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DMart’s annualized revenue per store remained flat at ₹1,516 million in Q2 FY26, showing marginal movement from ₹1,519 million in Q1. This stability follows multiple quarters of softening growth - the YoY increase slowed to just 1%, reflecting subdued discretionary spending and slower volume recovery.
What it Means:
With per-store productivity stagnating, DMart’s next growth leg depends less on new store openings and more on same-store efficiency, category mix optimization, and value pricing. The plateau signals a mature retail phase, where expansion alone won’t drive topline gains - operational agility and higher-margin categories will now shape profitability momentum.
