The owner of hypermarkets series D-Mart, Avenue Supermarts, has joined the list of the top 15 most reputed companies by market capitalization. Its m-cap hit the Rs 3 trillion mark on Monday when its shares hit a new one record high of 4,800 before settling at Rs 4,716. The stock has risen over 70% in 2021.
On October 11, Avenue Supermarts rallied 7.06% to end at a record closing high of Rs 4,719.60, with a market capitalization of Rs 3,05,710.79 crore. It is now the 15th most valued company by market cap, following Asian Paints, HCL Technologies, Wipro, and Kotak Mahindra Bank, Bharti Airtel, SBI, Bajaj Finance, ICICI Bank, HDFC, HUL, Infosys and HDFC Bank.
In December 2020 quarter, it had a total of Rs 7542 crore revenue. Out of this total revenue, the company received 52% revenue from grocery and food products. DMart also raised Rs 40.78 billion in FY 2020. It has spent approximately Rs 15 billion on that funding.

Formed in 2002, DMart saw strong double-digit growth in sales and profits between FY09 and FY20. FY21 was affected due to the pandemic. DMart wealth grew 46% year-on-year in the second quarter of the financial year 2022 to Rs 7,649.64 crore from Rs 5,218.15 crore a year ago with recovery at 90% of pre covid.
“High inflationary trends allows value retailers like D’Mart to offer increased value to customers and gain share from General trade, which is convenience-oriented. We expect inflation will enable average bill value to remain elevated vis à vis pre covid times with bill cuts normalizing as restrictions ease providing strong growth potential in the medium term,” stated brokerage Prabhudas Lilladher in a note.
In August 2021, Radhakishan S Damani, the promoter of the DMart supermarket chain, also listed the top 100 global billionaires list. Damani is now ranked 98th on the Bloomberg Billionaires Index with $24.68 as his net worth.
Earlier this year, DMart surpassed the Rs 2 Trillion market valuation cap. Damani started Avenue Supermarts, the parent company of DMart, in the year 2020. He is also a well-known person in the stock trading business. DMart is giving a tough competition to Reliance Retails. Damani is the second richest after Mukesh Ambani.
D-Mart always wanted to create its image amongst the people, of a discount store that offers most products from all major brands. A store that provides value for money!
D-mart stores are operational in high traffic areas and across three formats including – Hypermarkets, which are spread across 30,000-35,000 sqft, Express format, that is covered over 7,000-10,000 sqft, and lastly, the Super Centers, that are set up at over 1 lakh sqft.