Avenue Supermarts Ltd, which operates the D-Mart retail chain stores, has raised Rs 100 crore in short-term debt through the issuance of commercial paper. The commercial paper, which has been issued on Monday and will mature after 91 days on December 29, 2025, bears a coupon rate of 6 per cent. The said commercial paper (CP) is proposed to be listed on the BSE, said a regulatory filing by the company. The CP has a Credit Rating of ICRA A1+', it added. In a separate filing, Avenue Supermarts informed that it has opened a new store in New Delhi at Epicah Mall & Business Centre, Moti Nagar on Tuesday. With this, the total number of D-Mart stores "as on date stands at 431", it added. Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across markets, which include Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.
DMart operator plans faster store rollout with focus on north India and Tier-II cities, eyes 20% expansion and long-term potential of up to 1,900 outlets
Nuvama maintained a 'Hold' rating on DMart, and revised its target price to ₹4,086 from ₹4,273, citing sustained margin pressure.
Sequentially, net profit rose 40.2 per cent from ₹550.90 crore recorded in the previous quarter
Avenue Supermarts posted flat net profit of Rs 773 crore in Q1FY26, while revenue grew by 16.3% to Rs 16,359.7 crore, driven by a 7.1% growth in older DMart stores
DMart's Q1FY26 pre-quarter update reveals slower-than-expected revenue growth and margin compression. Competitive pressures, particularly from quick commerce players, could weigh on future growth.
Stocks to Watch Today, Thursday, July 3, 2025: PNB, Indian Bank, PVR, Tata Power, Motilal Oswal, Hindustan Zinc, Escorts Kubota, Voltas, and Max Financials are some of the top stocks to watch today
Stocks to Buy Today, June 19, 2025: Ruchit Jain of Motilal Oswal recommends buying shares of DMart, KPIT Technologies, and AU Small Finance Bank
Stocks to buy today, June 19, 2025: Maruti Suzuki, Avenue Supermarts, and Bandhan Bank shares are seeing buying interest near support levels. Check out trading strategies for these stocks
Avenue Supermarts (DMart) share price gained 3.5 per cent in morning deals and the stock touched an intraday high at ₹4,203.55 per share; learn more here
DMart's stock slips after weak Q4 margin performance and cautious outlook as analysts flag rising cost pressures and competitive intensity in the FMCG segment
The company recorded a 16.8 per cent increase in its total revenue to Rs 14,872 crore
Avenue Supermarts' stock fell as much as 5.09 per cent during the day to ₹3,946 per share, the biggest intraday loss since January 13 this year
However, in past six months, DMart has underperformed the market by falling 25 per cent, as against 11 per cent decline in the BSE Sensex.
The uptick in Avenue Supermarts' share price came on the back of the news that the company has opened 4 new stores, bringing the total number of stores to 396 as of today
Biocon: The company's subsidiary, Biocon Pharma, has received USFDA approvals for Lenalidomide capsules and Dasatinib tablets, and tentative approval for Rivaroxaban tablets
With experience across developed markets, Asawa has worked closely with modern retail chains to drive growth even in saturated categories
Several brokerages have revised their target prices for DMart, citing concerns about sustained margin pressure.
Asawa will succeed Ignatius Navil Noronha, who will complete his current term of five years as the managing director of the company on January 31, 2026
Avenue Supermarts, which owns and operates the retail chain D-Mart, has announced a top-level management reshuffle with the appointment of Unilever's Anshul Asawa as its CEO Designate. Asawa currently serves as Country Head of Unilever in Thailand and General Manager for the Home Care business unit in Greater Asia. The incumbent Managing Director and CEO Neville Noronham, whose current term is ending in January 2026 - a year from now, will not be offering his candidature for renewal of his role, according to a statement from Avenue Supermarts. "The Board of Directors honours his decision and expresses profound gratitude for his extraordinary contribution to the company. The Board has appointed Anshul Asawa as the CEO Designate, effective March 15, 2025," it said. Noronha has been associated with D-Mart for the last two decades. He joined DMart in January 2004 and has shepherded the company from its early years -- from 5 stores to its current position as one of the largest supermar