% compared to last year. In Q1 FY26, Dmart Employees Cost reported 346.86 Crores, which is almost 30% Higher than last year’s 266.23 Crores.
In Q1 FY26, Dmart’s Revenue from its Food Category Increased. The Revenue Share of Food Reached 55.60% Which is Higher than last year’s 54.81%. The Revenue From non-FMCG reported 19.67% which is lower than last year’s 20.30%. The company’s General Merchandise & Apparel product Revenue also decreased. It reported 24.73% which is lower than last year’s 24.89%
Rising competition from quick commerce
Dmart is famous for its heavy discount offers, but recently, its margin has been shrinking because of huge competition from quick commerce delivery platforms like Blinkit, Zepto, and Swiggy Instamart. Those Quick Commerce companies are also giving huge discounts on products with Quick home delivery.
D-Mart Ready Approach
Dmart is also scaling up its online delivery platform, D-Mart Ready. DMart is going with a slow and steady approach with D-Mart Ready. They are not going with an aggressive expansion of their quick commerce platform. They are focusing on scaling up in existing cities.
Big Changes:
Next Year, Dmart is going through a Big Change in Management. Dmart CEO and Managing Director Neville Noronha will step down in January 2026, and Anshul Asawa will be the new CEO of Dmart. Earlier, Dmart didn’t go aggressive in the Online space, but with the new CEO Change, it will be quite interesting to see Dmart Strategy about the Online Quick commerce approach.
Dmart Store Addition
The Company also opened 9 new stores during the quarter. With these 9 Additional stores, the Dmart Total Store count reached 424 as on June 30, 2025. In FY 2022, the Company had 284 Stores, and now Dmart has 424 Total Stores.
Why Dmart?
Dmart understands the price-sensitive Indian Customers’ needs. Dmart is providing consistently low prices on everyday essentials. Dmart is the one-stop destination for all home essentials. You can find all kinds of stuff in Dmart from groceries and staples, apparel for men & women, and daily essentials. The Company offers FMCG Products to the General Merchandise & Apparel product categories.