DMart

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Avenue Supermarts Limited
DMart
TypePublic
ISININE192R01011
IndustryRetail
FoundedMay 15, 2002; 22 years ago (2002-05-15)
FounderRadhakishan Damani
HeadquartersPowai,
Mumbai, Maharashtra
,
India
Number of locations
263[1] (June 2020)
Area served
India
Key people
Products
  • Grocery & Staples
  • Daily Essentials
  • Dairy & Frozen
  • Home and furniture
  • Home Appliances
  • Bed & Bath
  • Clothing
  • Footwear
  • Toys
  • Crockery
  • Luggage
  • Health and beauty
  • Sporting goods and fitness
  • Grocery
  • Fruits & Vegetables
RevenueIncrease ₹30,980 crore (US$3.9 billion) (FY2022)[2]
Increase ₹2,000.42 crore (US$250 million) (FY2022)[2]
Increase ₹1,492.55 crore (US$190 million) (FY2022)[2]
Total assetsIncrease ₹12,076 crore (US$1.5 billion) (2020)[2]
Total equityIncrease ₹10,431 crore (US$1.3 billion) (2020)[2]
Number of employees
9,456 permanent (2020)[2]
38,952 contractual (2020)[2]
Websitewww.dmartindia.com

Avenue Supermarts Limited, d/b/a DMart, is an Indian retail corporation that operates a chain of hypermarkets in India. It was founded by Radhakishan Damani in 2002, with its first branch in Powai's Hiranandani Gardens.[3] It has 302 stores in 100 cities across 14 states in India including Maharashtra, Andhra Pradesh, Telangana, Gujarat, Madhya Pradesh, Chhattisgarh, Rajasthan, National Capital Region, Tamil Nadu, Karnataka, Uttar Pradesh, Daman and Punjab.[4][5]

DMart is promoted by Avenue Supermarts Ltd. (ASL).[6] The company has its headquarters in Mumbai. As of 31 March 2022, DMart had a total of 10,713 permanent employees and 58,597 employees hired on contractual basis.[7] Market Capital have $29 billion( INR 2.40 trillion) $2.9 billion revenue with $200 million profit.

After the IPO listing (as Avenue Supermarts Ltd.), it made a record opening on the market on the National Stock Exchange. After the close of the stock on 22 March 2017, its market value rose to ₹39,988 crore. This pegged it as the 65th most valuable Indian firm, ahead of Britannia Industries, Marico and Bank of Baroda. [8]

As of 21 November 2019, the market capitalization of DMart is close to ₹114,000 crore, making it the 33rd largest company listed on the Bombay Stock Exchange.

Avenue Supermart reported its Q1FY23 update and the company has seen almost a 2x growth in revenue on a year-on-year basis. The revenue stood at Rs 9806 cr vs Rs 5031 cr last year.[9]

In 2022, Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, has reported a 35.75 per cent rise in standalone revenue from operations to Rs 10,384.66 crore for the second quarter of the current fiscal.[10]

Subsidiaries

  • Avenue Food Plaza Pvt Ltd
  • Align Retail Traders Pvt Ltd
  • Avenue E-Commerce Ltd
  • Nahar Seth & Jogani Developers Private Limited
  • Reflect Wholesale And Retail Private Limited[11]

See also

References

  1. ^ "Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help".
  2. ^ a b c d e f g "Avenue SupermartsLtd. Financial Statements". moneycontrol.com.
  3. ^ "Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help". Business Insider. Retrieved 15 September 2020.
  4. ^ "Submission to BSE - Report on the proceedings of the company meeting and Investor relations update October 2018" (PDF). www.dmartindia.com. Avenue supermarts. Retrieved 15 October 2018.
  5. ^ "Corporate Presentation Jan 2020" (PDF). www.bseindia.com. 16 January 2020. Retrieved 25 March 2020.
  6. ^ Sonavane, Ravindra N. (11 June 2018). "D-Mart parent joins Rs1 trillion market cap club". www.livemint.com. Retrieved 11 June 2018.
  7. ^ "Annual Report 2018-19" (PDF). www.dmartindia.com. 23 July 2019. Retrieved 25 March 2020.
  8. ^ "D-Mart: Will today's winner Radhakishan Damani of D-Mart face these four challenges of tomorrow?". The Economic Times. Economictimes.indiatimes.com. 23 March 2017. Retrieved 19 July 2018.
  9. ^ "Avenue Supermart Reported Its Q1FY23 Update | Latest Business News". TimesNow. Retrieved 10 July 2022.
  10. ^ Control, Money. "Avenue Supermart Q2 Revenue".
  11. ^ "Avenue Supermarts Directors Report | Avenue Supermarts Director Details". The Economic Times. Retrieved 15 May 2022.

External links


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