Avenue Supermarts Limited has informed the Exchange about Transcript of conference call with Analyst/ Institutional Investors held on 30th July, 2025

Avenue Supermarts (DMart) held its annual analyst call on July 30, 2025, with this being outgoing MD & CEO Neville Noronha's final call before handing over to CEO Designate Anshul Asawa (ex-Unilever, 30 years FMCG). For FY25, standalone revenue from operations stood at INR 57,790 crores with sales growth of 16.7%, EBITDA margin of 7.9%, and PAT (ex-tax gain) of INR 2,891 crores growing 7.3%; consolidated revenue was INR 59,358 crores with PAT of INR 2,707 crores. Avenue E-Commerce (DMart Ready) grew 21% but losses widened to INR 247 crores; RoCE moderated slightly to 17.8%. Management highlighted plans to accelerate store expansion beyond the historical 10-15% annual pace, with new focus on North India including UP, and aspirations to be at 600+ stores (vs current ~370). On competition, management noted gross margins were slightly better YoY but mix is shifting towards lower-priced products, dismissed quick commerce as a structural threat to the offline model, and indicated deflation in staples has driven volume pickup.