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January 12, 2025: In a significant shake-up, Avenue Supermarts’ long-serving CEO Neville Noronha exits after two decades at the helm of DMart, paving the way for Unilever’s Anshul Asawa to take the reins as the new chief executive.

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....

India’s leading retail chain Dame’s Q2 FY24-25 performance sees significant gains in profits and revenue, driven by the strong performance of DMart, the flagship business of billionaire Radhakishan Damani’s Avenue Supermarts.

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...