Avenue Supermarts Limited, d/b/a DMart, is an Indian retail corporation that operates a chain of supermarkets in India.[4] It was founded by Radhakishan Damani in 2002 when its first store was opened in Powai, Mumbai.[5][6] As of December 2023, it has 341 stores across 12 states and union territories in India.[7]

Avenue Supermarts Limited
DMart
Company typePublic
ISININE192R01011
IndustryRetail
GenreSupermarket
FoundedMay 15, 2002; 21 years ago (2002-05-15)
FounderRadhakishan Damani[1]
HeadquartersPowai, ,
India
Number of locations
341 (December 2023)
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
  • Fruits & Vegetables
RevenueIncrease 42,840 crore (US$5.4 billion) (FY23)[2]
Increase 3,127 crore (US$390 million) (FY23)[2]
Increase 2,379 crore (US$300 million) (FY23)[2]
Number of employees
12,108 permanent (2023)
48,793 contractual (2023)[3]
Websitewww.dmartindia.com

The company has its headquarters in Mumbai.[8] As of March 2023, DMart had a total of 12,108 permanent employees and 48,793 employees hired on contractual basis.[3]

History edit

 
A DMart store in the suburbs of Udupi.

In December 2016, the company started its e-commerce venture called DMart Ready, allowing users to order groceries and household products online.[9][10]

The company launched its initial public offering (IPO) in March 2017 and got listed on the National Stock Exchange and Bombay Stock Exchange. On its listing date 22 March 2017, it became the 65th most valuable Indian firm.[11]

Subsidiaries edit

  • 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[12]

See also edit

References edit

  1. ^ "Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help".
  2. ^ a b c "DMart Q4 Results: Net profit rises 8% to Rs 460 crore, revenue up 21%". Moneycontrol. 13 May 2023. Retrieved 29 May 2023.
  3. ^ a b "Annual Report 2022-23" (PDF). DMart. Avenue Supermarts Limited.
  4. ^ Sonavane, Ravindra N. (11 June 2018). "D-Mart parent joins Rs1 trillion market cap club". www.livemint.com. Retrieved 11 June 2018.
  5. ^ "DMart: The Juggernaut Continues To Roll For India's Value Shop". Forbes India. Retrieved 16 January 2023.
  6. ^ "Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help". Business Insider. Retrieved 15 September 2020.
  7. ^ Prasad, Nikita (13 January 2024). "DMart Q3 Results: Avenue Supermarts net profit rises 17% YoY to ₹691 crore". mint. Retrieved 24 February 2024.
  8. ^ "Corporate Presentation Jan 2020" (PDF). www.bseindia.com. 16 January 2020. Retrieved 25 March 2020.
  9. ^ "Avenue Supermarts to fully acquire e-commerce unit". DNA India. Retrieved 16 January 2023.
  10. ^ "DMart Ready FY22 revenue sees 2-fold rise at Rs 1,667.21 cr; loss widens to Rs 142.07 cr". Business Today. 26 July 2022. Retrieved 16 January 2023.
  11. ^ "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.
  12. ^ "Avenue Supermarts Directors Report | Avenue Supermarts Director Details". The Economic Times. Retrieved 15 May 2022.

External links edit