# DMart

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Indian retail chain of hypermarkets

Avenue Supermarts Limited A DMart store in Tirupati Trade name DMart Type Public Traded as BSE: 540376 NSE: DMART ISIN INE192R01011 Industry Retail Genre Supermarket Hypermarket Founded 15 May 2002; 24 years ago (2002-05-15) Founder Radhakishan Damani Headquarters Powai, Mumbai, Maharashtra , India Number of locations 500 (Apr 2026) Area served India Key people Radhakishan Damani (Chairman) Anshul Asawa (CEO) Revenue ₹59,358 crore (US$6.2 billion) (2025) Operating income ₹4,487 crore (US$470 million) (2025) Net income ₹2,707 crore (US$280 million) (2025) Total assets ₹24,891 crore (US$2.6 billion) (2025) Total equity ₹22,230 crore (US$2.3 billion) (2025) Number of employees 13,971 permanent and 59,961 contractual (2024) Website www.dmartindia.com Footnotes Financials as of 31 March 2025[update].[1][2]

**Avenue Supermarts Limited**, [doing business as](/source/Doing_business_as) **DMart**, is an Indian [retail](/source/Retail) corporation that operates a chain of [supermarkets](/source/Supermarket) and [hypermarkets](/source/Hypermarket). The company was founded by [Radhakishan Damani](/source/Radhakishan_Damani) and is based in [Mumbai](/source/Mumbai). As of March 2026, DMart has 479 stores across 12 [states and union territories](/source/States_and_union_territories_of_India) in India.[3][4]

In March 2024, the company had a total of 13,971 permanent employees and 59,961 employees hired on contractual basis.[5]

## History

A DMart store in the suburbs of [Udupi](/source/Udupi).

Incorporated in 2000 by [Radhakishan Damani](/source/Radhakishan_Damani), DMart opened its first store in [Powai](/source/Powai), [Mumbai](/source/Mumbai), in 2002.[6][7] In its early years, the company adopted [everyday low price](/source/Everyday_low_price) strategy[7] and pursued "slow expansion", growing to 29 stores across [Maharashtra](/source/Maharashtra) and [Gujarat](/source/Gujarat) in 2010. Unlike other Indian supermarkets which typically [leased](/source/Retail_leasing) 4,000 sq ft properties, DMart operated much larger stores, ranging up to 30,000 sq ft, most of which it owned.[8][9]

In 2013, DMart reported having 65 stores across Maharashtra and Gujarat, along with one store each in [Hyderabad](/source/Hyderabad) and [Bangalore](/source/Bangalore) as it began expanding to other states. At the time, DMart became the third largest retail company by revenue, after [Reliance Retail](/source/Reliance_Retail) and [Future Group](/source/Future_Group).[10]

In October 2016, DMart had 112 stores, having expanded to [Telangana](/source/Telangana), [Andhra Pradesh](/source/Andhra_Pradesh), [Karnataka](/source/Karnataka), [Madhya Pradesh](/source/Madhya_Pradesh) and [Chhattisgarh](/source/Chhattisgarh).[11][12] In December 2016, the company started its [e-commerce](/source/E-commerce) venture called DMart Ready, allowing users to order groceries and household products online.[13][14]

The company launched its [initial public offering](/source/Initial_public_offering) (IPO) in March 2017 and got listed on the [National Stock Exchange](/source/National_Stock_Exchange_of_India) and [Bombay Stock Exchange](/source/Bombay_Stock_Exchange). On its listing date 22 March 2017, it became the 65th most valuable Indian firm.[15] By 2018, it entered [Tamil Nadu](/source/Tamil_Nadu), [Rajasthan](/source/Rajasthan), [Punjab](/source/Punjab%2C_India), [Delhi NCR](/source/Delhi_NCR) and [Daman](/source/Daman_district%2C_India).[16]

In 2021, *[The Ken](/source/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.[17] In 2022, DMart surpassed 300 stores, with three-fourths located in its [cluster](/source/Business_cluster)-states of Maharashtra, Gujarat, Telangana, Andhra Pradesh and Karnataka.[18][16]. In Apr 2026,D-Mart touched 500 stores all over India.[19]

## See also

- [List of hypermarkets](/source/List_of_hypermarkets)

Wikimedia Commons has media related to [DMart](https://commons.wikimedia.org/wiki/Category:DMart).

## References

1. **[^](#cite_ref-1)** ["Press Release on financial results of the Company for the quarter and year ended 31st March, 2025"](https://api.dmartindia.com/corporate/content/file/v1/2/TDI1kRsO5MBfKRlbTLg2EVNq1746272142/Press%20release%20dated%203rd%20May,%202025.pdf) (PDF). Avenue Supermarts Limited. Retrieved 3 May 2025.

1. **[^](#cite_ref-2)** ["Audited consolidated financial results for the quarter and year ended 31st March, 2025"](https://api.dmartindia.com/corporate/content/file/v1/2/s66CCzjOgkyssmkrawWgK7PZ1746270713/Outcome%20of%20Board%20Meeting%20held%20on%203rd%20May,%202025.pdf) (PDF). Avenue Supermarts Limited. Retrieved 3 May 2025.

1. **[^](#cite_ref-fy25_3-0)** ["Avenue Supermarts Adds Eight New DMart Stores, Reaches 461 Outlets Nationwide"](https://scanx.trade/stock-market-news/stocks/dmart-expands-footprint-with-new-store-opening-in-karnataka-total-store-count-reaches-479/34346785). Avenue Supermarts Limited. Retrieved 29 March 2026.

