Page 2 - D-mart

Margin pressure, limited operations under lockdown to continue for D-Mart

Lower sales of discretionary products to weigh on profitability

Avenue Supermarts tanks 5% after update on Covid-19 lockdown impact

The company said nearly 50 per cent of its outlets were closed due to the lockdown and Covid-19 restrictions imposed by local authorities.

Pricing will not win the game in grocery e-tail, says Neville Noronha

When an individual buys a mobile or other electronic item online, they already know the brand and go there for the price

D-Mart hits new high on Goldman Sachs report

The shares of Avenue Supermarts (which runs the D-Mart retail chain) touched an all-time high of Rs 1,217 on BSE exchange before closing at Rs 1,116.8 on Tuesday, 8.5 per cent higher than Monday's close. This is a 273 per cent jump from the Initial Public Offer (IPO) price of Rs 299 in March, taking the company into the club of the 40 most valued Indian companies. At the closing price, it i valued at Rs 69,697 crore and promoter Radhakishan Damani has become the eighth richest Indian, with net worth of $9.4 billion (Rs 61,100 crore), up a notch after Tuesday's gain.The stock gained as global investment banking entity Goldman Sachs said in a report that the retailer was well placed to benefit from the ongoing tax reform, with grocery market share shifting to the organised sector."While Avenue Supermarts maintains low prices (with thin gross margins and light working capital), its CROCI (cash return in capital employed) remains better than global retail peers," says Aditya Soman, ...

Will D-Mart live up to the Street's expectations?

All near-term positives that make Avenue Supermarts an outlier in the retail sector are priced in

Graphic: D-Mart in 50 most valuable club

Becomes 46th most-valued firm on the bourse, with market capitalisation of Rs 62,062 cr

D-Mart hits record high; m-cap swells to Rs 61,731 cr

D-Mart had issued shares at Rs 299 apiece in its initial public offering (IPO) in March

D-Mart parent's profit up 48%

Company's total revenue rose 36% to Rs 3,598 crore in Q1FY18

D-Mart parent Q4 net profit up at Rs 97 crore

The company also launched its e commerce operations last quarter

D-Mart shopping rakes in huge gain for mutual funds

Investment in shares of Avenue Supermarts, which runs the D-Mart value retail chain, has proved a blockbuster for the country's equity fund managers. Interestingly, mutual funds managed to corner 30 per cent of the shares on offer in the retailer's Initial Public Offer (IPO) last month.Of the 62.5 million shares on sale, fund managers grabbed a little over 19 mn at an offer price of Rs 299. Most of the investments were made in the anchor book of the IPO. The stock is currently trading at Rs 784, a jump of a whopping 162 per cent within a month of listing.Nearly 81 equity schemes have allocated their assets to Avenue Supermarts. Schemes which could lap up more number of these shares include HDFC Prudence, HDFC Equity, HDFC Top 200, HDFC Balanced Fund, ICICI Prudential Focused Bluechip Fund, Axis Equity Fund, ICICI Prudential Midcap Fund and Reliance Growth Fund. No other listed retail stock has MF exposure as high as Avenue Supermarts. Other retail sector MF investments include Future .

D-Mart knocking on the door of Top 50 Club

Avenue Supermarts (D-Mart) touched an all-time high of Rs 806.8 a share on the BSE on Monday

D-Mart stock gains 13% on traction from large funds

Stock of Avenue Supermarts, which runs D-Mart stores, rose 13 per cent today, a consecutive gain after yesterday's 5 per cent rise. Market is abuzz that some large fund houses are lapping up the stock at a time it is short in supply.Avenue Supermarts had diluted only 10 per cent of stake in the IPO. Currently, 82 per cent in the company is with the promoters and another eight per cent is owned by pre-IPO investors. Therefore, nearly 90 per cent of the float is under one-year lock in. Also, bulk of the investors who bought in the IPO are long-term investors and the one-month anchor investor lock-in is still applicable on the stock. "There could be just Rs 2,000 crore worth shares of D-Mart that could be available for active trading. Majority of the IPO investors especially the institutional investors have entered the company from a long term perspective. Hence there is a shortage of supply. On the other hand, the demand for the stock has only increased since listing as many of the ...

D-Mart vs 'd mart' courtroom drama ahead of IPO

It was a March 7, just hours left before the D Mart initial public offering (IPO) opened for subscription in the bourses. The top executives and bankers of the mothership Avenue Supermarts were busy with the last minute errands and calls. Hundreds of miles away in the Delhi High Court, a petition came up for hearing before Judge Rajiv Sahai Endlaw. Dolphin Mart, a firm based in the capital's Okhla Industrial area, sought an injunction against the usage of the 'D MART' name. Promoted by KV Rao, a former executive of Shriram group's Usha International in 1992, Dolphin Mart deals in what it calls "Lifestyle Retail." Its 'dmart Exclusif' deals in "aspirational and life style collectibles." Rao, from a textile family, studied nuclear physics and industrial management in Indian Institute of Science, Bangalore, according to the group website. While Rao is the chairman of the company, the next generation led by son Praveen Rao have taken charge of day to day operations. Dolphin sued Avenue ..

Navil Noronha: Meet the low-profile chief executive officer at D-Mart

'We want to keep things simple,' are words often used by Noronha

Is D-Mart India's Walmart in the making? What explains its success

Radhakishan Damani's retail chain gives its customers less and makes more than its rivals

D-Mart's stellar debut: Should you hold or book profits?

The stock listed at Rs 604.40 on the BSE, 102% premium against its IPO price of Rs 299.

D-Mart hits bull's eye on debut; founder Damani leapfrogs in rich list

Rs 40,000 cr market cap on listing day is more than the combined value of the next 3 retail giants

1.8 million retail applications: How the D-Mart IPO strained the system

IPO of Avenue Supermarts has been the most successful one since halving of the listing timeline

Can D-Mart modify its ownership model?

D-Mart bucked trend in India by choosing a cluster approach for densely populated residential areas

D-Mart tops IPO charts since 2010

Investors across segments queued up for the initial public offering (IPO) of Avenue Supermarts, which operates the successful retail chain D-Mart, mainly in Maharashtra and Gujarat. The Rs 1,840-crore offering, which closed on Friday, saw 104 times more demand than shares on offer. The issue generated bids worth Rs 1.38 lakh crore -most since Coal India's IPO in 2010. The so-called qualified institutional buyer (QIB) portion of the IPO was subscribed 146 times, high-networth individual portion (HNI) segment was subscribed 281 times and retail investor portion saw seven times more demand than shares on offer. Market experts say investors were enthused by the company's financial track record, attractive valuations compared to peers and strong growth prospects. "Given the euphoria surrounding this issue, we were expecting this kind of demand. The success of the issue is a thumbs up to India's retail sector, where D-Mart is one of the best company," said Dharmesh Mehta, MD & CEO, Axis