DMART

What Avenue Supermarts promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 15 tracked 4 delivered 3 missed 8 open
  • Annual Store Additions delivered said Q4 FY24 Promised: in another two to three years, this 40 should go to a 60 or a 70 per year Q4 FY26: Opened 85 stores in FY26, significantly exceeding the 60-70 stores/year rate targeted for FY27. The target was achieved a year ahead of schedule.
  • DMart Ready Losses missed said Q1 FY24 Promised: 90% of the worries that we had about how much money we are going to lose has actually gone... it can't lose too much of money Q4 FY26: Net loss for FY26 widened further to ₹307 crore, a 24% increase from FY25. The consistent and significant increase in absolute losses directly contradicts the 'loss containment' promise.
  • DMart Ready Breakeven at risk said Q1 FY26 Promised: this is a business that can be broken even in a couple of years Q4 FY26: Losses widened to ₹307 crore in FY26. Management shifted focus to proving a 'sustainable, profitable model' in 11 cities, without reiterating the 'couple of years' breakeven timeline, indicating the original target is at high risk.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 15 tracked commitments for Avenue Supermarts — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens