DMART

24th July, 2026 To, BSE Limited National Stock Exchange of India Ltd. Corporate Services Department Corporate Communications Department Phiroze Jeejeebhoy Towers “Exchange Plaza”, 5th Floor, Dalal Street, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 540376 NSE Scrip Symbol: DMART Sub: Presentation for Analyst/ Investor Meet 2026 Dear Sir/ Madam, With reference to the letter dated 21st July, 2026 intimating the Analyst/ Investor Meet and one-on-one meetings scheduled on 28th July, 2026 and 29th July, 2026, please find enclosed herewith presentation for the said meetings. The Presentation is also available on website of the Company https://www.dmartindia.com/investor-relationship. Kindly take the same on record. Thanking You, For Avenue Supermarts Limited Ashu Gupta Company Secretary & Compliance Officer Encl: as above Safe Harbor Statement  The information contained in this Presentation should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date of the Presentation. The informationset out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. This presentation is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither the Company nor its affiliates, or representatives are under an obligation to update, revise or affirm. You acknowledge and agree that the Company and/or its affiliated companies and/or their respective employees and/or agents have no responsibility or liability (express or implied) whatsoever and howsoever arising (including, without limitation for any claim, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this Presentation and neither the Company, its affiliated companies nor their respective employees or agents accepts any liability for any error, omission or misstatement, negligent or otherwise, in this Presentation and any liability in respect of the Presentation or any inaccuracy therein or omission therefrom which might otherwise arise is hereby expressly disclaimed.  Certain statements contained in this Presentation may be statements relating to the Company’s beliefs, plans and expectationsabout the future and other forward looking statements that are based on management’s current expectations or beliefs as well as a number of assumptions about the Company’s operations and factors beyond the Company’s control or third party sources and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward looking statements. Forward looking statements contained in this Presentation regarding past trends or activities should not be taken as a representationthat such trends or activities will continue in the future. There is no obligation to update or revise any forward looking statements, whether asa result of new information, future events or otherwise. You should not place undue reliance on forward looking statements, which speak only as of the date of this Presentation.  Certain data contained in this Presentation was obtained from various external data sources, and neither the Company nor any of its affiliates, advisers or representatives has verified this data with independent sources. Accordingly, the Company and its affiliates, advisers and representatives make no representation as to the fairness, accuracy, correctness or completeness of that data, and this data involves risks and uncertainties and is subject to change based on various factors.  The information contained in this Presentation is not to be taken as any recommendation made by the Company or any other person to enter into any agreement with regard to any investment. You will be solely responsible for your own assessment of the market and the marketposition of the Company and you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. This document has not been and will not be reviewed or approved by a regulatory authority in India or by any stock exchange in India. This document and its contents should not be forwarded or transmitted in any manner to any person other than its intended recipient and should not be reproduced in any manner whatsoever. Corporate Presentation Table of Contents 1. Business Overview 2. Operating & Financial Summary Corporate Presentation