Avenue Supermarts announced Anshul Asawa’s appointment as CEO and Managing Director. The Board approved unaudited Q3 2026 financial results, reporting revenue of ₹17,612.62 crore and net profit after tax of ₹923.05 crore. Changes to senior management roles were also approved. Mr. Ignatius Navil Noronha’s term as Managing Director concludes on January 31, 2026.
Leadership Transition
Anshul Asawa has been appointed as Chief Executive Officer (CEO) effective February 1, 2026, and as Managing Director from April 1, 2026, for a three-year term, pending shareholder approval. The board expressed gratitude for Mr. Ignatius Navil Noronha’s contributions during his tenure as Managing Director, which concludes on January 31, 2026.
Key Management Appointments
Effective February 1, 2026, there are several designations:
- 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 Highlights (Standalone)
Avenue Supermarts reported the following standalone financial results for Q3 2026:
- Revenue from operations: ₹17,612.62 crore
- 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-Month Financial Performance (Standalone)
Key figures for the nine months ending December 31, 2025:
- Revenue from operations: ₹49,763.53 crore
- Total Income: ₹49,860.85 crore
- Profit before tax: ₹3,350.39 crore
- Net profit after tax: ₹2,499.33 crore
Q3 2026 Financial Highlights (Consolidated)
Avenue Supermarts reported the following consolidated financial results for Q3 2026:
- Revenue from operations: ₹18,100.88 crore
- Total Income: ₹18,117.81 crore
- Profit before tax: ₹1,175.19 crore
- Net profit after tax: ₹855.78 crore
Nine-Month Financial Performance (Consolidated)
Key figures for the nine months ending December 31, 2025:
- Revenue from operations: ₹51,136.88 crore
- Total Income: ₹51,192.81 crore
- Profit before tax: ₹3,177.45 crore
- Net profit after tax: ₹2,313.44 crore
Source: BSE
