DMart

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title: "DMart" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["indian-companies-established-in-2002", "companies-based-in-mumbai", "hypermarkets", "retail-companies-established-in-2002", "supermarkets-of-india", "2002-establishments-in-maharashtra", "companies-listed-on-the-national-stock-exchange-of-india", "companies-listed-on-the-bombay-stock-exchange", "2017-initial-public-offerings"] description: "Indian retail chain of hypermarkets" topic_path: "geography/india" source: "https://en.wikipedia.org/wiki/DMart" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Indian retail chain of hypermarkets ::

::data[format=table title="Infobox company"]

Field	Value
name	Avenue Supermarts Limited
logo	DMart Logo.svg
logo_size	200px
image	Dmart tirupati (cropped).jpg
image_size	260px
image_caption	A DMart store in Tirupati
trade_name	DMart
type	Public
traded_as
ISIN	INE192R01011
industry	Retail
genre
founded
founder	Radhakishan Damani
hq_location	Powai
hq_location_city	Mumbai, Maharashtra
hq_location_country	India
num_locations	415
num_locations_year	March 2025
area_served	India
key_people	{{plainlist
revenue	(2025)
operating_income	(2025)
net_income	(2025)
assets	(2025)
equity	(2025)
num_employees	13,971 permanent and
59,961 contractual (2024)
website
footnotes	Financials .
::

| name = Avenue Supermarts Limited | logo = DMart Logo.svg | logo_size = 200px | logo_alt = | logo_caption = | logo_padding = | image = Dmart tirupati (cropped).jpg | image_size = 260px | image_alt = | image_caption = A DMart store in Tirupati | trade_name = DMart | type = Public | traded_as = | ISIN = INE192R01011 | industry = Retail | genre = | founded = | founder = Radhakishan Damani | hq_location = Powai | hq_location_city = Mumbai, Maharashtra | hq_location_country = India | num_locations = 415 | num_locations_year = March 2025 | area_served = India | key_people = {{plainlist|

• Radhakishan Damani (Chairman)
• Ignatius Navil Noronha (CEO)}} | products = | brands = | revenue = (2025) | operating_income = (2025) | net_income = (2025) | assets = (2025) | equity = (2025) | num_employees = 13,971 permanent and 59,961 contractual (2024) | parent = | divisions = | subsid = | website = | footnotes = Financials .

Avenue Supermarts Limited, d/b/a DMart, is an Indian retail corporation that operates a chain of supermarkets and hypermarkets. The company was founded by Radhakishan Damani and is based in Mumbai. As of March 2025, DMart has 415 stores across 12 states and union territories in India.

In March 2024, the company had a total of 13,971 permanent employees and 59,961 employees hired on contractual basis.

History

::figure[src="https://upload.wikimedia.org/wikipedia/commons/3/36/D-Mart.jpg" caption="A DMart store in the suburbs of [[Udupi]]."] ::

Incorporated in 2000 by Radhakishan Damani, DMart opened its first store in Powai, Mumbai, in 2002. In its early years, the company adopted everyday low price strategy and pursued "slow expansion", growing to 29 stores across Maharashtra and Gujarat in 2010. Unlike other Indian supermarkets which typically leased 4,000 sq ft properties, DMart operated much larger stores, ranging up to 30,000 sq ft, most of which it owned.

In 2013, DMart reported having 65 stores across Maharashtra and Gujarat, along with one store each in Hyderabad and Bangalore as it began expanding to other states. At the time, DMart became the third largest retail company by revenue, after Reliance Retail and Future Group.

In October 2016, DMart had 112 stores, having expanded to Telangana, Andhra Pradesh, Karnataka, Madhya Pradesh and Chhattisgarh. In December 2016, the company started its e-commerce venture called DMart Ready, allowing users to order groceries and household products online.

The company launched its initial public offering (IPO) in March 2017 and got listed on the National Stock Exchange and Bombay Stock Exchange. On its listing date 22 March 2017, it became the 65th most valuable Indian firm. By 2018, it entered Tamil Nadu, Rajasthan, Punjab, Delhi NCR and Daman.

In 2021, The Ken noted that DMart's newer stores ranged between 50,000 and 60,000 sq ft, nearly twice the average size of its existing stores. In 2022, DMart surpassed 300 stores, with three-fourths located in its cluster-states of Maharashtra, Gujarat, Telangana, Andhra Pradesh and Karnataka.

References

References

1. "Press Release on financial results of the Company for the quarter and year ended 31st March, 2025". Avenue Supermarts Limited.
2. "Audited consolidated financial results for the quarter and year ended 31st March, 2025". Avenue Supermarts Limited.
3. "Investor Presentation for the year ended 31st March, 2025". Avenue Supermarts Limited.
4. "2023-24 Annual Report". Avenue Supermarts Limited.
5. (13 July 2020). "Radhakishan Damani has a string of challenges ahead of him and falling profits at DMart don't help".
6. (23 October 2017). "DMart: The Juggernaut Continues To Roll For India's Value Shop". Forbes India.
7. (4 June 2010). "Damani's D Mart mulls pan-India footprint". Business Standard.
8. (2 March 2010). "D-Mart on expansion drive, looks to take leased premises route". Mint.
9. (10 July 2013). "D-Mart beats the Goliaths". Business Standard.
10. (3 October 2016). "How D-Mart battled the giants". Business Standard.
11. (13 September 2016). "D Mart sets sight on Rs 2,000-cr IPO". Business Standard.
12. "Avenue Supermarts to fully acquire e-commerce unit". DNA India.
13. (26 July 2022). "DMart Ready FY22 revenue sees 2-fold rise at Rs 1,667.21 cr; loss widens to Rs 142.07 cr". Business Today.
14. (2017-03-23). "D-Mart: Will today's winner Radhakishan Damani of D-Mart face these four challenges of tomorrow?". The Economic Times.
15. (5 October 2021). "DMart and the supersizing imperative". The Ken.
16. (26 December 2022). "How Radhakishan Damani continues to get it right with DMart". Business Today.
17. "Avenue Supermarts (DMART IN)". Prabhudas Lilladher.

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::