DMart Leadership Shake-Up: Anshul Asawa to Replace Ignatius Navil Noronha as MD & CEO

Avenue Supermarts | Standalone revenue for operations for the quarter that ended on December 31 stood at ₹17,612 crore, which is a growth of 13% from the ₹15,565 crore that it reported during the same quarter last year. The total number of stores the company has at the end of the December quarter stood at 442, including one store in Navi Mumbai, which is currently closed for customers due to reconstruction.

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CNBC TV18•10-01-2026, 19:35

DMart Leadership Shake-Up: Anshul Asawa to Replace Ignatius Navil Noronha as MD & CEO

•Ignatius Navil Noronha's tenure as DMart MD and CEO concludes on January 31, 2026.
•Anshul Asawa, currently CEO Designate, will take over as CEO on February 1, 2026, and MD from April 1, 2026, pending shareholder approval.
•Asawa brings three decades of experience from Unilever, having held senior leadership roles across India, Asia, and Europe.
•DMart reported strong Q3 financial results: net profit up 17% to ₹856 crore, revenue up 13.3% to ₹18,101 crore, and EBITDA up 20.2% to ₹1,463 crore.
•Four officials were designated as Senior Management Personnel from February 1, 2026, due to a reporting structure change.

Why It Matters: DMart announces a significant leadership transition with Anshul Asawa succeeding Ignatius Navil Noronha.

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