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Avenue Supermarts Limited is a leading retail company in India, operating under the popular DMart brand name. DMart is a chain of supermarkets that offers a wide range of products, including food, non-food, fast-moving consumer goods (FMCG), and general merchandise, as well as apparel for men, women, and children. The company’s stores are stocked with a variety of products, including home utility items such as food, toiletries, beauty products, kitchenware, bed and bath linens, home appliances, and more.

DMart’s product categories include bed and bath, dairy and frozen, fruits and vegetables, crockery, toys and games, kids’ apparel, ladies’ garments, men’s apparel, home and personal care, daily essentials, grocery, and staples. With over 365 stores across the country, DMart has a significant presence in Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, and Chhattisgarh.

As a result of its extensive network, DMart is well-positioned to cater to the diverse needs of its customers, offering a one-stop shopping experience that is convenient, efficient, and cost-effective. The company’s focus on stocking a wide range of products under various categories enables customers to find everything they need under one roof, making it an attractive option for busy consumers looking to save time and effort.

Avenue Supermarts Limited’s commitment to operating a streamlined and efficient supply chain, combined with its dedication to providing high-quality products and services, has contributed to its success in the retail industry. The company’s growth and expansion plans are likely to continue to shape the Indian retail landscape, as it seeks to capitalize on the growing demand for organized retail and FMCG products. Overall, DMart’s presence in the Indian retail market is set to increase, as it continues to prioritize customer convenience, quality, and value.

According to Goodreturns, D-Mart, a Indian multi-format retailer, has announced the appointment of Anshul Asawa as the CEO-designate of the company. Currently, Asawa is serving as the Chief Customer Office of Avenue Supermarts Limited, which owns and operates the D-Mart stores. Prior to this, he was heading the Strategy, Real Estate and Expansion teams for D-Mart.

On the other hand, the existing CEO Neville Noronha will be retiring in January 2026 and Anshul Asawa will take over his position as the Chief Executive Officer (CEO). Neville Noronha has been serving as the CEO of Avenue Supermarts Limited since November 2019. During his tenure, D-Mart has consistently achieved significant business milestones, with notable expansion plans being implemented by the company. With Asawa at the helm, D-Mart expects to accelerate its growth in the Indian market while continuing its vision to establish a network of multi-format retail formats, catering to customers’ diversified requirements. The board of Directors will work together with Noronha and Asawa during a period of one-year overlap from 1 February 2023, ensuring seamless leadership transition for D-Mart’s employees, shareholders and customers.

Avenue Supermarts, the parent company of DMart, a popular supermarket chain in India, is set to announce its Q3 results this week. The company is led by billionaire Radhakishan Damani, who has been a key figure in the Indian retail industry. As of September 2022, Avenue Supermarts operates over 300 stores across India, with plans to expand to 500 stores by the end of 2025.

The company’s Q3 results will provide insights into its performance during the quarter, including revenue growth, operating profit, and financial performance. Investors are keenly awaited the results, which will be announced on [date]. In the previous financial year, Avenue Supermarts reported a net profit of approximately 10.6 billion Indian rupees (approximately $145 million USD).

Analysts expect the company to report a strong performance, driven by its strong brand presence, loyal customer base, and efficient supply chain management. The company’s supermarket business has been a leader in the Indian market, offering a wide range of products, including fresh produce, packaged goods, and household essentials. The Q3 results will be closely monitored by investors, who will be looking for signs of growth and profitability.

Avenue Supermarts, the parent company of popular Indian retail chain DMart, has announced the departure of its CEO Neville Noronha after a 20-year tenure. Noronha, who co-founded the company in 2002, has decided to step down from his role, paving the way for Unilever’s Anshul Asawa to take over as the new CEO. Asawa, a seasoned executive with over 15 years of experience in the FMCG industry, will assume his new role from April 1, 2023. Noronha, who has been instrumental in shaping DMart’s growth and expansion, will continue to serve as a non-executive director on the company’s board. During his tenure, Noronha has overseen the company’s rapid expansion, transforming it into one of India’s largest retail chains with over 240 stores across the country. The transition is expected to be smooth, with Asawa having already been involved with DMart as a member of the company’s advisory board.