1. **[^](#cite_ref-4)** ["Avenue Supermarts Adds Eight New DMart Stores Nationwide"](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). The Globe and Mail. Retrieved 10 March 2026.

1. **[^](#cite_ref-fy24_5-0)** ["2023-24 Annual Report"](https://www.bseindia.com/xml-data/corpfiling/AttachLive/14f569a2-0850-4e73-aa38-69494b1142cb.pdf) (PDF). *BSE*. Avenue Supermarts Limited. Retrieved 27 July 2024.

1. **[^](#cite_ref-6)** Dash, Sanchita (13 July 2020). ["Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help"](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). *Business Insider*. Archived from [the original](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) on 11 March 2023. Retrieved 15 September 2020.

1. ^ [***a***](#cite_ref-forbes_7-0) [***b***](#cite_ref-forbes_7-1) Samar, Srivastava (23 October 2017). ["DMart: The Juggernaut Continues To Roll For India's Value Shop"](https://www.forbesindia.com/article/boardroom/dmart-the-juggernaut-continues-to-roll-for-indias-value-shop/48457/1). *Forbes India*. Retrieved 16 January 2023.

1. **[^](#cite_ref-8)** Kamath, Raghavendra (4 June 2010). ["Damani's D Mart mulls pan-India footprint"](https://web.archive.org/web/20130211070455/http://www.business-standard.com/article/companies/damani-s-d-mart-mulls-pan-india-footprint-110060400096_1.html). *Business Standard*. Archived from [the original](http://www.business-standard.com/article/companies/damani-s-d-mart-mulls-pan-india-footprint-110060400096_1.html) on 11 February 2013. Retrieved 27 July 2024.

1. **[^](#cite_ref-9)** Agarwal, Sapna (2 March 2010). ["D-Mart on expansion drive, looks to take leased premises route"](https://www.livemint.com/Companies/opQm7BQ1OCuUdUESrn71sO/DMart-on-expansion-drive-looks-to-take-leased-premises-rou.html). *Mint*. Retrieved 27 July 2024.

1. **[^](#cite_ref-10)** Kamath, Raghavendra (10 July 2013). ["D-Mart beats the Goliaths"](https://www.business-standard.com/article/management/d-mart-beats-the-goliaths-113071000948_1.html). *Business Standard*. Retrieved 27 July 2024.

1. **[^](#cite_ref-11)** Kamath, Raghavendra (3 October 2016). ["How D-Mart battled the giants"](https://www.business-standard.com/article/specials/how-d-mart-battled-the-giants-116100301095_1.html). *Business Standard*. Retrieved 27 July 2024.

1. **[^](#cite_ref-12)** Kamath, Raghavendra (13 September 2016). ["D Mart sets sight on Rs 2,000-cr IPO"](https://www.business-standard.com/article/markets/d-mart-aims-at-rs-2-000-cr-ipo-116091201014_1.html). *Business Standard*. Retrieved 27 July 2024.

1. **[^](#cite_ref-13)** ["Avenue Supermarts to fully acquire e-commerce unit"](https://www.dnaindia.com/business/report-avenue-supermarts-to-fully-acquire-e-commerce-unit-2578598). *DNA India*. Retrieved 16 January 2023.

1. **[^](#cite_ref-14)** ["DMart Ready FY22 revenue sees 2-fold rise at Rs 1,667.21 cr; loss widens to Rs 142.07 cr"](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). *Business Today*. 26 July 2022. Retrieved 16 January 2023.

1. **[^](#cite_ref-15)** ["D-Mart: Will today's winner Radhakishan Damani of D-Mart face these four challenges of tomorrow?"](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). *The Economic Times*. 23 March 2017. Retrieved 19 July 2018.

1. ^ [***a***](#cite_ref-prab_16-0) [***b***](#cite_ref-prab_16-1) ["Avenue Supermarts (DMART IN)"](https://bsmedia.business-standard.com/_media/bs/data/market-reports/equity-brokertips/2023-03/16794559170.43092500.pdf) (PDF). *Business Standard*. Prabhudas Lilladher. Retrieved 27 July 2024.

1. **[^](#cite_ref-17)** G, Seetharaman (5 October 2021). ["DMart and the supersizing imperative"](https://the-ken.com/tradetricks/dmart-and-the-supersizing-imperative/). *The Ken*. Retrieved 8 August 2024.

1. **[^](#cite_ref-18)** ["How Radhakishan Damani continues to get it right with DMart"](https://www.businesstoday.in/latest/corporate/story/how-radhakishan-damani-continues-to-get-it-right-with-dmart-357760-2022-12-26). *Business Today*. 26 December 2022. Retrieved 27 July 2024.

1. **[^](#cite_ref-19)** "[https://insights.dsij.in/dsijarticledetail/dmart-adds-12-stores-in-a-day-shares-jump-over-8-as-500-store-count-becomes-reality-to-celebrate](https://insights.dsij.in/dsijarticledetail/dmart-adds-12-stores-in-a-day-shares-jump-over-8-as-500-store-count-becomes-reality-to-celebrate)". {{[cite news](https://en.wikipedia.org/wiki/Template:Cite_news)}}: External link in |title= ([help](https://en.wikipedia.org/wiki/Help:CS1_errors#param_has_ext_link))

## External links

- [Official website](http://www.dmartindia.com/)

- [Online shopping site](http://www.dmart.in)

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