DMart

{{short description|Indian retail chain of hypermarkets}} {{use dmy dates|date=June 2018}} {{use Indian English|date=June 2018}} {{Infobox company | name = Avenue Supermarts Limited | logo = DMart Logo.svg | logo_size = 200px | logo_alt = | logo_caption = | logo_padding = | image = Dmart tirupati (cropped).jpg | image_size = 260px | image_alt = | image_caption = A DMart store in [[Tirupati]] | trade_name = DMart | type = [[Public company|Public]] | traded_as = {{Unbulleted list|{{BSE|540376}}|{{NSE|DMART}}}} | ISIN = INE192R01011 | industry = [[Retail]] | genre = {{ubl|[[Supermarket]]|[[Hypermarket]]}} | founded = {{Start date and age|2002|05|15|df=yes}} | founder = [[Radhakishan Damani]] | hq_location = [[Powai]] | hq_location_city = [[Mumbai]], [[Maharashtra]] | hq_location_country = India | num_locations = 500 | num_locations_year = Apr 2026 | area_served = India | key_people = {{plainlist| *[[Radhakishan Damani]] ([[Chairman]]) *Anshul Asawa ([[CEO]])}} | products = | brands = | revenue = {{increase}} {{INRConvert|59358|c}} (2025) | operating_income = {{increase}} {{INRConvert|4487|c}} (2025) | net_income = {{increase}} {{INRConvert|2707|c}} (2025) | assets = {{up}} {{INRConvert|24891|c}} (2025) | equity = {{up}} {{INRConvert|22230|c}} (2025) | num_employees = 13,971 permanent and<br />59,961 contractual (2024) | parent = | divisions = | subsid = | website = {{URL|http://www.dmartindia.com/}} | footnotes = Financials {{as of|2025|03|31|lc=y|df=yes}}.<ref>{{cite web |title=Press Release on financial results of the Company for the quarter and year ended 31st March, 2025 |url=https://api.dmartindia.com/corporate/content/file/v1/2/TDI1kRsO5MBfKRlbTLg2EVNq1746272142/Press%20release%20dated%203rd%20May,%202025.pdf |publisher=Avenue Supermarts Limited |access-date=3 May 2025}}</ref><ref>{{cite web |title=Audited consolidated financial results for the quarter and year ended 31st March, 2025 |url=https://api.dmartindia.com/corporate/content/file/v1/2/s66CCzjOgkyssmkrawWgK7PZ1746270713/Outcome%20of%20Board%20Meeting%20held%20on%203rd%20May,%202025.pdf |publisher=Avenue Supermarts Limited |access-date=3 May 2025}}</ref> }}

'''Avenue Supermarts Limited''', [[doing business as]] '''DMart''', is an Indian [[retail]] corporation that operates a chain of [[supermarket]]s and [[hypermarket]]s. The company was founded by [[Radhakishan Damani]] and is based in [[Mumbai]]. As of March 2026, DMart has 479 stores across 12 [[States and union territories of India|states and union territories]] in India.<ref name="fy25">{{cite web |title=Avenue Supermarts Adds Eight New DMart Stores, Reaches 461 Outlets Nationwide |url=https://scanx.trade/stock-market-news/stocks/dmart-expands-footprint-with-new-store-opening-in-karnataka-total-store-count-reaches-479/34346785 |publisher=Avenue Supermarts Limited |access-date=29 March 2026}}</ref><ref>{{cite web |title=Avenue Supermarts Adds Eight New DMart Stores Nationwide|url=https://www.theglobeandmail.com/investing/markets/markets-news/Tipranks/647024/avenue-supermarts-adds-eight-new-dmart-stores-reaches-479-outlets-nationwide/#:~:text=The%20company%20primarily%20runs%20large,income%20consumers%20seeking%20competitive%20prices |publisher=The Globe and Mail |access-date=10 March 2026}}</ref>

In March 2024, the company had a total of 13,971 permanent employees and 59,961 employees hired on contractual basis.<ref name="fy24">{{cite web |title=2023-24 Annual Report |url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/14f569a2-0850-4e73-aa38-69494b1142cb.pdf |website=BSE |publisher=Avenue Supermarts Limited |access-date=27 July 2024}}</ref>

