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RARE PHOTOS: Dmart | Vintage Vibes

A French giant heads back to India after 12 years with bigger bets

Carrefour is back in India, but it is not rebuilding the hypermarket business it abandoned in 2014. This time, the French retailer is betting on smaller stores, local products, private labels and eventually quick commerce—taking on Reliance, DMart, Blinkit and others with profitability, rather than scale alone, at the centre…

The Economic Times

Sugar shortage bites: Retailers cap purchases, prices surge 29% ahead of Raksha Bandhan

Major retailers are limiting sugar purchases to three kilograms per customer. Quick commerce platforms also restrict sugar sales to a few packs. This comes as sugar supplies tighten before the Raksha Bandhan festival. Government-approved raw sugar imports aim to ease the tight stock situation. Prices have risen significantly and are…

The Economic Times

Dmart owner eyes debt market comeback after 7-year hiatus, bankers say

Avenue Supermarts is preparing to venture into the corporate debt market shortly. The retailer intends to secure around ten billion rupees via bonds with a maximum maturity of three years. Notably, the company last issued bonds back in October 2019. There is significant interest from mutual funds in these investment…

The Economic Times

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DMart shares fall 4% after Q1 results. What are Motilal Oswal, other brokerages saying?

DMart shares fell on Monday despite reporting a healthy June-quarter performance. The company posted an 11.3% year-on-year rise in consolidated net profit to Rs 860.6 crore, while revenue grew 14.9% to Rs 18,794 crore. EBITDA increased 15.4% to Rs 1,499 crore, with EBITDA margin improving marginally to 8% from 7.9%…

The Economic Times

Stocks in news: DMart, HCL Tech, ICICI Pru AMC, Dr Reddy’s, NTPC, IndiGo

Markets saw a strong rebound on Friday, driven by global cues and IT earnings. HCL Tech and ICICI Pru AMC will announce their first quarter results today. DMart reported an 11.3% rise in net profit, while Tata Motors launched a new edition. Dr Reddy's faces supply issues, and IndiGo received…

The Economic Times

Dmart recasts strategy as rapid delivery competition intensifies

DMart has scaled back its e-commerce footprint, exiting underperforming cities to focus on metros as competition intensifies in India’s rapid delivery space. Despite rising pressure from Amazon, Flipkart, Zepto and Swiggy, the retailer is sticking to its low-cost model and non-10-minute delivery approach amid muted earnings performance.

The Economic Times

Avenue Supermarts shares tumble 5% after posting Q1 business update

Avenue Supermarts, operator of DMart, saw its shares dip 5% despite reporting a 15.1% revenue increase to Rs 18,343.5 crore for the June quarter. The company added three stores, bringing its total to 503. A board meeting is scheduled to discuss raising funds via debt securities. Earlier, DMart reported a…

The Economic Times

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