Avenue Supermarts, which runs the DMart chain of stores, posted a flat net profit for the June quarter of FY26 (Q1FY26), as rising competition and margin pressures offset revenue growth. Profit for the June quarter came in at Rs 773 crore versus Rs 774 crore reported last year, missing analysts’ estimates by a wide margin. Bloomberg consensus estimates had pegged Q1 net profit at Rs 883 crore. While the firm benefited from favourable pricing in staples and non-food categories, which helped the retailer post a 16.3% year-on-year rise in revenue to Rs 16,360 crore for the quarter, the company has been feeling the pressure of competitive intensity especially from quick commerce players.