Investor Presentation for the quarter and half year ended 30th September, 2026

10th October, 2026 BSE Limited The 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: Investor Presentation Dear Sir/ Madam, Please find enclosed herewith Investor Presentation of the Company for the quarter and half year ended 30th September, 2026. Kindly take the same on your record. Thanking you. Yours faithfully, For Avenue Supermarts Limited Ashu Gupta Company Secretary & Compliance Officer Encl: As above H1 FY 2027 Corporate Presentation Table of Contents Business Overview Operating & Financial Summary Corporate Presentation Business Overview Key Product Categories Foods Non-Foods (FMCG) General Merchandise & Apparel Share of Revenue Share of Revenue Share of Revenue H1/26 H1/27 H1/26 H1/27 H1/26 H1/27 23.62% 23.34% 57.01% 56.90% 19.65% 19.48% 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 4 Cluster Based Expansion Strategy Continues Punjab (26) Uttarakhand (22) Haryana Uttar Pradesh Gujarat (1) (4) (14) Maharashtra Andhra Rajasthan Madhya Pradesh (34) Pradesh & 55 Karnataka Telangana Stores Punjab (30) (30) (21) (3) (4) NCR Uttar Pradesh Gujarat 2011-12 (11) (1) (77) Rajasthan Madhya Pradesh Punjab (23) (26) Gujarat NCR Madhya Pradesh & (1) (68) Chhattisgarh Rajasthan (16) (7) Chhattisgarh Daman Gujarat Odisha (8) (37) (1) Chhattisgarh Maharashtra Telangana Daman (6) (132) (48) Andhra Pradesh Daman Telangana Goa (1) Maharashtra (47) Telangana (45) (1) Maharashtra (24) (120) Andhra Karnataka (76) Andhra Pradesh Karnataka Pradesh (53) (17) Ka (r 2n 0a )taka (41) Tamil Na(4 d2 u) Tam (i 3l 6N )adu St5 o1 r8 Tamil Nadu Stores Stores (10) (27) 2019-20 H1 2025-26 H1 2026-27 Nopresence Lessthan20Stores 21to50Stores Morethan50stores Numbers in bracket represent stores in that particular state. Corporate Presentation 5 DMart Ready – Focusing only in Large Towns Gurugram Indore Bhopal Jaipur Indore Bhopal Sanand Ahmedabad Sanand Ahmedabad Vadodara Raipur Vadodara Mumbai Nagpur Surat Mumbai Nagpur (MMR) Pune (MMR) Visakhapatnam Pune Hyderabad Visakhapatnam Nashik Hyderabad Kolhapur Vijayawada Mumbai Chennai (MMR) Bangalore Bangalore 1 City 19 Cities 11 Cities 2016-17 H1 2025-26 H1 2026-27 Corporate Presentation 6 Year Wise Store Additions 324 365 415 432 500 518* FY23 FY24 FY25 H1/26 FY26 H1/27 * Includes Sanpada Store at Navi Mumbai currently closed for customers due to reconstruction Corporate Presentation 7 Operating & Financial Summary Operating & Financial Summary Total Bills Cuts (in Crs) Like For Like Growth (>24 Months)* Retail Business Area at Quarter End (in mn’ sqft) Revenue from Sales per Retail Business Area sq ft# *: 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 reporting period. #: Annualized revenue from sales calculated on the basis of 92 days in a quarter (on standalone basis) divided by Retail Business Area at the end of reporting period. Corporate Presentation 9 )RNI( 11.0 11.1 10.8% 10.3 10.1 9.5% 6.8% 5.6% 5.5% Q2/26 Q3/26 Q4/26 Q1/27 Q2/27 Q2/26 Q3/26 Q4/26 Q1/27 Q2/27 21.4 9,290 20.6 