d mart

Pedestrian Safety, Curbing Sidewalk Encroachments Among Aims

Emkay Global initiated coverage of Avenue Supermart with a sell rating, citing its high valuation. Morgan Stanley resumed coverage of UPL with an equal weight rating, seeing potential in global crop chemical volume revival. HSBC initiated coverage of Acme Solar with a buy rating, highlighting its rapid growth and long-term earnings visibility.

Shares of Avenue Supermarts on Monday wiped out all its early gains and closed over 8 per cent lower. In morning trade, the stock jumped nearly 11 per cent after the company reported a two-fold increase in its consolidated net profit for the second quarter ended September.

The owner of hypermarkets chain D-Mart, Avenue Supermarts, has entered the list of top 15 most valued companies by market capitalisation as its m-cap hit the Rs 3 trillion mark on Monday when its shares hit a new record high of 4,800 before closing at Rs 4,716. The stock has surged over 70% in 2021.

The IPO for Avenue Supermarts, the company that operates D-Mart chain of stores, was subscribed 105 times, generating a total demand worth about Rs 1.37 lakh crore (excluding the anchor portion of Rs 561 crore).

A low profile, long-term investor Radhakishan Damani is better known on Dalal Street as Mr White-on-White (for his choice of all white attire) and The Silent Operator (for his reclusive nature). He may be media shy but his peers know him for his sharp analysis and ability to take on corporate biggies. Here’s a little more about the man who made his mark with D-Mart.

Avenue Supermarts has appointed Anshul Asawa as CEO Designate of D-Mart, succeeding Neville Noronham. Asawa is currently with Unilever and will join DMart in March 2025, taking over as MD and CEO in February 2026. Noronham's significant contributions over two decades have been acknowledged by the company.

An exchange of words between a cashier and a teenager created a false bomb scare in D-mart on Sunday leading to downing of shutters of the retail outlet near Shivranjani Crossroads in Satellite.

The 61-year-old Damani, along with his family, holds 82% in the retail chain which is now worth a little over $5 billion (Rs 33,125 crore). In addition, he holds equity stakes in VST Industries, Blue Dart, Sundaram Fastners, TV18 and 3M India, valued at $400 million (Rs 2,650 crore).

The D-Mart store at LB Nagar was sealed by the Greater Hyderabad Municipal Corporation (GHMC) on Tuesday for unregulated customer access and violation of social distancing guideline that have been issued in view of the coronavirus outbreak in the country.

Avenue Supermarts, operating the D-Mart retail chain, reported a 13.15% increase in standalone revenue from operations to Rs 17,612.62 crore for the third quarter ended December 31, 2025. The company's total store count reached 442, with revenue showing an 8.6% rise quarter-on-quarter. The board will meet on January 10, 2026, to approve financial results.

The Thane District Consumer Dispute Redressal Forum recently directed retail store D-mart to pay Rs 50,000 as compensation to a 73-year-old resident of Hiranandani Estate for deficiency in service.

A cashier working at D-Mart in RC Puram was arrested on Friday by cyber-crime police of Cyberabad for stealing debit and credit card details from customers.

The body of a 22-year-old man was found on an open space near D-Mart on Malad Link Road on Wednesday.

Only three men at the D-Mart supermarket in Nerul took a firm stand against an angry mob of 300 to protect the NRI family on Sunday evening.

Road concretization work being carried out at R F Naik Chowk in Koparkhairane, which is popularly known as D’Mart Circle, is causing problems for motorists

Avenue Supermarts Ltd, the owner of D-Mart, reported a 4.8% rise in consolidated net profit to Rs 723.54 crore for Q3 FY2025. Revenue from operations increased by 17.68% to Rs 15,972.55 crore, though PAT margin fell slightly. The company expanded online DMart Ready service and now has 387 stores.

D-Mart, operated by Avenue Supermarts Ltd, saw its net profit rise by 3.85 percent to Rs 684.85 crore in the second quarter of fiscal year 2025-26. Revenue from operations increased by 15.45 percent to Rs 16,676.30 crore. The company added eight new stores, bringing its total to 432. D-Mart also expanded its e-commerce fulfilment network in existing markets.

Mumbai, Mar 1 () Avenue Supermarts, the owner and operator of retail chain D-Mart, has set a price band of Rs 295-299 for its Rs 1,870-crore initial public offering (IPO) which will hit the market on March 8. The issue will close on March 10.

Only the ultra-rich can afford it. R K Damani, owner of mega retail chain D-Mart, has paid Rs 65 crore to convert 1.4 acres (7,634 sqm built-up area) of leasehold land into freehold. The state revenue department has charged 25% of the ready reckoner rate as premium for the conversion.