Guidance ledger · Q1 FY26

Avenue Supermarts Limited DMART

3 revisions on record · 1 lowered · 1 raised — the strikethrough is what management used to say

refuses forward guidance · held across quarters

Holding view → · latest concall · The pulse

↑ raised FY26 minimum store openings Q1 FY25 → Q1 FY26

~~40-45 stores per year (FY25 ask)~~ → at least 50, will not be less than 50

“I mean, it won't be less than 50.”

↓ lowered Quick commerce SSSG impact Q1 FY25 → Q1 FY26

~~1%-1.5% gut feel~~ → 9.9% to 8.4% LFL reality

“from 9.9% we went to 8.4%”

→ narrowed DMart Ready footprint - pickup points Q1 FY23 → Q1 FY25

~~573 pickup points (FY23)~~ → 341 (232 closed)

“There are 341 this year, we shut down 232.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.