Indian markets ended higher as election trends lifted overall sentiment, setting off sharp stock moves. Valor Estate, BHEL, and Vedanta stood out among gainers, while Sun TV, Avenue Supermarts, and Kotak Bank fell. The day highlighted how quickly political cues can reshape trading momentum across sectors.
Avenue Supermarts, which runs DMart, reported a 19% jump in March-quarter FY26 net profit to Rs 656.6 crore. The company’s revenue also increased 19% year-on-year, signaling continued momentum in its retail performance. Profit is attributable to the equity holders of the company, according to the results released on Saturday.
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DMart is accelerating its physical footprint, adding 65–70 stores yearly and targeting 2,200 locations by 2030, with each mature outlet earning steady 5–6% margins. Meanwhile, quick commerce firms like Blinkit and JioMart are winning app users and orders via 10-minute delivery, but are still heavily loss-making. The two models are diverging because they serve different shopping moments and economies by city density.
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