DMart

DMart is an Indian chain of hypermarkets and supermarkets founded by Radhakishan Damani in 2002. The first store was opened in Powai, Mumbai, Maharashtra. DMart is owned and operated by Avenue Supermarts Limited, which is headquartered in Mumbai.

History

DMart was established with the aim of providing a wide range of basic home and personal products under one roof. The first store was launched in 2002 in Powai, Mumbai. Over the years, DMart has expanded its presence across various states in India, including Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Tamil Nadu, Rajasthan, and Punjab.

Business Model

DMart follows a unique business model that focuses on offering products at competitive prices. The company achieves this by maintaining a low-cost structure, efficient supply chain management, and bulk purchasing. DMart stores are typically located in densely populated residential areas to attract a large customer base.

Product Range

DMart offers a wide range of products, including:

• Grocery and Staples
• Fruits and Vegetables
• Dairy and Frozen Foods
• Personal Care products
• Home Appliances
• Clothing and Footwear
• Kitchenware
• Home Furnishings

Expansion

As of 2023, DMart operates over 300 stores across India. The company continues to expand its footprint by opening new stores in various cities and towns. DMart has also ventured into the e-commerce space with its online platform, DMart Ready, which allows customers to shop for groceries and other products online.

Financial Performance

DMart has shown consistent growth in its financial performance since its inception. The company was listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) in 2017. DMart's stock has been well-received by investors, reflecting the company's strong market position and growth prospects.

Corporate Social Responsibility

DMart is involved in various Corporate Social Responsibility (CSR) initiatives, focusing on areas such as education, healthcare, and community development. The company aims to contribute to the overall well-being of the communities in which it operates.

See Also

• Hypermarket
• Supermarket
• Retailing in India
• List of hypermarkets