D-mart

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

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

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.

D-Mart Q1 results: Net profit rises 17.5% to Rs 774 cr, sales up 18.5%

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, on Saturday reported an increase of 17.45 per cent in consolidated net profit at Rs 773.68 crore for the June quarter, helped by improvement in sales from general merchandise and apparels. The company had posted a net profit of Rs 658.71 crore in the April-June period a year ago, according to a regulatory filing from Avenue Supermarts. Its revenue from operations was up 18.57 per cent to Rs 14,069.14 crore during the quarter under review as against Rs 11,865.44 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses in the June quarter were up 18.62 per cent to Rs 13,056.61 crore. Avenue Supermarts' total income was Rs 14,110.74 crore, up 18.54 per cent in the June quarter. Commenting on the results, Avenue Supermarts CEO & Managing Director Neville Noronha said, "Contribution from general merchandise and apparel continued to improve during the quarter and this is reflected in the ...

D-Mart's Q4 revenue from operation rises nearly 20% to Rs 12,393.46 cr

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, has reported a 19.89 per cent increase in its standalone revenue from operations to Rs 12,393.46 crore for the fourth quarter ended on March 31, 2024. The company had revenue from operations of Rs 10,337.12 crore in the January-March quarter a year ago, Avenue Supermarts said in a regulatory filing on Wednesday. "Standalone Revenue from operations for the quarter ended (QE) March 31, 2024, stood at Rs 12,393.46 crore," the company said while sharing an update at the end of the quarter. The total number of stores as of March 31, 2024, stood at 365. However, the Damani-family promoted company also added the "standalone revenue from operations for QE March 31, 2024, given above is subject to audit by the statutory auditors of the company". In the January-March quarter of FY2021-22, Avenue Supermarts' standalone revenue was Rs 8,606.09 crore. Promoted by Radhakishan Damani and his family, DMart retails basic home and

Trident Ltd Q3 results: Profit down 25% to Rs 109 crore on rise in expenses

Shares of Trident - which supplies products to department stores such as Shoppers Stop, D-Mart and Walmart - closed 2.6% lower after the results

DMart Q3 results: Net profit rises 17% to Rs 690.6 cr, revenue up 17.31%

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday, reported a 17 per cent rise in its consolidated net profit to Rs 690.41 crore for the third quarter ended December 31. The company had posted a net profit of Rs 589.64 crore in the October-December quarter a year ago, according to a regulatory filing by Avenue Supermarts. Its revenue from operations grew 17.31 per cent to Rs 13,572.47 crore during the quarter under review against Rs 11,569.05 crore in the corresponding quarter of the last fiscal. Avenue Supermarts' total expenses rose 17.31 per cent to Rs 12,656.46 crore in the third quarter of this fiscal. Its total income in the December quarter increased 17.28 per cent to Rs 13,605.39 crore. The total number of stores stood at 341 as of December 31, 2023. Meanwhile, in a separate filing, Avenue Supermarts said its board has appointed Harishchandra M Bharuka as an Independent Director of the company. Promoted by Radhakishan Damani and his family,

Avenue Supermarts soars 5% in weak market post Q2 business update

The company reported an 18.51% YoY increase in its standalone revenue from operations at Rs 12,308 crore in the September quarter

Soon, retailers may get restricted from asking for your phone numbers

The move is significant since most retailers mandatorily ask for a buyer's phone number as they generate the bill for their purchase

D-Mart's revenue up by 20.1% to Rs 10,337.12 cr in quarter ending March

The Damani family-promoted retailer had reported a revenue of Rs 8,606.09 crore in the January-March quarter last fiscal, said a regulatory filing from Avenue Supermarts

Cyber thugs create fake websites of D-Mart, Big Basket to dupe people; held

The Noida Police on Tuesday said they have arrested six members of a cyber gang which allegedly created fake websites of D-Mart, Big Basket, Big Bazaar and duped people of crores of rupees. Through these websites, the thugs offered products at discounted or cheap rates in order to lure gullible buyers, then during payment they gained information about their credit/debit cards and used the details to fraudulently withdraw money from their bank accounts, a senior official said. "On April 3, the cyber helpline team of Gautam Buddh Nagar police arrested the six members of the gang which created fraudulent websites in the name of companies like Big Bazaar, D-Mart, Big Basket and duped crores of rupees from people," Additional DCP (Central Noida) Rajeev Dixit said. The members of this gang are residents of Ghaziabad and Gautam Buddh Nagar, Dixit said, adding that the people duped by them are not only from Delhi NCR area but several other parts of the country. Those held have been identif

