Avenue Supermarts Ltd: History, Latest Updates, Milestones, Subsidiaries and Share Price

INTRODUCTION

Avenue Supermarts Limited, commonly known as DMart, is a distinguished retail corporation in India, celebrated for its extensive chain of supermarkets. Founded by the esteemed investor and entrepreneur Radhakishan Damani in 2002, DMart commenced its journey with the opening of its first store in Powai, Mumbai. Over the years, the company has witnessed substantial growth and, as of March 2024, boasts a network of 365 stores across 12 states and union territories in India.

With its headquarters in Mumbai, DMart has solidified its position in the retail sector by emphasizing cost efficiency and customer satisfaction. As of March 2023, the company employed 12,108 permanent employees and an additional 48,793 contractual employees, reflecting its commitment to robust operations and customer service. DMart's expansive reach and dedicated workforce underscore its significant impact on the Indian retail landscape.

Avenue Supermarts Limited. moves in 2024:

Avenue Supermart's Q4 has been noteworthy for several financial reasons, potentially impacting the DMart share price. Presented below are the five standout financial highlights:

Sales surged to Rs. 12,726.55 crores from Rs. 10,594.11 crores in Q4 FY23, indicating substantial year-on-year growth.
Revenue surged to Rs. 12,764.42 crore from Rs. 10,627.18 crore in Q4 FY23, underscoring robust financial performance.
Net income rose to Rs. 565.6 crore from Rs. 462 crore in Q4 FY23, reflecting improved profitability.
Basic earnings per share from continuing operations increased to Rs. 8.66 from Rs. 7.1 in Q4 FY23, potentially enhancing investor confidence and influencing the DMart share price.
Diluted earnings per share from continuing operations also improved to Rs. 8.64 from Rs. 7.06 in Q4 FY23, showing consistent financial growth and likely contributing to a favorable outlook for the DMart share price.

Evolution of Avenue Supermarts Limited: From Past to Present:

Past:

Avenue Supermarts Limited, initially founded as Avenue Supermarts Private Limited on May 12, 2000, in Mumbai, transitioned from a private to a public company in 2011. Launched by Radhakishan Damani, DMart opened its first store in Powai, Mumbai, in 2002. The company expanded rapidly, surpassing 100 stores by 2016 and achieving significant financial milestones, including crossing Rs. 7,500 crore in consolidated revenue. DMart went public on March 21, 2017, with an IPO that saw its stock price more than double on the first day of trading.

Present:

Today, Avenue Supermarts Limited, known as DMart, is a major national supermarket chain focused on value-retailing. It operates 365 stores across several Indian states, offering a wide range of products at competitive prices. Headquartered in Mumbai, DMart continues to grow, adding 50 new stores in 2021-22 and expanding its reach to over 500 pin codes in key cities. As of March 2023, DMart has 324 stores, 40 distribution centers, and 7 packing centers, solidifying its status as a leading player in the Indian retail industry.

Name	Avenue Supermarts Limited
Founded year	2002
Chairman	Radhakishan Damani
Headquarters	Powai, Mumbai, Maharashtra, India
Sector	Retail
Major subsidiaries	Avenue Food Plaza Pvt Ltd Align Retail Traders Pvt Ltd Avenue E-Commerce Ltd Nahar Seth & Jogani Developers Private Limited Reflect Wholesale And Retail Private Limited
revenue	Rs. 50,935 crore (US$6.1 billion) (FY24)
Nse code	DMART
Bse code	540376

Timeline of Avenue Supermarts Private Limited. :