Avenue Supermarts, the parent company of DMart, has announced that its CEO and Managing Director, Neville Noronha, will step down after a 20-year tenure. Noronha has decided not to renew his role as CEO and MD, and his term will conclude in January 2026. Unilever’s Anshul Asawa has been appointed as the CEO Designate to take over the reins. This leadership transition is significant for DMart, one of India’s largest retail chains. The company has been a major player in the Indian retail market, and Noronha’s departure marks the end of an era. Asawa, who has experience working with Unilever, will bring new perspectives and expertise to the company. The news is significant for investors, business professionals, and anyone interested in the retail industry. This development is part of the company’s efforts to adapt to changing market conditions and ensure its continued growth and success.

Neville Noronha, the CEO of Avenue Supermarts (DMart) for over two decades, will step down from his position on January 1, 2026. He will be succeeded by Anshul Asawa, who is currently the General Manager of Unilever’s Greater Asia region. Asawa has been appointed as the CEO designate and will take over on February 1, 2026. Noronha joined DMart in 2004 and has led the company’s growth from 5 stores to over 380 stores, with an annual turnover of over Rs 50,000 crore. During his tenure, he has implemented various organizational capability programs and has been instrumental in the company’s success. Asawa has a strong background in sales and marketing, having held senior leadership roles at Unilever in India and globally. He has experience in leading channel transformation and customer agendas, and has driven accelerated growth in new channels through new portfolio and route to market.

Avenue Supermarts, the parent company of popular retail chain DMart, has reported a 17.5% growth in its revenue for the third quarter (Q3) of FY22. According to CNBC-TV18, the company’s revenue stood at Rs 7,432 crore (approximately $964 million) during the quarter. This growth is attributed to a 14.5% increase in same-store sales and the addition of new stores. Avenue Supermarts has a total of 299 stores across India, with a presence in over 150 cities. The company’s net profit for the quarter also saw a significant increase of 24.5% year-on-year, standing at Rs 1,034 crore (approximately $132 million). This growth is driven by the company’s focus on expanding its online presence, investing in technology, and improving supply chain efficiency. Avenue Supermarts has consistently reported strong financial performance, and this quarter’s results are expected to further strengthen its position as one of the leading retail companies in India.

Avenue Supermarts, the parent company of D-Mart, has announced its Q2 results for FY 2024-25. The company has reported a significant increase in profit and revenue. Net profit for the quarter stood at ₹1,454 crore, a growth of 22.1% year-on-year (YoY). Revenue from operations also saw a substantial increase, rising by 18.5% YoY to ₹28,644 crore.

The company’s operating profit margin (OPM) expanded by 120 basis points (bps) to 7.2% during the quarter. The OPM was driven by a 240 bps expansion in gross margin and a 120 bps reduction in operating expenses as a percentage of revenue.

Radhakishan Damani, the founder and chairman of Avenue Supermarts, attributed the strong performance to the company’s focus on operational efficiency, cost control, and investments in technology. The company has also been expanding its store network, with 44 new stores added during the quarter, taking the total count to 323 stores.

The company’s management has maintained its guidance for FY 2024-25, expecting revenue growth of 15-17% and a net profit margin of 5.5-6.1%. The stock of Avenue Supermarts closed 1.4% higher on the BSE, amid a weak broader market.

Avenue Supermarts, the parent company of D-Mart retail chain, has reported a 20% increase in revenue to Rs 12,393.46 crore for the quarter ended March 31, 2022 (Q4). The company’s net profit rose by 25% to Rs 2,441.44 crore during the same period. The revenue growth was driven by a 15% increase in same-store sales (SSS) and 10% growth in store additions. The company added 43 new stores during the quarter, taking its total store count to 2,144.

D-Mart’s revenue growth was driven by strong sales growth in its food, non-food, and services segments. The company’s sales growth was also supported by its expansion into new markets and increasing penetration in existing markets. Avenue Supermarts’ operating margin expanded by 30 basis points to 7.2% due to cost optimization and improved operational efficiency.

The company’s cash and cash equivalents stood at Rs 14,345.46 crore as of March 31, 2022. Avenue Supermarts has declared a final dividend of Rs 24.50 per share for the financial year 2021-22. The company’s board has recommended a dividend payout of 50% of its standalone net profit for the financial year 2021-22.