==History== [[File:D-Mart.jpg|thumb|A DMart store in the suburbs of [[Udupi]].]] Incorporated in 2000 by [[Radhakishan Damani]], DMart opened its first store in [[Powai]], [[Mumbai]], in 2002.<ref>{{Cite web|first1=Sanchita|last1=Dash|title=Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help|url=https://www.businessinsider.in/business/news/radhakishan-damani-has-a-string-of-challenges-ahead-of-him-and-falling-profits-at-dmart-dont-help/articleshow/76936913.cms|access-date=2020-09-15|website=Business Insider|date=13 July 2020|archive-date=11 March 2023|archive-url=https://web.archive.org/web/20230311063756/https://www.businessinsider.in/business/news/radhakishan-damani-has-a-string-of-challenges-ahead-of-him-and-falling-profits-at-dmart-dont-help/articleshow/76936913.cms|url-status=dead}}</ref><ref name="forbes">{{cite news |first1=Srivastava |last1=Samar |title=DMart: The Juggernaut Continues To Roll For India's Value Shop |url=https://www.forbesindia.com/article/boardroom/dmart-the-juggernaut-continues-to-roll-for-indias-value-shop/48457/1 |access-date=16 January 2023 |work=Forbes India |date=23 October 2017 |language=en}}</ref> In its early years, the company adopted [[everyday low price]] strategy<ref name="forbes"/> and pursued "slow expansion", growing to 29 stores across [[Maharashtra]] and [[Gujarat]] in 2010. Unlike other Indian supermarkets which typically [[Retail leasing|leased]] 4,000 sq ft properties, DMart operated much larger stores, ranging up to 30,000 sq ft, most of which it owned.<ref>{{cite news |last1=Kamath |first1=Raghavendra |title=Damani's D Mart mulls pan-India footprint |url=http://www.business-standard.com/article/companies/damani-s-d-mart-mulls-pan-india-footprint-110060400096_1.html |access-date=27 July 2024 |work=Business Standard |date=4 June 2010 |archive-url=https://web.archive.org/web/20130211070455/http://www.business-standard.com/article/companies/damani-s-d-mart-mulls-pan-india-footprint-110060400096_1.html |archive-date=11 February 2013}}</ref><ref>{{cite news |last1=Agarwal |first1=Sapna |title=D-Mart on expansion drive, looks to take leased premises route |url=https://www.livemint.com/Companies/opQm7BQ1OCuUdUESrn71sO/DMart-on-expansion-drive-looks-to-take-leased-premises-rou.html |access-date=27 July 2024 |work=Mint |date=2 March 2010}}</ref>

In 2013, DMart reported having 65 stores across Maharashtra and Gujarat, along with one store each in [[Hyderabad]] and [[Bangalore]] as it began expanding to other states. At the time, DMart became the third largest retail company by revenue, after [[Reliance Retail]] and [[Future Group]].<ref>{{cite news |last1=Kamath |first1=Raghavendra |title=D-Mart beats the Goliaths |url=https://www.business-standard.com/article/management/d-mart-beats-the-goliaths-113071000948_1.html |access-date=27 July 2024 |work=Business Standard |date=10 July 2013}}</ref>