Key Product Categories Foods Non-Foods (FMCG) General Merchandise & Apparel Share of Revenue Share of Revenue Share of Revenue FY25 FY26 FY25 FY26 FY25 FY26 22.28% 22.26% 57.73% 57.90% 20.01% 19.82% Groceries Dairy Staples Bed & Bath Toys & Games Crockery Home Care Snacks Frozen Products Processed Foods Plastic Goods Garments Beverages and Fruits & Cooking Oils Personal Care Toiletries Other over the Footwear Home Appliances Confectionery Vegetables counter products Corporate Presentation 5 Cluster Based Expansion Strategy Continues Punjab (24) Uttarakhand NCR (1) (21) Punjab Haryana Uttar Pradesh (24) Uttarakhand (1) (3) NCR (1) Madhya Pradesh Rajasthan (20) (29) (28) Haryana Uttar Pradesh (1) (3) Gujarat Punjab Rajasthan Madhya Pradesh (76) (5) (28) (29) NCR Madhya Pradesh & (1) Gujarat Chhattisgarh Rajasthan (16) (75) (7) Chhattisgarh Gujarat Daman Odisha (8) (37) Chhattisgarh (1) (1) Daman (8) Maharashtra (1) (128) Telangana Odisha (48) (1) Goa Daman Maharashtra Telangana Andhra Pradesh (1) (1) (128) (48) (47) Telangana Karnataka Mah (7 a 6 ra ) shtra Andhra Prade (2 s 4 h ) Goa Andhra (50) (17) (1) Pradesh Karnataka (47) Tamil Nadu 503 (20) Tamil Nadu 214 Karnataka Tamil Nadu 500 (36) Stores Stores (50) Stores (10) (35) 2019-20 2025-26 Q1 2026-27 Nopresence Lessthan20Stores 21to50Stores Morethan50stores Numbers in bracket represent stores in that particular state. Corporate Presentation 6 DMart Ready – Focus only on Key large towns Indore Bhopal Sanand Ahmedabad Vadodara Nagpur Mumbai (MMR) Pune Visakhapatnam Hyderabad Mumbai (MMR) Bangalore 11 Cities 1 City 2019-20 2025-26 Q1 2026-27 Corporate Presentation 7 Year Wise Store Additions 284 324 365 415 500* 85 50 41 40 50 FY22 FY23 FY24 FY25 FY26 * Sanpada Store at Navi Mumbai currently closed for customers due to reconstruction is included in 500 Corporate Presentation 8 Operating & Financial Summary Total Bills Cuts (in Crs) Like For Like Growth (24 Months)* 39.8 24.2% 35.3 16.7% 30.3 25.8 9.9% 8.4% 8.1% 18.1 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Retail Business Area at Fiscal End (in mn’ sqft) Revenue from Sales per Retail Business Area sq ft# 33,896 33,422 32,941 31,096 27,454 FY22 FY23 FY24 FY25 FY26 *: LFL growth means the growth in revenue from sales of same stores which have been operational for at least 24 months at the end of a Fiscal Year #: Annualized revenue from sales calculated on the basis of 365 days in a year (on standalone basis) divided by Retail Business Area at the end of Fiscal Year Corporate Presentation 10 )RNI( 20.6 17.2 15.1 13.4 11.5 FY22 FY23 FY24 FY25 FY26 Operating & Financial Summary (Cont’d.) Revenue from Operations # EBITDA^& EBITDA Margin 66,968 57,790 49,533 41,833 30,353 FY22 FY23 FY24 FY25 FY26 PAT & PAT margin* Net Cash flow from Operations ~ ^ EBITDA = Profit / (Loss) pre Tax + Deprand Amortisation+ Finance Costs -Other Income #Revenue from operations is including other operating income and excluding other income ~ Net Cash Flow from Operations = PAT+ Depreciation + Deferred Tax *PAT and PAT margin for FY23 and FY25 not comparable with prior periods , due to one-off tax benefit of Rs 138.8 Crs and 36.0 Crs respectively Corporate Presentation 11 )srC RNI( 5,255 5,700 12.0% 5,400 4 4 5 , , , 5 8 1 0 0 0 0 0 0 8.2% 3,659 4,099 4,543 7.8% 10.0% 4,200 3,900 8.0% 3,600 3,300 8.3% 2 3 , , 7 0 0 0 0 0 2,502 8.7% 7.9% 6.0% 2,400 2,100 1,800 4.0% 1,500 1,200 900 2.0% 600 300 0 0.0% FY22 FY23 FY24 FY25 FY26 )srC RNI( EBITDA EBITDA margin (as % of Revenue from Operations) 3,224 3,450 3,300 3,150 2,927 7.5% 3,000 2,695 2,850 2,700 2,556 6.5% 2 2 , , 4 5 0 5 0 0 5.3% 5.1% 4.8% 2,250 6.1% 5.5% 2,100 1,950 1,800 1,616 5.4% 4.5% 1,650 1,500 1,350 3.5% 1,200 1,050 900 2.5% 750 600 450 1.5% 300 150 0 0.5% FY22 FY23 FY24 FY25 FY26 )srC RNI( 4,168 3,724 3,343 3,113 2,050 FY22 FY23 FY24 FY25 FY26 )srC RNI( Operating & Financial Summary (Cont’d.) Days Inventory & Days Payables Debt and Equity 33.3 33.2 31.4 28.8 29.2 7.7 6.3 7.1 7.2 7.2 2,267 FY 22 FY23 FY24 FY25 FY26 416 439 464 693 Days Inventory Days Payables Fixed Asset* and Inventory Turnover^ Ratio Return on Net Worth# and