Year	Fact	Description
2000	Incorporation	Avenue Supermarts Private Limited was incorporated on May 12, 2000, in Mumbai as a private limited company under the Companies Act, 1956.
2002	First Store	The first DMart store was opened in Powai, Mumbai, marking the beginning of its retail journey.
2011	Conversion to Public Company	On February 1, 2011, DMart converted from a private to a public company, changing its name to Avenue Supermarts Limited. A new certificate of incorporation was issued on May 3, 2011.
2012	50 Stores Milestone	DMart extended its footprint to encompass 50 stores spread across multiple states in India.
2014	75 Stores Milestone	The company increased its store count to 75, continuing its rapid expansion.
2015	Revenue Milestone	DMart's audited consolidated revenue crossed the Rs. 5,000 crore mark, reflecting significant growth.
2016	100 Stores and Revenue Milestone	The store count reached 110, and consolidated revenue exceeded Rs. 7,500 crore.
2017	IPO and Public Listing	DMart filed for an IPO on March 8-10, 2017, raising Rs. 1,870 crore.
2018	E-Commerce Expansion	On February 2, 2018, DMart acquired Avenue E-Commerce Limited, making it a wholly-owned subsidiary.
2019	176 Stores Milestone	As of March 31, 2019, DMart managed 176 stores spanning a retail business area of 5.9 million square feet.
2020	200 Stores Milestone	The company added 38 new stores, bringing the total to 214 stores by the end of the year.
2021	Distribution and Fulfillment Centers	By March 31, 2021, DMart had 39 distribution centers and 7 packing centers, and repurposed two stores as fulfillment centers.
2022	Record Expansion	The company added a record 50 new stores in 2021-22, expanding its service to over 500 pin codes in major cities.
2023	324 Stores Milestone	As of March 31, 2023, DMart operated 324 stores, along with 40 distribution centers and 7 packing centers.

Inside Avenue Supermarts Private Limited: Exploring Products/Brands

Avenue Supermarts Private Limited

Corporate actions: Avenue Supermarts has not declared any dividend for the current year, resulting in a 0% yield. The current Dmart share price is Rs 4,731.05.

Main News: Avenue Supermarts is in talks with Godfrey Phillips, supported by the KK Modi Group, regarding the potential sale of the retail grocery chain 24Seven.

Main News:On March 26th, Avenue Supermarts Limited inaugurated three new stores located in Karimnagar (Telangana), Narsingi, Hyderabad (Telangana), and Sachin, Surat (Gujarat).

Avenue Supermarts additionally acquired 17 commercial units in Mumbai for Rs. 88.74 crore.

Current D mart Share Price NSE/BSE :

COMPANY NAME	SECTOR	SHARE PRICE LINK
Avenue Supermarts Ltd	FMCG	D mart Share Price NSE

Achievements and Milestones:

DMart has entered the prestigious Top 20 Valuable Companies Club.
It is ranked as the 65th most valuable Indian firm, surpassing notable companies such as Britannia Industries, Marico, and Bank of Baroda.
DMart made a record-setting market debut on the National Stock Exchange.

CONCLUSION

Avenue Supermart has demonstrated remarkable growth and resilience throughout FY24, reflecting its strong market presence and operational efficiency. With a significant increase in sales, revenue, and profitability in the fourth quarter, the company continues to reinforce its position as a leading player in the Indian retail sector. The expansion of its store network and strategic acquisitions further underscore its commitment to reaching a broader consumer base. These positive developments are expected to positively influence the DMart share price, as investors recognize the company's robust performance and growth potential. As Avenue Supermart looks ahead to FY25, it is well-positioned to capitalize on its achievements, maintain its upward trajectory, and continue delivering value to its customers and shareholders, which could further boost the DMart share price.

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Frequently Asked Questions:

Where can I find real-time updates on the Avenue Supermarts limited share price?

Explore the latest Avenue Supermarts limited share price and real-time stock price updates on Enrich Money's stock analysis page here.

What has been the highest Dmart share value in the last 52 weeks?

52 Week's highest Dmart share value is Rs 4,609.00, while 52 Week's low is Rs 3,186.00

How has Avenue Supermart's revenue growth compared to the industry average over the last five years, and how has this impacted the DMart share price?

Over the past five years, Avenue Supermart's revenue has grown at an impressive yearly rate of 23.23%, significantly surpassing the industry average growth rate of 19.58%. This strong revenue growth has positively influenced the DMart share price, reflecting investor confidence in the company's financial health and growth prospects.

What is market share, and how has DMart's market share changed over the last five years, impacting the DMart share price?

Market share represents the percentage of total sales within an industry that a company secures, offering insight into its competitive position. Over the last five years, DMart's market share has surged from 36.2% to an impressive 81.15%. This substantial market share increase has bolstered the DMart share price, as investors see it as a dominant player in the market.

How has DMart's net income grown compared to the industry average over the last five years, and what has been its effect on the DMart share price?

DMart's net income has grown at a yearly rate of 24.16% over the past five years, significantly outpacing the industry average growth rate of 15.38%. This strong net income growth has been a key driver in boosting the DMart share price, indicating robust profitability and efficient operations.