- Yesterday D’Mart crossed ₹ 1.5 trillion marks by market cap. 8.6% rise in its stock price.
- Avenue Supermart’s D’Mart is now ahead of Nestle India & Bajaj Finserve in terms of market shares.
Shares of Avenue Supermart’s D’Mart jumped nearly 16% to ₹ 2,484 in the past 10 sessions till 10th Feb. Since D’Mart’s listing, shares of the company have gone up by 280%!
Avenue Supermart’s D’Mart chopped Nestle India to become the 18th most valued company by market cap. Avenue Supermart’s D’Mart shares stood at ₹15594865 crores on BSE. ₹ 61.79 crore is more than that of Nestle India’s shares – ₹ 155886.86 valuations.
For the quarter ended 31st December, Avenue Supermarts D’Mart reported a 53.3% year-on-year rise in standalone profit at ₹ 394 crores as compared with ₹ 257 crores last year.
With this achievement, D’Mart is the most profitable grocery retailer in India offering low prices to consumers through 196 stores spread across the country.
“We expect 27% and 35% sales and EPS CAGR over FY19-22, as D’Mart benefits from its presence in the largely unorganized market and investments in increasing the store addition pace” – IIFL securities added.
If we try to look at their past performance of D’Mart, in the quarter ended in September last year, Avenue Supermarts D’Mart reported a 47.54% increase in its net income at INR 322.66 crores.
Whereas in the 3rd quarter of 2019, D’Mart reported a 53.3% year on year increase in standalone profit at ₹ 394 crores.
Isn’t it amazing to see? Avenue Supermarts D’Mart seems to be on steroids in terms of growth and investor relations.
Avenue Supermarts D’Mart – An Overview:
Avenue Supermarts D’Mart is a one-stop supermarket that aims to offer the customer a wide range of products under one roof. Each store stocks home utility products like food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and much more.
In short, Avenue Supermarts D’Mart has everything a typical house requires for smooth running and maintenance. The local chain store was started by Radhakishan Damani after realizing the growing needs of Indian families.
Avenue Supermart’s D’Mart is now a well-established brand with a presence in more than 196 locations in Maharashtra, Gujrat, Madhya Pradesh, Andhra Pradesh, Karnataka, Telangana, Chattisgarh, NCR, Tamil Nadu, Punjab & Rajasthan.
D’Mart firmly believes in ACT philosophy – Action | Care & Truth.
Summing Up:
It’s a proud moment for all of us. Our made in India retails chain of stores Avenue Supermarts D’Mart has crossed ₹ 1.5 trillion by market cap. Last year only it was predicted that D’Mart might soon hit this milestone this year.
I hope to see more coming from Avenue Supermarts D’Mart in the coming time. Kudos to D’Mart from Next Big Brand.
Additional Reads:- Brand Story of our made in India retail stores!
