New Delhi, July 11 -- Avenue Supermarts Ltd, the operator of DMart, reported a subdued Start to the earnings season on Friday as margin pressures and soft discretionary spending dragged down performance in the first quarter of FY26.

Revenue for the April-June quarter stood at Rs.15,932 crore, a 16.19% increase from a year earlier. However, this fell short of the Rs.16,579 crore projected by four Bloomberg-polled analysts, marking a rare miss for India's largest retailer by market capitalisation.However, there was a bright spot, as net profit rose 2.1% year-on-year (y-o-y) to Rs.829.73 crore, even though it missed analyst expectations of Rs.856.2 crore.

CEO Neville Noronha pointed to multiple headwinds following the earnings announcement...