Avenue Supermarts Limited – Store Expansion Update

Date: 27 March 2026

Key Highlights

• Five new stores opened in:
  1. Tirunelveli, Tamil Nadu
  2. Padoli, Chandrapur, Maharashtra
  3. Bareilly, Uttar Pradesh
  4. Sumthana, Nagpur, Maharashtra
  5. Shahapur, Thane, Maharashtra
• Total store count: 477 locations nationwide.
• Announcement filed with BSE (Scrip Code: 540376) and NSE (Scrip Symbol: DMART).

Strategic Implications

• Geographic diversification: Entry into new districts of Tamil Nadu, Uttar Pradesh, and additional Maharashtra markets strengthens regional coverage.
• Revenue growth potential: New outlets are expected to contribute incremental sales, supporting top‑line growth in FY2026‑27.
• Same‑store sales uplift: Expansion may boost overall same‑store sales metrics as the network scales.

Financial Considerations

• Capital expenditure: Store setup costs (lease, fit‑out, inventory) will increase short‑term cash outflows.
• Operating expenses: Additional staffing and logistics will raise SG&A, but economies of scale are anticipated.
• No immediate impact on guidance: The company has not revised its FY2026‑27 earnings or revenue forecasts.

Regulatory & Compliance

• The filing complies with disclosure requirements of both BSE and NSE.
• No new regulatory approvals or compliance issues were reported.

Outlook for Investors

• Growth trajectory: The continued rollout aligns with Avenue’s long‑term expansion roadmap, suggesting steady organic growth.
• Risk factors: Execution risk related to store performance, local market competition, and short‑term cash flow pressure.
• Opportunities: Increased market share, higher basket size, and potential for future store openings in untapped regions.

Prepared by the Finance Analysis Team – 27 March 2026