Avenue Supermarts DMart , the operator of DMart retail stores, has reported a 16.7% growth in standalone sales, with revenue from operations reaching INR57,790.00 crores. The company also announced plans for accelerated store expansion, particularly focusing on North India, including entry into the Uttar Pradesh market.

Financial Performance

DMart achieved an EBITDA margin of 7.9%. The company recorded 35.30 crore bill cuts, with like-for-like growth of 8.4% for stores aged 24 months and above. The profit after tax (PAT) stood at INR2,927.00 crores, including a tax gain.

Store Expansion

The company opened 50 new stores in the last fiscal year, adding approximately 2 million square feet of retail space. DMart's management expressed a strong commitment to accelerating store expansion, with a particular focus on North India. The company sees significant potential in the region, especially in Uttar Pradesh.

Neville Noronha, the outgoing Managing Director and CEO, stated, "We believe that we have an immense potential to grow in the country across population strata. We remain very, very bullish on the offline space and also see a lot of opportunities in the online space."

Management Transition

DMart announced a leadership transition, with Anshul Asawa designated as the incoming CEO. Noronha will continue as Managing Director until January 2026, focusing on accelerating store expansion, particularly in North India.

E-commerce Performance

DMart Ready, the company's e-commerce business, grew by 21% despite transitioning from a pickup plus home delivery model to a focused home delivery approach. The company is now present in 24 cities with its online operations.

Future Outlook

DMart maintains its value retail positioning while competing with quick commerce platforms. The company emphasizes that brick-and-mortar expansion remains a key strategy to counter online competition.

Anshul Asawa, the CEO-designate, commented on the company's future direction: "There are some very clear, strong fundamentals of a value retailer that DMart has pioneered in India. These don't need to change. We'll focus on accelerating growth while maintaining our core principles around assortment, low-cost operations, and customer focus."

DMart's management expressed confidence in the company's ability to compete effectively in both offline and online channels, leveraging its strong value proposition and expanding store network.

Avenue Supermarts Limited , the parent company of DMart retail chain, has announced the opening of a new store in Hinganghat, Wardha district of Maharashtra. This strategic expansion brings the total number of DMart stores to 427, further solidifying the company's presence in the Indian retail market.

Expansion Details

The company informed the stock exchanges, BSE and NSE, about the store opening through a regulatory filing. Ashu Gupta, Company Secretary and Compliance Officer of Avenue Supermarts Limited, stated in the filing:

"This is to inform you that the Company has opened a new store at Hinganghat, Wardha (Maharashtra) today. The total number of stores as on date stands at 427."

Market Impact

The expansion news comes as Avenue Supermarts continues its growth trajectory in the competitive retail sector. DMart, known for its value-for-money proposition, has been steadily increasing its store count across various regions in India.

Investor Relations

In a separate filing on the same day, the company also disclosed details of meetings held with institutional investors and analysts. The meetings, which took place in Mumbai, included one-on-one sessions with representatives from:

• Capital Research
• UTI Mutual Fund
• SBI Pension Fund
• Nippon Mutual Fund

The company assured that no unpublished price-sensitive information was shared during these meetings, maintaining transparency with its shareholders and the market at large.

Conclusion

As Avenue Supermarts continues to expand its retail footprint, the opening of the new store in Hinganghat represents the company's ongoing commitment to growth and accessibility. This development may be of interest to investors and market watchers tracking the performance and expansion strategies of major players in India's retail sector.