Avenue Supermarts Ltd. (currently trading at ₹4334) operates DMart, India’s second-largest organized grocery and general merchandise retail chain. Known for its value-driven model, DMart offers food, FMCG, apparel, and home utility products through a network of 426 stores across India. The company maintains a lean cost structure, high inventory turnover, and strong cash flow generation, making it one of the most efficient retailers in the country.
Avenue Supermarts Ltd. – FY21–FY25 Snapshot
Sales – ₹24,143 Cr → ₹30,850 Cr → ₹41,833 Cr → ₹50,790 Cr → ₹59,358 Cr Strong multi-year growth driven by store expansion and higher footfalls
Net Profit – ₹1,099 Cr → ₹1,650 Cr → ₹2,378 Cr → ₹2,520 Cr → ₹2,707 Cr Margin stability despite competitive pressures and input cost volatility
Operating Performance – Strong → Strong → Strong → Strong → Strong Consistent execution across offline and online formats
Dividend Yield (%) – 0.00% → 0.00% → 0.00% → 0.00% → 0.00% No payouts; reinvestment-focused strategy
Equity Capital – ₹648.73 Cr (constant) No dilution; promoter group retains majority stake
Total Debt – ₹0 Cr (debt-free) Fully equity-financed operations
Fixed Assets – ₹9,850 Cr → ₹11,200 Cr → ₹12,650 Cr → ₹13,980 Cr → ₹15,320 Cr Capex focused on store additions and DMart Ready infrastructure
Institutional Interest & Ownership Trends
Promoter holding stands at 74.65%, led by Radhakishan Damani and family. FIIs and DIIs maintain strong exposure due to DMart’s execution strength and consumption linkage. Delivery volumes reflect long-term accumulation by retail-focused funds and institutional investors.
Business Growth Verdict
Avenue Supermarts continues to scale efficiently across geographies Margins remain stable despite competitive intensity Debt-free structure enhances financial flexibility Capex supports long-term store expansion and digital enablement
Management Con Call
Management confirmed 50 new store additions in FY25, with a strategic push into northern India, especially Uttar Pradesh. DMart Ready continues to expand, now present in 25 cities, with a focus on 3–6 hour delivery windows rather than quick commerce. Private-label expansion into branded categories (biscuits, soaps, detergents) is underway to protect margins. FY26 outlook includes mid-teen revenue growth and continued store rollout, with margin pressures expected to ease as service-level investments normalize.
Final Investment Verdict
Avenue Supermarts Ltd. IS a debt-free model, strong promoter backing, and scalable offline-plus-online strategy make it suitable for accumulation by investors seeking exposure to India’s consumption and retail infrastructure. With improving store economics and digital traction, DMart remains a long-term value creator.
Avenue Supermarts Ltd. – FY21–FY25 Snapshot
Sales – ₹24,143 Cr → ₹30,850 Cr → ₹41,833 Cr → ₹50,790 Cr → ₹59,358 Cr Strong multi-year growth driven by store expansion and higher footfalls
Net Profit – ₹1,099 Cr → ₹1,650 Cr → ₹2,378 Cr → ₹2,520 Cr → ₹2,707 Cr Margin stability despite competitive pressures and input cost volatility
Operating Performance – Strong → Strong → Strong → Strong → Strong Consistent execution across offline and online formats
Dividend Yield (%) – 0.00% → 0.00% → 0.00% → 0.00% → 0.00% No payouts; reinvestment-focused strategy
Equity Capital – ₹648.73 Cr (constant) No dilution; promoter group retains majority stake
Total Debt – ₹0 Cr (debt-free) Fully equity-financed operations
Fixed Assets – ₹9,850 Cr → ₹11,200 Cr → ₹12,650 Cr → ₹13,980 Cr → ₹15,320 Cr Capex focused on store additions and DMart Ready infrastructure
Institutional Interest & Ownership Trends
Promoter holding stands at 74.65%, led by Radhakishan Damani and family. FIIs and DIIs maintain strong exposure due to DMart’s execution strength and consumption linkage. Delivery volumes reflect long-term accumulation by retail-focused funds and institutional investors.
Business Growth Verdict
Avenue Supermarts continues to scale efficiently across geographies Margins remain stable despite competitive intensity Debt-free structure enhances financial flexibility Capex supports long-term store expansion and digital enablement
Management Con Call
Management confirmed 50 new store additions in FY25, with a strategic push into northern India, especially Uttar Pradesh. DMart Ready continues to expand, now present in 25 cities, with a focus on 3–6 hour delivery windows rather than quick commerce. Private-label expansion into branded categories (biscuits, soaps, detergents) is underway to protect margins. FY26 outlook includes mid-teen revenue growth and continued store rollout, with margin pressures expected to ease as service-level investments normalize.
Final Investment Verdict
Avenue Supermarts Ltd. IS a debt-free model, strong promoter backing, and scalable offline-plus-online strategy make it suitable for accumulation by investors seeking exposure to India’s consumption and retail infrastructure. With improving store economics and digital traction, DMart remains a long-term value creator.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.