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Avenue Supermarts Ltd News

Avenue Supermarts' incoming CEO-designate Asawa prioritises people, talent

With experience across developed markets, Asawa has worked closely with modern retail chains to drive growth even in saturated categories

Avenue Supermarts' incoming CEO-designate Asawa prioritises people, talent
Updated On : 15 Jan 2025 | 7:33 PM IST

DMart bleeds 6% as analysts see margin pressure ahead, cut target after Q3

Several brokerages have revised their target prices for DMart, citing concerns about sustained margin pressure.

DMart bleeds 6% as analysts see margin pressure ahead, cut target after Q3
Updated On : 13 Jan 2025 | 9:58 AM IST

Stocks to Watch, Jan 13: HCL Tech, Avenue Supermarts, ICICI Pru, Biocon

Stocks to watch on January 13, 2025: The USFDA classifies Biocon Biologics' Johor Bahru, Malaysia site as "Voluntary Action Indicated" (VAI)

Stocks to Watch, Jan 13: HCL Tech, Avenue Supermarts, ICICI Pru, Biocon
Updated On : 13 Jan 2025 | 7:49 AM IST

Under Noronha's leadership, DMart's market capitalisation soared 500%

Before joining Avenue Supermarts in 2004, Noronha worked as a sales executive at Hindustan Unilever

Under Noronha's leadership, DMart's market capitalisation soared 500%
Updated On : 12 Jan 2025 | 8:54 PM IST

Avenue Supermarts appoints Anshul Asawa as CEO designate from March 15

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 appoints Anshul Asawa as CEO designate from March 15
Updated On : 12 Jan 2025 | 12:47 PM IST

D-Mart appoints Anshul Asawa as CEO, Neville Noronha to step down in 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

D-Mart appoints Anshul Asawa as CEO, Neville Noronha to step down in 2026
Updated On : 11 Jan 2025 | 9:40 PM IST

DMart Q3FY25 results: Avenue Supermarts net profit up 4.8% at Rs 723.4 cr

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

DMart Q3FY25 results: Avenue Supermarts net profit up 4.8% at Rs 723.4 cr
Updated On : 11 Jan 2025 | 9:19 PM IST

Why Avenue Supermarts owner of DMart shares hit 15% upper circuit in trade?

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

Why Avenue Supermarts owner of DMart shares hit 15% upper circuit in trade?
Updated On : 03 Jan 2025 | 9:41 AM IST

Avenue Supermarts' revenue increases 17.5% to Rs 15,565 crore in Q3

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.

Avenue Supermarts' revenue increases 17.5% to Rs 15,565 crore in Q3
Updated On : 02 Jan 2025 | 6:55 PM IST

Nestle, IndusInd, Bandhan, Asian Paints from BSE 500 index hit 52-week lows

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

Nestle, IndusInd, Bandhan, Asian Paints from BSE 500 index hit 52-week lows
Updated On : 19 Dec 2024 | 11:37 AM IST

DMart hits 52-week low on growth concerns, slips 35% from September high

An accelerated ramp-up of online grocery formats (quick commerce) in large metro cities led to a deceleration of key growth metrics for DMart

DMart hits 52-week low on growth concerns, slips 35% from September high
Updated On : 17 Dec 2024 | 2:52 PM IST

Zomato, Bajaj Fin: 5 largecaps that can gain over 20% in 2025; time to buy?

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.

Zomato, Bajaj Fin: 5 largecaps that can gain over 20% in 2025; time to buy?
Updated On : 16 Dec 2024 | 11:35 AM IST

DMart shares slip 3% after Goldman Sachs cuts target to Rs 3,425 per share

As per reports, Goldman Sachs believes DMart's competitive moat is facing increasing pressure

DMart shares slip 3% after Goldman Sachs cuts target to Rs 3,425 per share
Updated On : 11 Dec 2024 | 11:56 AM IST

DMart, Tata Consumer, Asian Paints, IGL from BSE200 index hit 52-week lows

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

DMart, Tata Consumer, Asian Paints, IGL from BSE200 index hit 52-week lows
Updated On : 21 Nov 2024 | 2:39 PM IST

Jio Fin, Zomato, Angel One, Paytm rally up to 7% on inclusion in F&O pool

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.

Jio Fin, Zomato, Angel One, Paytm rally up to 7% on inclusion in F&O pool
Updated On : 14 Nov 2024 | 10:54 AM IST

1 out of 6 Nifty 500 stock falls over 20%; Time to worry or cherry pick?

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.

1 out of 6 Nifty 500 stock falls over 20%; Time to worry or cherry pick?
Updated On : 29 Oct 2024 | 2:13 PM IST

Voda Idea, Dabur, YES Bank trade in oversold zone on NSE; key levels here

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%.

Voda Idea, Dabur, YES Bank trade in oversold zone on NSE; key levels here
Updated On : 15 Oct 2024 | 1:36 PM IST

DMart shares plunge 9% as it misses Q2 street estimates; brokerages mixed

The fall in DMart share price came after the company's September quarter results missed street expectations.

DMart shares plunge 9% as it misses Q2 street estimates; brokerages mixed
Updated On : 14 Oct 2024 | 10:09 AM IST

Avenue Supermarts Q2 result: Net profit up 5.7% at Rs 659 cr, Ebitda up 29%

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

Avenue Supermarts Q2 result: Net profit up 5.7% at Rs 659 cr, Ebitda up 29%
Updated On : 12 Oct 2024 | 3:29 PM IST

DMart share falls 5% despite strong Q2 business update; adds 377 stores

DMart share price fell despite the company posting a strong set of quarterly updates for Q2FY25 (July 2024 - September 2024).

DMart share falls 5% despite strong Q2 business update; adds 377 stores
Updated On : 04 Oct 2024 | 9:40 AM IST