Avenue Supermarts Limited – Store Expansion Update

Date: 28 March 2026
Announcement: New store opened at Gopalan Arcade Mall, Bengaluru (Karnataka)

Key Highlights

• New outlet location: Gopalan Arcade Mall, Bengaluru.
• Total store count: 478 stores nationwide (up from 477).
• Strategic focus: Strengthening presence in South‑India’s Tier‑1 markets.

Strategic Implications

• Organic growth: Continues the company’s strategy of expanding its footprint in high‑density urban areas.
• Revenue potential: Additional store expected to contribute incremental same‑store sales, aiding top‑line growth.
• Capital efficiency: Store openings are capital‑light relative to large‑scale format expansions, supporting margin preservation.

Financial Considerations

• Capex impact: Minimal short‑term effect; the store is part of the ongoing rollout budget.
• Operating margins: Anticipated to remain stable; any uplift will depend on traffic and inventory turnover.
• Cash flow: No immediate strain; funded from internal cash generation.

Risks & Opportunities

• Risks: Competitive pressure in Bengaluru, supply‑chain constraints, and potential slowdown in consumer spending.
• Opportunities: Capturing market share in Karnataka, cross‑selling across the DMart network, and leveraging economies of scale.

Outlook

The new store reinforces Avenue Supermarts’ growth trajectory and aligns with its long‑term vision of expanding the DMart brand across major Indian metros. While the immediate financial impact is modest, the cumulative effect of continued store openings is expected to drive sustainable revenue growth.

Prepared for investors on 28 March 2026.