Avenue Supermarts Limited has reported robust financial performance for the quarter and year ended March 31, 2026, achieving an annual net profit of ₹3,223.93 crore. Alongside its financial results, the company announced the conclusion of Mr. Chandrashekhar Bhave’s tenure as an Independent Director and several key changes within its senior management team, including new operational oversight roles for Mr. Hitesh Shah and Mr. Ravi Sharma to drive long-term business strategy.
Financial Highlights for FY26
For the financial year ended March 31, 2026, Avenue Supermarts Limited recorded a revenue from operations of ₹66,968.03 crore, demonstrating consistent growth. The net profit after tax reached ₹3,223.93 crore, reflecting a solid performance across its retail operations. For the final quarter (Q4), the company reported a net profit of ₹724.60 crore on revenue of ₹17,204.50 crore.
Strategic Leadership Changes
The company announced significant leadership updates effective May 2, 2026. Mr. Hitesh Shah has been re-designated as Chief Business Officer – Pharmacy and Food Services, assuming oversight of the Food Business in addition to his existing responsibilities. Mr. Ravi Sharma, currently Head of Risk and Compliance, will take on the additional role of Internal Auditor for the 2026-27 financial year.
Furthermore, Mr. Rohit Mundhra is transitioning to the role of Regional Head – Operations (Rajasthan). The company also noted the departure of Mr. Chandrashekhar Bhave, who will conclude his second term as an Independent Director at the close of business on May 16, 2026. The board expressed its appreciation for his significant contributions and guidance during his tenure.
Operational Outlook
Avenue Supermarts continues to focus on its core offline retail business, maintaining a strong balance sheet with total equity of ₹25,519.59 crore as of March 31, 2026. By streamlining reporting structures and realigning senior leadership, the company aims to enhance operational efficiency and maintain its competitive position within the retail sector as it moves into the new fiscal year.
Source: BSE
