Avenue Supermarts Limited
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July 1, 2020
Updated on:

Avenue Supermarts Limited

Revenue:
INR 199,162.5 million (2019)
Profit:
INR 9,363.5 million (2019)
Employees:
41,310 (2019)
GICS Industry Group:
Headquarters:
Mumbai, India
Founded:
15 May 2002
Current CEO:
Ignatius Navil Noronha
Parent:
This is the ultimate parent

Description

Avenue Supermarts Limited, which trades as DMart, is a supermarket chain that offers customers a range of basic home and personal products - including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, and home appliances.

DMart was started by Radhakishan Damani in May 2002 with the launch of the first store in Powai, Mumbai, India. DMart has stores in various locations throughout India, including Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, the National Capital Region, Tamil Nadu, Punjab and Rajasthan. The company's mission is to be the lowest priced retailer in its regions of operation, and is expected to continue to open more locations - the company has expanded its geographic footprint from 89 stores in 2015 to 214 in April 2020.

Subsidiaries of Avenue Supermarts include: Avenue E-Commerce Limited, Align Retail Trade Private Limited, Nahal' Seth Jogani Developers Private Limited, Avenue Food Plaza Private Limited, and Reflect Wholesale and Retail Private Limited.

DMart trades on the National Stock Exchange (NSE) of India under the code DMART, and on the Bombay Stock Exchange (BSE) under the code 540376.

In Indian Rupee (INR)
In Indian Rupee (INR)
In Indian Rupee (INR)
No items found.

Operating Segments:

Avenue Supermarts Limited (DMart) is primarily engaged in the business of supermarkets (offline and online channels). The company's broad category product offerings are broken down further into sub-categories: groceries and staples, daily essentials, home and personal care, DMart brands, dairy and frozen, fruits and vegetables, bed & bath, luggage, footwear, crockery, toys and games, plastic containers, home appliances, kids apparel, ladies garments, and apparel for men. For the financial year end 31 March 2019, DMart generated revenue of INR 199,162.5 million.

Mergers and Acquisitions:

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