About Avenue Supermarts Limited (DMart)

Avenue Supermarts Limited (DMart) is a national supermarket chain conceived by value investor Mr. Radhakishan Damani in 2000, built on the principles of simplicity, speed and nimbleness in execution. The Company launched its first store in 2002 in Mumbai, Maharashtra, and has since grown steadily, operating 415 stores across 10 States, 1 Union Territory and the National Capital Region (NCR) by FY 2024-25. Its model remains focused on financial fundamentals and everyday low prices for consumers.

DMart offers a wide range of products with a focus on three baskets: Foods, Non-Foods (FMCG) and General Merchandise & Apparel. Its retail footprint is supported by a supply chain network of 75 distribution centres and 10 packing centres as of March 31, 2025. The Company follows a cluster-based expansion approach, deepening penetration in existing regions before entering new ones.

Geographically, DMart’s 415 stores are spread across Maharashtra (116), Gujarat (66), Telangana (45), Andhra Pradesh (41), Karnataka (40), Tamil Nadu (26), Madhya Pradesh (24), Rajasthan (22), Punjab (19), NCR (9), Chhattisgarh (6) and Daman (1). The Group had five subsidiaries during FY 2024-25. Key milestones include the first store in 2002, steady expansion to a pan-India footprint, and 50 new store additions in FY 2024-25.

Avenue Supermarts Limited DMart’s Business Segments

• Revenue by segment/vertical: Retail Sales – 100% of total turnover.
• Domestic vs. international: The Company does not export any goods/services (Domestic – 100%; International – 0%).

Avenue Supermarts Limited Key Management

• Mr. Chandrashekhar Bhave – Chairman & Independent Director
• Mr. Ignatius Navil Noronha – Managing Director & CEO
• Mr. Ramakant Baheti – Whole-time Director & Group CFO
• Mr. Elvin Machado – Whole-time Director
• Mr. Bhaskaran N – Whole-time Director & Chief Operating Officer – West
• Mr. Anshul Asawa – CEO Designate
• Mr. Niladri Deb – Chief Financial Officer
• Mrs. Ashu Gupta – Company Secretary & Compliance Officer

Latest Updates on Avenue Supermarts Limited

• Expansion: 50 new stores were added in FY 2024-25, taking the total to 415. Retail business area reached 17.2 million sq. ft. The network included 75 distribution centres and 10 packing centres as of March 31, 2025.
• Investment: On 24th October, 2024, the Company acquired 5,71,755 equity shares representing a 26% stake in FP Ampere Energy Private Limited for a total consideration of Rs 1,99,99,990; the entity is not classified as an Associate Company.
• Leadership changes: Mr. Anshul Asawa was appointed CEO Designate w.e.f. 15th March, 2025; Mr. Amit Jain was appointed Chief Operating Officer – South w.e.f. 17th October, 2024; Mr. Parvez Vandrewala’s designation changed to Chief Operating Officer – North w.e.f. 17th October, 2024.
• Shareholder calendar: The 25th Annual General Meeting was scheduled for Tuesday, 12th August, 2025 at 12:00 noon IST through Video Conferencing/Other Audio-Visual Means.