With experience across developed markets, Asawa has worked closely with modern retail chains to drive growth even in saturated categories
Several brokerages have revised their target prices for DMart, citing concerns about sustained margin pressure.
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Before joining Avenue Supermarts in 2004, Noronha worked as a sales executive at Hindustan Unilever
Asawa will succeed Ignatius Navil Noronha, who will complete his current term of five years as the managing director of the company on January 31, 2026
Avenue Supermarts, which owns and operates the retail chain D-Mart, has announced a top-level management reshuffle with the appointment of Unilever's Anshul Asawa as its CEO Designate. Asawa currently serves as Country Head of Unilever in Thailand and General Manager for the Home Care business unit in Greater Asia. The incumbent Managing Director and CEO Neville Noronham, whose current term is ending in January 2026 - a year from now, will not be offering his candidature for renewal of his role, according to a statement from Avenue Supermarts. "The Board of Directors honours his decision and expresses profound gratitude for his extraordinary contribution to the company. The Board has appointed Anshul Asawa as the CEO Designate, effective March 15, 2025," it said. Noronha has been associated with D-Mart for the last two decades. He joined DMart in January 2004 and has shepherded the company from its early years -- from 5 stores to its current position as one of the largest supermar
Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, on Saturday reported a 4.8 per cent rise in its consolidated net profit to Rs 723.54 crore for the third quarter ended December 2024. The company had posted a net profit of Rs 690.41 crore a year ago, according to a regulatory filing by Avenue Supermarts. Its revenue from operations rose 17.68 per cent to Rs 15,972.55 crore during the quarter under review. It was Rs 13,572.47 crore in the corresponding quarter of the last fiscal. "PAT margin stood at 4.5 per cent in Q3 FY25 as compared to 5.1 per cent in Q3 FY24," Avenue Supermarts said in its earnings statement. Its total expenses increased 18.52 per cent to Rs 15,001.64 crore. Avenue Supermarts' total income, which includes other income, was Rs 15,996.69 crore, up 17.57 per cent in the December 2024 quarter. Avenue Supermarts CEO and Managing Director Neville Noronha said, "The Q3 FY 2025 same-store revenue growth for 2 years and older stores was at 8.3 per
Its revenue for the quarter saw a 14.41 per cent rise, amounting to Rs 14,444.5 crore from Rs 12,624.37 crore Y-o-Y
Avenue Supermarts Ltd, which owns and operates retail chain DMart, has reported 17.5 per cent increase in standalone revenue from operations at Rs 15,565.23 crore for the third quarter ended December 31, 2024. The company had posted a revenue of Rs 13,247.33 crore in December quarter a year ago, Avenue Supermarts informed BSE on Thursday. The total number of stores as of December 2024 stood at 387. Revenue for the quarter is subject to limited review by the statutory auditors of the company, it said. In October-December 2022-23, standalone revenue was Rs 11,304.58 crore. Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.
Sensex hit 79,020 in intra-day trade today, falling 3.79 per cent or 3,113.12 points in four trading days from the level of 82,133 touched on Friday, December 13
An accelerated ramp-up of online grocery formats (quick commerce) in large metro cities led to a deceleration of key growth metrics for DMart
In the year 2024, every second stock among largecaps surged more than 50%, with 3 doubling investors' wealth. As we near the end of the calendar year, here are 5 potential stock winners for 2025.
As per reports, Goldman Sachs believes DMart's competitive moat is facing increasing pressure
Adani Energy and Adani Wilmar from the BSE200 index have hit their respective 52-week lows after Gautam Adani and others were charged by US prosecutors for allegedly bribing Indian officials
Stock exchanges on Wednesday announced the addition of 45 stocks to the new list of scrips eligible for trading in the F&O segment from November 29.
Many quality small- and medium-cap stocks have become appealing buys, and the medium-to-long-term outlook remains robust due to economic factors, said G Chokkalingam of Equinomics Research.
The 14-day RSI of Voda Idea, Bank of India, Dabur, YES Bank and DMart stands below 30, indicating oversold condition on the daily chart. In case of a pullback, these stocks can bounce back up to 24%.
The fall in DMart share price came after the company's September quarter results missed street expectations.
Avenue Supermarts Limited Q2 results: Revenue for the quarter saw a 14.41 per cent rise, amounting to Rs 14,444.5 crore, up from Rs 12,624.37 crore year-on-year
DMart share price fell despite the company posting a strong set of quarterly updates for Q2FY25 (July 2024 - September 2024).