In October 2016, DMart had 112 stores, having expanded to [[Telangana]], [[Andhra Pradesh]], [[Karnataka]], [[Madhya Pradesh]] and [[Chhattisgarh]].<ref>{{cite news |last1=Kamath |first1=Raghavendra |title=How D-Mart battled the giants |url=https://www.business-standard.com/article/specials/how-d-mart-battled-the-giants-116100301095_1.html |access-date=27 July 2024 |work=Business Standard |date=3 October 2016}}</ref><ref>{{cite news |last1=Kamath |first1=Raghavendra |title=D Mart sets sight on Rs 2,000-cr IPO |url=https://www.business-standard.com/article/markets/d-mart-aims-at-rs-2-000-cr-ipo-116091201014_1.html |access-date=27 July 2024 |work=Business Standard |date=13 September 2016}}</ref> In December 2016, the company started its [[e-commerce]] venture called DMart Ready, allowing users to order groceries and household products online.<ref>{{cite news |title=Avenue Supermarts to fully acquire e-commerce unit |url=https://www.dnaindia.com/business/report-avenue-supermarts-to-fully-acquire-e-commerce-unit-2578598 |access-date=16 January 2023 |work=DNA India |language=en}}</ref><ref>{{cite news |title=DMart Ready FY22 revenue sees 2-fold rise at Rs 1,667.21 cr; loss widens to Rs 142.07 cr |url=https://www.businesstoday.in/business/story/dmart-ready-fy22-revenue-sees-2-fold-rise-at-rs-166721-cr-loss-widens-to-rs-14207-cr-342746-2022-07-26 |access-date=16 January 2023 |work=Business Today |date=26 July 2022 |language=en}}</ref>

The company launched its [[initial public offering]] (IPO) in March 2017 and got listed on the [[National Stock Exchange of India|National Stock Exchange]] and [[Bombay Stock Exchange]]. On its listing date 22 March 2017, it became the 65th most valuable Indian firm.<ref>{{cite news|url=http://economictimes.indiatimes.com/news/company/corporate-trends/will-todays-winner-radhakishan-damani-of-d-mart-face-these-four-challenges-of-tomorrow/articleshow/57789672.cms |title=D-Mart: Will today's winner Radhakishan Damani of D-Mart face these four challenges of tomorrow? |newspaper=The Economic Times |date=2017-03-23 |access-date=2018-07-19}}</ref> By 2018, it entered [[Tamil Nadu]], [[Rajasthan]], [[Punjab, India|Punjab]], [[Delhi NCR]] and [[Daman district, India|Daman]].<ref name="prab"/>

In 2021, ''[[The Ken]]'' noted that DMart's newer stores ranged between 50,000 and 60,000 sq ft, nearly twice the average size of its existing stores.<ref>{{cite news |last1=G |first1=Seetharaman |title=DMart and the supersizing imperative |url=https://the-ken.com/tradetricks/dmart-and-the-supersizing-imperative/ |access-date=8 August 2024 |work=The Ken |date=5 October 2021}}</ref> In 2022, DMart surpassed 300 stores, with three-fourths located in its [[Business cluster|cluster]]-states of Maharashtra, Gujarat, Telangana, Andhra Pradesh and Karnataka.<ref>{{cite news |title=How Radhakishan Damani continues to get it right with DMart |url=https://www.businesstoday.in/latest/corporate/story/how-radhakishan-damani-continues-to-get-it-right-with-dmart-357760-2022-12-26 |access-date=27 July 2024 |work=Business Today |date=26 December 2022 |language=en}}</ref><ref name="prab">{{cite web |title=Avenue Supermarts (DMART IN) |url=https://bsmedia.business-standard.com/_media/bs/data/market-reports/equity-brokertips/2023-03/16794559170.43092500.pdf |website=Business Standard |publisher=Prabhudas Lilladher |access-date=27 July 2024}}</ref>. In Apr 2026,D-Mart touched 500 stores all over India.<ref>{{cite news |title=https://insights.dsij.in/dsijarticledetail/dmart-adds-12-stores-in-a-day-shares-jump-over-8-as-500-store-count-becomes-reality-to-celebrate}}</ref>

==See also== * [[List of hypermarkets]] {{commons category}}

==References== {{Reflist}}

==External links== * {{Official|http://www.dmartindia.com/}} *{{url|www.dmart.in|Online shopping site}}

[[Category:Indian companies established in 2002]] [[Category:Companies based in Mumbai]] [[Category:Hypermarkets]] [[Category:Retail companies established in 2002]] [[Category:Supermarkets of India]] [[Category:2002 establishments in Maharashtra]] [[Category:Companies listed on the National Stock Exchange of India]] [[Category:Companies listed on the Bombay Stock Exchange]] [[Category:2017 initial public offerings]]