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Investor optimism in DMart's CEO plan hinges on Q1 results
Mint Bangalore
|July 11, 2025
Same-store sales growth is expected to remain in the mid-to-high single-digit range for the June quarter
For Avenue Supermarts Ltd, the June quarter (Q1FY26) could serve as the first real test since its leadership transition was announced.
It has been nearly six months since the company, which operates the DMart retail chain, disclosed that long-time chief executive Neville Noronha would step down by January 2026. Anshul Asawa was named as the next CEO.
Since the announcement on 11 January 2025 through 9 July, the company's shares have risen about 25%, outperforming the BSE Sensex, which gained 12% during the same period. This suggests investors have so far supported the company's plan for a smooth leadership handover.
That optimism, however, may now be tested as Avenue Supermarts prepares to report its financial results for the April-June quarter.
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