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 Q1 FY26, Avenue Supermarts delivered a strong retail performance with revenues up 16% to Rs. 16,359 crore (US$ 1.91 billion), and added nine new stores, taking the total to 424 by 30 June 2025.
Total Revenue for Q2 FY26 stood at Rs. 16,219 crore (US$ 1.82 billion).
Total Revenue stood at Rs. 57,790 crore (US$ 6.76 billion) for FY25.
Avenue Supermarts
| Year | Milestone |
|---|---|
| 2025 |
As of July 2025, Avenue Supermarts plans to accelerate its footprint, targeting a 20 % increase in store count by focusing on northern India and tier-II cities, with a long-term vision to expand to 1,800-1,900 outlets. On January 30, 2025, Avenue Supermarts announced the company has opened a new store at Madhavaram, Chennai (Tamil Nadu). The total number of stores as on date stands at 390. |
| 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. Total Revenue for the quarter ended 2QFY25 stood at Rs. 14,445 crore (US$ 1.73 billion). 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 Ms. 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$ 82.28 million) for Q2FY23. Total Revenue for the quarter ended 30 September 2022 stood at Rs. 10,638 crore (US$ 1.28 billion), as compared to Rs. 7,789 crore (US$ 934.27 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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