<ul data-eligibleForWebStory="false"><li>Dmart reported a consolidated net profit of ₹773 crore in Q1, remaining unchanged from the previous year. The EBITDA margin dropped to 7.9% from 8.7% a year ago.</li><li>Total revenue for the quarter increased by 16.3% to reach ₹16,360 crore. Revenue growth was impacted by deflation in many staples and non-food products.</li><li>Gross margins decreased compared to the previous year due to competitive intensity in the FMCG sector. Operating costs rose by over 17% due to investments in service levels, capacity building, and wage inflation.</li><li>Like-for-like growth declined to 7.1% from 9.1% the previous year. The retailer opened 9 new stores during the quarter, totaling 424 stores by June. Revenue primarily came from foods (over 55%), followed by general merchandise and apparel.</li></ul>

Dmart reports flat Q1 profit, margins slip on higher costs

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