Avenue Supermarts announces Anshul Asawa as the new CEO effective February 1, 2026 and Managing Director starting April 1, 2026, succeeding Ignatius Navil Noronha. The company’s Q3 2026 standalone revenue increased to ₹17,612.62 crore, with a net profit after tax of ₹923.05 crore. The board also designated new Senior Management Personnel due to reporting structure changes.
Leadership Transition
Anshul Asawa has been appointed as the Chief Executive Officer (CEO) of Avenue Supermarts, effective February 1, 2026. He will also take on the role of Managing Director from April 1, 2026. This follows the conclusion of Ignatius Navil Noronha’s term. The board expressed its gratitude for Mr. Noronha’s contributions during his tenure.
Designation of Senior Management
Effective February 1, 2026, the following individuals have been designated as Senior Management Personnel:
Sachin Jaolekar: Vice President – FMCG
Dastgir Shaikh: Vice President – General Merchandising
Shyam Gupta: Head – Apparels
Rushabh Ghiya: Head – Investor Relations and Chief of Staff
Q3 2026 Financial Performance (Standalone)
Avenue Supermarts reported the following standalone financial results for Q3 2026 (Oct-Dec):
Revenue from Operations: ₹17,612.62 crore (compared to ₹15,565.23 crore in Q3 2025)
Total Income: ₹17,642.89 crore
Profit Before Tax: ₹1,236.32 crore
Net Profit After Tax: ₹923.05 crore
Earnings Per Share: ₹14.19
Nine Months Ended December 31, 2025 (Standalone)
Key figures for the nine months ended December 31, 2025, include:
Revenue from Operations: ₹49,763.53 crore (compared to ₹43,327.42 crore for the same period last year)
Total Income: ₹49,860.85 crore
Profit Before Tax: ₹3,350.39 crore
Net Profit After Tax: ₹2,499.33 crore
Consolidated Financial Results – Q3 2026
Key highlights from the consolidated financial results for Q3 2026 (Oct-Dec):
Revenue from operations: ₹18,100.88 crore vs ₹15,972.55 crore in Q3 2025.
Total Income: ₹18,117.81 crore.
Net Profit After Tax: ₹855.78 crore.
Nine Months Ended December 31, 2025 (Consolidated)
Revenue from operations: ₹51,136.88 crore vs ₹44,486.19 crore for the same period last year.
Total Income: ₹51,192.81 crore.
Net Profit After Tax: ₹2,313.44 crore.
Source: BSE