20.7 8,741 8,692 8,571 8,395 18.3 17.9 Q2/26 Q3/26 Q4/26 Q1/27 Q2/27 Q2/26 Q3/26 Q4/26 Q1/27 Q2/27 Financial Summary Revenue from Operations # EBITDA^ & EBITDA Margin 66,968 5,700 5,255 12.0% 5,400 57,790 45 ,, 81 00 00 3,659 4,543 10.0% 4,500 4,099 2,930 49,533 4,200 3,900 8.0% 41,833 3,600 37,550 3,300 8.3% 7.9% 7.8% 32,151 23 ,, 70 00 00 8.7% 7.9% 2,543 7.8% 6.0% 2,400 2,100 1,800 4.0% 1,500 1,200 900 2.0% 0 0.0% FY23 FY24 FY25 H1/26* FY26 H1/27* FY23 FY24 FY25 H1/26* FY26 H1/27* Revenue from operations (INR in Crs) EBITDA (INR in Crs) EBITDA margin (as % of Revenue from Operations) PAT & PAT margin ** Net Cash flow from Operations ~ (INR Crs) 505 000 2,927 3,224 7.5% 3,724 4,168 00 2,695 05 00 2,556 6.5% 3,113 3,343 50 00 6.1% 4.9% 1,739 5.5% 00 2,298 50 00 5.4% 5.1% 1,576 4.8% 4.5% 2,021 50 4.6% 3.5% 00 2.5% 50 1.5% 0 0.5% FY23 FY24 FY25 H1/26* FY26 H1/27 * FY23 FY24 FY25 H1/26* FY26 H1/27* PAT (INR in crs) * All data for H1/27 and H1/26 corresponds to performance indicators for six months ending 30/9/26 and 30/9/25 respectively ^ EBITDA = Profit / (Loss) pre Tax + Deprand Amortisation+ Finance Costs -Other Income #Revenue from operations includes other operating income but excludes other income ~ Net Cash Flow from Operations = PAT+ Depreciation + Deferred Tax **PAT and PAT margin for FY23 is not comparable with other periods due to one-off tax benefit in FY23 Corporate Presentation 10 Financial Summary (Cont’d.) Days Inventory & Days Payables Debt and Equity 36.1 33.9 33.2 31.4 28.8 29.2 4,079 2,267 6.3 7.1 7.2 6.8 7.2 6.8 439 464 693 1,476 FY23 FY24 FY25 H1/26 FY26 H1/27 Days Inventory Days Payables Fixed Asset** and Inventory Turnover^ Ratio Return on Net Worth# and Return on Capital Employed Debt = Short + Long Term borrowings + Current portion of LT Debt + Lease Liability (per IndAS 116) Return on Net Worth = Net profit after tax / Average Net Worth * All data for H1/27 and H1/26 corresponds to performance indicators for six months ending 30/9/26 and 30/9/25 respectively Return on Capital Employed = EBIT / (Avg Debt + Avg Equity –Avg Cash –Avg Current Investment) ** Fixed Asset Turnover = Revenue from Operations/Total Fixed Assets (incl ROU Assets per Ind AS116) # RoNWfor FY23 and FY25 not comparable with prior periods, due to one-off tax benefit of Rs. 138.8 Crsand 36 Crs ^ Inventory Turnover Ratio = Revenue from Operations/Average Inventory respectively Days Inventory = (Average Inventory / COGS)*365 ; Days Payables = (Average Payables / COGS)*365 (183 for H1) Corporate Presentation 11 305,61 182,91 032,22 118,32 025,52 092,72 25,000 0.15 20,000 15,000 0.09 0.1 0.06 10,000 0.03 0.02 0.03 5,000 0 0.0 FY23 FY24 FY25 H1/26 FY26 H1/27 )srC RNI( Total Debt Equity Debt/ Equity 20.1% 14.8 14.6 19.1% 13.6 12.8 20% 17.8% 17.1% 16.8% 15.1% 8.8% 8.1% 10% 14.1% 13.5% 6.3 5.9 3.7 3.6 3.4 3.2 6.8% 6.6% 1.7 1.7 0% FY23 FY24 FY25 H1/26* FY26 H1/27* FY23 FY24 FY25 H1/26* FY26 H1/27* Return on Net Worth Return on Capital Employed Fixed Asset Turnover Inventory Turnover Ratio Thank you! Corporate Presentation