What we do Avenue Supermarts Ltd operates DMart, a nationwide supermarket chain offering foods, FMCG, apparel, and general merchandise focusing on value retailing and competitive prices. |
Founded in 2,000 |
Market share Leading supermarket chain with 415 stores across 10 states and NCR, commanding strong regional presence with continuous store expansion. |
Problem solved Provides customers with quality home and personal products under one roof at everyday low prices, addressing affordable retail needs for Indian families. |
Top clients or who we serve Serves retail consumers primarily (B2C) across urban and semi-urban India, with focus on value-conscious families seeking groceries and household essentials. |
Key management Ignatius Navil Noronha (Managing Director & CEO), Ramakant Baheti (Whole-time Director & Group CFO) |
Our journey and innovations Started in 2002 from Mumbai, expanded regionally with over 415 stores by 2025; launched DMart Ready for online grocery and DMart miniMAX formats. |
Where we operate Operations across Maharashtra, Gujarat, Telangana, Karnataka, Andhra Pradesh, Madhya Pradesh, Tamil Nadu, Rajasthan, Punjab, NCR, Chhattisgarh, and Daman. |
Top products or what we offer Wide range including Foods, Non-Foods FMCG, Apparel, household goods, personal care, kitchenware, home appliances under DMart, DMart Ready, DMart miniMAX. |
Top brands DMart (flagship supermarket chain), DMart Ready (online grocery), DMart miniMAX (small format stores)—all recognized for value and regional leadership. |
Raw materials needed Assorted goods sourced regionally and internationally, including food items, FMCG products, apparel, and household goods. |
Raw materials supplier Multiple suppliers across categories, details undisclosed; emphasizes quality and cost efficiency through scale purchasing. |
Recurring vs cyclical contribution Revenue largely recurring through continuous retail sales; some seasonal and cyclical variations linked to shopping patterns. |
Our industry position One of India's top supermarket chains by store count and revenue, known for efficient cost structures and everyday low price strategy. |
Financial highlights FY 2024-25 consolidated revenue INR 59,358 crore, PAT INR 2,708 crore, demonstrating steady revenue and profit growth driven by new store openings and scale. |
Geographical revenue split Revenue primarily from 10 Indian states and NCR region, with Maharashtra and Gujarat as key contributors. |
Order book - |
Whats driving growth Store expansions, penetration into new cities, e-commerce growth via DMart Ready, strong customer loyalty, and efficient supply chain management. |
Our future plans Continued aggressive store expansion targeting 415+ outlets, broadening online services, and enhancing distribution capabilities. |
Our green promise Pursues sustainable practices via efficient supply chain, waste management, and corporate social responsibility initiatives. |
Our people and values Robust employee base with focus on ethical conduct, inclusivity, and customer-centric culture fostering value retail. |
Key challenges ahead Competition from other retail chains and e-commerce, supply chain disruptions, and adapting to evolving consumer behaviors. |
Interesting facts Founder Radhakishan Damani transitioned from stock market to retail, building one of India’s largest supermarket chains. |
Risks and strategy Mitigates market competition and operational risks through diversification, technological investment, and strong governance. |
