DMART
Dmart is one of the largest supermarket chains in India, offering customers a broad category of products ranging from personal care to essential daily items under a single roof. The main objective of Dmart is to provide quality products at affordable pricing. The company has a geographical presence of over 234 locations across Maharashtra, Telangana, Andhra Pradesh, Karnataka, Chhatisgarh, NCR, Tamil Nadu, Punjab, and many more. Mr. Radhakishan Damani and his family established Dmart to meet the daily needs of Indian families. The supermarket chain of DMart stores is owned and operated by Avenue Supermarts Ltd. (ASL), founded by Mr. Radhakishan Damani.
D-Mart has concentrated solely on long-term profits, resulting in the company optimizing its returns through a pricing approach driven by demand with low debt and an excellent employee policy in place and transparent in its employee relations. D-Mart m-cap crosses Rs 2 trillion while taking steps to scale up Ecommerce Play After Pandemic Push.
The Board of directors hasn’t declared any dividend for the year ended on 31st March 2021. Meanwhile, as per Q4 results, DMart got a 7.40% sequential decline in the consolidated profit and stood at Rs 413.87 crore for the quarter ending March 2021, against the previous quarter at Rs 446.95 crore, and revenue fell by 1.72% to Rs 7,411.68 crore in this quarter as against Rs 7,542 crore in December quarter. PBT declined by 10.80% QoQ & stood at Rs 543.56 crore, and the gross profit margin decreased by 1.68% QoQ.
The Q4 results of Dmart were on the beam.
