Dmart Adds 12 Stores in a Day; Shares Jump Over 8% as 500-Store Count Becomes Reality to Celebrate
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Dmart opens 12 new stores in a single day, reaching 500 stores nationwide, as Avenue Supermarts’ shares jump over 8 per cent amid investor celebration.
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Avenue Supermarts Ltd, the operator of the Dmart retail chain, has accelerated its expansion across India by opening 12 new stores in a single day. This milestone brings the company to a total of 500 stores nationwide, sending its shares up over 8 per cent as investors celebrate the achievement.
The newly inaugurated stores are located in:
- Maharashtra: Daund (Pune), Dattawadi (Pune), Kachimet (Nagpur)
- Tamil Nadu: Tiruvottiyur (Chennai), Avadi (Chennai)
- Uttar Pradesh: Kanpur Road (Lucknow), Omaxe Connaught Place Mall (Greater Noida)
- Haryana: IMT Faridabad
- Chhattisgarh: Sarkanda (Bilaspur)
- Odisha: SGBL Square Mall (Cuttack)
- Gujarat: Zundal (Gandhinagar), Singarwa (Ahmedabad)
With this milestone, Dmart not only celebrates 500 stores across India but also marks its position as one of the leading retail chains in the country.
Avenue Supermarts Ltd, which operates the Dmart retail chain, is one of India’s leading supermarket brands focused on value retailing. The company offers a wide range of products across food, non-food (FMCG), and general merchandise and apparel categories, catering to everyday household needs.
Dmart was founded by investor Radhakishan Damani in 2000, starting with a single store in Maharashtra. Built on the mission of being the lowest-priced retailer in its areas of operation, the company has grown steadily over the years through a disciplined and cost-efficient business model.
Today, Avenue Supermarts Ltd operates 500 stores across India.
Avenue Supermarts Ltd Share Price Performance
Avenue Supermarts Ltd’s share price was trading at Rs 4,285, up Rs 328.20, marking an 8.29 per cent gain from the previous close of Rs 3,956.80. The share opened at Rs 4,075, touched an Intraday high of Rs 4,294.80, and a low of Rs 4,066.10.
Despite this strong rally, Avenue Supermarts’ shares are up 15.07 per cent year-to-date and 6.81 per cent over the past 12 months.
Disclaimer: The article is for informational purposes only and not investment advice.