Top 11 listed entities in Retail and QSRs opened 12 stores a day in 2022

The report added that companies have ramped up store launches to take advantage of lower rent rates at key locations

D-Mart's Dec quarter profit up 6.7% to Rs 589.64 crore, sales rise 25.5%

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, on Saturday reported a 6.71 per cent increase in its consolidated net profit to Rs 589.64 crore for the third quarter ended on December 31, 2022. The company had posted a net profit of Rs 552.53 crore in the October-December quarter a year ago, said Avenue Supermarts in a BSE filing. Its revenue from operations was up 25.50 per cent to Rs 11,569.05 crore during the quarter under review against Rs 9,217.76 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses were at Rs 10,788.86 crore, up 27.02 per cent in the third quarter of FY2022-23 against Rs 8,493.55 crore in the corresponding quarter of the last fiscal.

D-Mart's Q2 net profit up 64.13% to Rs 685.71 crore; sales up 36.6%

D-Mart retail chain owner Avenue Supermarts on Saturday reported a 64.13 per cent rise in its consolidated net profit at Rs 685.71 crore in the July-September quarter of FY23 as the average basket values continue to be elevated. The company had posted a net profit of Rs 417.76 crore in the corresponding quarter a year ago, said Avenue Supermarts in a BSE filing. Its revenue from operations was up 36.58 per cent at Rs 10,638.33 crore during the quarter under review as against Rs 7,788.94 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses stood at Rs 9,925.95 crore, up 36.93 per cent in Q2/FY23, as against Rs 7,248.74 crore of the corresponding quarter. Avenue Supermarts CEO & Managing Director Neville Noronha said during the quarter FMCG and staples segment of the business has performed better than the general merchandise and apparel segments. However, "discretionary items in the non-FMCG segment while recovering have still not come back to ...

D-Mart's net profit jumps 64% to Rs 686 crore; sales up 37% in Q2

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported an increase of 64.13 per cent in its consolidated net profit at Rs 685.71 crore for the July-September quarter for FY23. The company had posted a net profit of Rs 417.76 crore in the corresponding quarter a year ago, said Avenue Supermarts in a BSE filing. Its revenue from operations rose 36.58 per cent to Rs 10,638.33 crore during the quarter under review as against Rs 7,788.94 crore in the same quarter last fiscal. Avenue Supermarts' total expenses stood at Rs 9,925.95 crore, up 36.93 per cent in Q2/FY23, as against Rs 7,248.74 crore in the year-ago quarter.

General merchandise and apparel growth key for DMart's margin gains

The retailer's revenues in Q2 were lower than estimates

D-Mart Q1 profit jumps six-fold to Rs 642.89 cr, sales almost double

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported over six-fold jump in its consolidated net profit to Rs 642.89 crore for the quarter ended on June 30, 2022, helped by a "very good recovery" in overall sales and a comparative low YoY base. The company had posted a net profit of Rs 95.36 crore in the April-June quarter a year ago, said Avenue Supermarts in a BSE filing. Its revenue from operations was up 93.66 per cent to Rs 10,038.07 crore during the quarter under review against Rs 5,183.12 crore in the corresponding quarter last fiscal. According to the Damani family-promoted supermarket chain, its Q1FY23 results are not comparable with the corresponding quarter of the last fiscal, which was impacted by the second wave of Covid-19. Commenting on the results, Avenue Supermarts CEO & Managing Director Neville Noronha said, "There has been a very good recovery of overall sales. However, this quarter's performance is not comparable to the same .

D-Mart Q1 reports almost two-fold rise in revenue to Rs 9,806.89 crore

This is also helped by a comparatively low base of the pandemic impacted the corresponding quarter.

DMart slips 8%, hits over 3-month low; down 12% in 3 days post Q3 results

The management indicated that it continues to monitor the current situation, wherein the trend in sales and footfall will depend on any local pandemic related restriction on trade activities.

D-Mart Q2 consolidated net profit increases twofold to Rs 417 crore

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported a twofold increase in its consolidated net profit to Rs 417.76 crore for the second quarter ended September