Return on Capital Employed 14.8 14.6 25% 13.6 20.1% 12.8 12.8 19.1% 20% 17.8% 17.1% 15.6% 15% 16.8% 15.1% 10% 14.1% 13.5% 12.3% 3.1 3.7 3.6 3.4 3.2 5% 0% FY22 FY23 FY24 FY25 FY26 Return on Net Worth Return on Capital Employed FY22 FY23 FY24 FY25 FY26 Fixed Asset Turnover Inventory Turnover Ratio Debt = Short + Long Term borrowings + Current portion of LT Debt + Lease Liab(per Ind AS 116) Return on Net Worth = Net profit after tax / Average Net Worth * Fixed Asset Turnover = Revenue from Operations/Total Fixed Assets (incl ROU Assets per Ind AS 116) Return on Capital Employed = EBIT / (Avg Debt + Avg Equity –Avg Cash –Avg Current Investment) ^ Inventory Turnover Ratio = Revenue from Operations/Average Inventory # RoNWfor FY23 and FY25 not comparable with prior periods, due to one-off tax benefit of Rs. 138.8 Crs and Days Inventory = (Average Inventory / COGS)*365 ; Days Payables = (Average Payables / COGS)*365 36 Crs respectively Corporate Presentation 12 429,31 305,61 182,91 032,22 025,52 0.2 25,000 20,000 15,000 0.09 0.1 10,000 0.03 0.02 0.03 5,000 0.03 0 0.0 FY22 FY23 FY24 FY25 FY26 )srC RNI( Total Debt Equity Debt/ Equity Key Financials – Avenue Supermarts Limited Standalone and Consolidated Abridged Profit and loss Account For YE 31 March 2026 Standalone Consolidated YE Mar YE Mar YE Mar YE Mar YE Mar YE Mar Rs Crs Rs Crs 2026 2025 26/25 2026 2025 26/25 Sales 6 6,968 5 7,790 15.9% Sales 6 8,821 59,358 15.9% Tot Inc 6 7,096 5 7,964 15.8% Tot Inc 68,895 59,482 15.8% COGS 5 7,391 4 9,616 15.7% COGS 58,460 50,552 15.6% GC 14.30% 14.14% 16 bps GC 15.06% 14.84% 22 bps Empl Exp 1 ,352 1 ,013 33.5% Empl Exp 1,541 1,166 32.2% % of Tot Inc 2.02% 1.75% 27 bps % of Tot Inc 2.24% 1.96% 28 bps Other Exp 2 ,969 2 ,618 13.4% Other Exp 3,633 3 ,153 15.2% % of Tot Inc 4.43% 4.52% -9 bps % of Tot Inc 5.27% 5.30% -3 bps EBITDA 5 ,255 4 ,543 15.7% EBITDA 5,187 4,487 15.6% EBITDA % 7.85% 7.86% -1 bps EBITDA % 7.54% 7.56% -2 bps Fin Costs 1 30 5 8 125.0% Fin Costs 142 69 104.5% Dep & Amort 9 35 7 76 20.5% Dep & Amort 1,037 870 19.3% PBT 4 ,319 3 ,883 11.2% PBT 4,082 3,673 11.1% PBT % 6.44% 6.70% -26 bps PBT % 5.92% 6.17% -25 bps Tax (A+B) 1 ,095 9 56 14.5% Tax ( A+B ) 1,112 965 15.2% Current tax ( A ) 1 ,095 9 92 10.3% Current tax ( A ) 1,111 1,001 11.0% Related to earlier years ( B ) - - 36 Related to earlier years ( B ) 0 -36 PAT 3 ,224 2 ,927 10.1% PAT 2 ,970 2,707 9.7% PAT % 4.81% 5.06% -25 bps PAT % 4.31% 4.55% -24 bps PAT excl tax gain 3 ,224 2 ,891 11.5% PAT excl tax gain/loss 2,970 2,671 11.2% PAT excl tax gain % 4.81% 4.99% -18 bps PAT excl tax gain % 4.31% 4.49% -18 bps Corporate Presentation 13 Financials of Key Subsidiaries Avenue E-Commerce Limited Align Retail Trades Private Limited Avenue Food Plaza Private Limited YE Mar YE Mar YE Mar YE Mar YE Mar YE Mar YE Mar YE Mar YE Mar Rs. Crs Rs. Crs Rs. Crs 2026 2025 26/25 2026 2025 26/25 2026 2025 26/25 Sales 4,094 3,502 16.9% Sales 3,871 3,322 16.5% Sales 307 226 35.5% Tot Inc 4,096 3,507 16.8% Tot Inc 3,874 3,324 16.5% Tot Inc 308 227 35.2% COGS 3,587 3,069 16.9% COGS 3,721 3,199 16.3% COGS 182 149 22.5% GC 12.37% 12.37% 0 bps GC 3.89% 3.71% 19 bps GC 40.66% 34.36% 630 bps Empl Exp 130 111 17.8% Empl Exp 29 22 30.8% Empl Exp 22 14 60.8% % of Tot Inc 3.18% 3.16% 3 bps % of Tot Inc 0.74% 0.66% 8 bps % of Tot Inc 7.07% 5.95% 112 bps Other Exp 561 451 24.3% Other Exp 50 42 19.0% Other Exp 74 63 18.0% % of Tot Inc 13.69% 12.87% 82 bps % of Tot Inc 1.30% 1.27% 3 bps % of Tot Inc 24.04% 27.54% -351 bps EBITDA (185) (129) -43.5% EBITDA 72 59 21.6% EBITDA 29 2 1680.1% EBITDA % -4.52% -3.68% -84 bps EBITDA % 1.86% 1.78% 8 bps EBITDA % 9.48% 0.72% 876 bps Fin Costs 16 16 -3.1% Fin Costs 0 0 -62.5% Fin Costs 1 2 -49.7% Dep & Amort 109 107 1.6% Dep & Amort 12 10 17.7% Dep & Amort 18 14 33.1% PBT (307) (247) -23.9% PBT 62 50 23.5% PBT 11 (13) 186.2% PBT % -7.48% -7.05% -43 bps PBT % 1.60% 1.51% 9 bps PBT % 3.54% -5.56% 910 bps Tax - - 0.0% Tax 15 13 22.6% Tax 2 (3) 150.7% PAT (307) (247) -23.9% PAT 46 38 23.8% PAT 9 (10) 197.2% PAT % -7.48% -7.05% -43 bps PAT % 1.20% 1.13% 7 bps PAT % 3.05% -4.25% 730 bps Corporate Presentation 14