Avenue Supermarts
India’s e-commerce sector is expected to reach US$ 53.08 billion in 2024, with an annual growth rate of 11.45% to reach US$ 91.24 billion by 2029.
Avenue Supermarts Limited is an India-based company which owns and operates DMart stores. DMart is a supermarket chain that offers customers a range of home and personal products under one roof. Each DMart store stocks home utility products including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and others. The company offers its products under various categories, such as bed and bath, dairy and frozen, fruits and vegetables, crockery, toys and games, kid’s apparel, ladies’ garments, apparel for men, home and personal care, daily essentials, grocery and staples, and DMart private label brands. DMart has a presence in over 196 locations across Maharashtra, Gujarat, Daman, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab, and Rajasthan. The company has multiple stores in cities such as Mumbai, Ahmedabad, Baroda, Bengaluru, Hyderabad, Pune, and Surat. In 2020, the company planned to expand its business to Delhi and widen its presence in the country.
- 216 stores
- 196 locations
- Total income of Rs. 23,996.10 crore (US$ 3.25 billion) in the year ended March 2021.
Avenue Supermarts
| Year | Milestone |
|---|---|
| 2024 |
In March 2024, the BoD announced of approved acquisition of 26% stake in the equity share capital of FP Ampere Energy Private Limited, a wholly owned subsidiary of Fourth Partner Energy Private Limited. Avenue Supermarts Limited revenue for FY24 stands at US$ 6.12 billion (Rs. 50,938.28 crore). DMart Q3 2024 revenue stood at Rs. 13,572 crore (US$ 1.64 billion), as compared to Rs.11,569 crore (US$ 1.39 billion) in the same period last year. |
| 2023 |
Retail tycoon Radhakishan Damani, the founder of Avenue Supermarts, has successfully acquired Health and Glow, a prominent beauty and personal care brand based in Bangalore, India. DMart Q4 revenue rises 20% YoY to US$ 1.25 billion (Rs. 10,337 crore); store count at 324. |
| 2022 |
The company's consolidated net profit stood at Rs. 686 crore (US$ 83.1 million) for Q2 FY23. Total Revenue for the quarter ended September 30, 2022 stood at Rs. 10,638 crore (US$ 1.28 billion), as compared to Rs. 7,789 crore (US$ 943 million) in the same period last year. |
| 2021 |
Total revenue for the quarter ended June 30, 2021 stood at Rs. 5,183 crore (US$ 701.07 million), as compared to Rs. 3,883 crore (US$ 525.23 million) in the same period last year. In September 2021, DMart forayed into Haryana, opening a 94,000 sq ft store in Faridabad |
| 2020 |
DMart closed its two retail stores in Mumbai and converted them into fulfilment centres to cater to its growing e-commerce business in the city. |
| 2017 |
The company opened stores in the National Capital Region, Rajasthan, and Daman |
| 2016 |
The company opened 21 stores, highest in any financial year. The store count of the company increased to 110 |
| 2015 |
The company opened stores in Madhya Pradesh and Chhattisgarh. |
| 2014 |
The store count of the company increased to 75 stores. |
| 2012 |
The company was converted from a private company to a public company and the name of the company changed to Avenue Supermarts Limited. The store count of the company crossed 50 stores. |
| 2011 |
The company opened stores in Andhra Pradesh and Karnataka. |
| 2010 |
The store count of the company crossed 25 stores. |
| 2007 |
The company opened its first store in Gujarat. |
| 2003 |
The company opened its first store in Powai, Mumbai. |
| 2001 |
The company was incorporated as Avenue Supermarts Private Limited. |
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