Avenue Supermarts, the parent company of DMart, plans to open 50 new stores this financial year, with a special focus on northern India to stay ahead of rising competition. CEO & MD Neville Noronha, who will step down in January 2026, admitted the company should have had 600–650 stores by now instead of the 415 it currently operates.
This expansion push aims to compete with major rivals like Reliance Retail, which already has over 19,000 stores.
Despite the popularity of quick commerce, DMart won’t offer 30-minute deliveries. Instead, its online arm DMart Ready will focus on 3-to-6-hour deliveries, maintaining an emphasis on value rather than convenience.
Noronha said, “We’re building a unique and profitable online model,” pointing to 20–21% YoY sales growth in FY25. However, losses for the online segment rose to ₹247 crore due to expansion to 25 cities.
The company's net cash flows have risen just 16% over 2 years, much slower than in the previous 2-year period. This suggests higher investments in expanding both offline and online operations. Meanwhile, operating margins fell to 7.9% in FY25 from 8.3% in FY24 and 8.7% in FY23 due to rising wages and overhead costs.
Anshul Asawa, the CEO-designate set to take over in January 2026, echoed Noronha’s focus on scaling the business across geographies, saying, “The fundamentals are strong. It’s time to spread our capabilities further.”
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As of 10:42 AM IST on July 31, 2025, Avenue Supermarts share price (NSE: DMART) is trading at ₹4,326.00 with a market capitalisation of ₹2.82 lakh crore, a P/E ratio of 104.23, and no dividend yield. The stock has touched a 52-week high of ₹5,484.85 and a 52-week low of ₹3,340.00.
DMart is making bold moves to expand its footprint in India, especially in underpenetrated northern markets. While it continues to invest in both physical stores and its online platform, rising competition and increased costs may impact margins in the short term. However, the company remains focused on long-term growth through strategic expansion and operational efficiency.
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Published on: Jul 31, 2025, 10:53 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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