Brands
Dmart rings up a merry quarter as profits check out stronger
MUMBAI: If retail had a festival season winner, Dmart would be standing at the billing counter with a wide grin. Avenue Supermarts Limited, which operates the Dmart chain, reported a solid performance for the quarter ended 31 December 2025, buoyed by festive and wedding season demand that kept trolleys full and cash registers busy.
For Q3 FY26, revenue from operations rose to Rs 17,612.62 crore, up from Rs 15,565.23 crore in the same quarter last year. Total income for the quarter stood at Rs 17,642.89 crore, reflecting the retailer’s ability to convert seasonal footfalls into consistent topline growth.
Profit before tax for the quarter came in at Rs 1,236.32 crore, compared with Rs 1,052.60 crore a year ago. Net profit after tax increased to Rs 923.05 crore, marking a clear improvement over the Rs 784.65 crore posted in Q3 FY25. Earnings per share followed suit, with basic EPS at Rs 14.19 for the quarter, up from Rs 2.06 last year.
The nine-month story was equally telling. For the period ended December 2025, revenue from operations reached Rs 49,763.53 crore, compared with RTs 43,327.42 crore in the corresponding period last year. Net profit after tax for the nine months rose to Rs 2,499.33 crore from Rs 2,307.47 crore, underscoring steady execution in a competitive retail environment.
Operational discipline remained central to the performance. Employee benefit expenses for the quarter stood at Rs 350.41 crore, while depreciation and amortisation came in at Rs 240.93 crore. Operating margin improved to 8.41 per cent in Q3 FY26, up from 7.58 per cent a year earlier, while net profit margin expanded to 5.24 per cent from 4.60 per cent.
Festive demand played a starring role. Strong sales during Dussehra, Dhanteras and Diwali lifted volumes across categories, helping the retail segment account for over 83 per cent of total revenue during the quarter. Inventory turnover and trade receivables metrics also reflected tighter working capital management as the company scaled.
As of 31 December 2025, Avenue Supermarts continued to balance growth with financial prudence, maintaining a low debt profile and healthy coverage ratios. With expansion plans in place and consumption sentiment still favouring value-led retail, Dmart’s numbers suggest that, for now, its everyday low-price promise continues to ring true at the checkout.
Brands
Magellanic Cloud names Syed Ameeruddin CEO of e-surveillance arm
Keeping a sharper eye on the future, Magellanic Cloud is putting a seasoned watcher in charge.
MUMBAI – Magellanic Cloud Ltd. has elevated Syed Ameeruddin as Chief Executive Officer of its e-surveillance business, bringing its iVIS and Provigil operations under a unified leadership to accelerate growth in intelligent monitoring and infrastructure solutions.
Ameeruddin, a nearly two-decade veteran of the company, steps into the role after leading the e-surveillance vertical. His career trajectory—from Business Development Manager to the top of the vertical—reflects a steady climb built on operational depth, client engagement, and strategic execution across multiple subsidiaries.
Over the years, he has played a central role in expanding the company’s footprint, strengthening client relationships, and streamlining operations. He has also been instrumental in integrating acquisitions, helping align new businesses with Magellanic Cloud’s long-term strategy while stabilising performance across diverse domains.
More recently, Ameeruddin has contributed to securing key mandates spanning railways, the National Highways Authority of India, and the BFSI sector—wins that have bolstered the company’s order book and deepened its presence in critical infrastructure.
Commenting on the move, Joseph Sudheer Thumma said Ameeruddin’s leadership has been “pivotal in shaping the e-surveillance business,” citing his ability to drive growth, build teams, and deliver strategic wins as key to the company’s journey. His elevation, Thumma added, is expected to further accelerate expansion in AI-driven surveillance and infrastructure solutions.
The transition comes as demand surges for AI-enabled monitoring, centralised command systems, and large-scale deployments across mission-critical environments. Magellanic Cloud’s e-surveillance segment—anchored by iVIS and Provigil—has emerged as a significant growth engine, delivering projects across banking, transport, highways, and public infrastructure.
In his new role, Ameeruddin will focus on scaling platform capabilities, expanding deployments in complex environments, and developing integrated solutions that enhance real-time intelligence and operational resilience. He will continue to serve as Chief Operating Officer of the company alongside his new responsibilities.
With this leadership shift, Magellanic Cloud is doubling down on its ambition to stay ahead in India’s rapidly evolving surveillance ecosystem—where seeing, increasingly, is not just believing, but predicting.
