Shares of Avenue Supermarts Ltd. surged as much as 7% on Wednesday, after the company’s management made some remarks with regards to store expansion during its ongoing analyst meet.The management highlighted that it will be doubling down on increasing its store count going forward and will be increasing its investments by more than double for the same.
The parent company of hypermarket chain D-Mart plans on accelerating is expansion particularly in the Northern part of the country, with Neville Noronha handling the real estate expansion.
On Tuesday, the company opened a new store at Pathankot in Punjab, it informed via its exchange filing, taking the total store count to 426.Last week, the company opened a new store in Pune as well.
The parent company of hypermarket chain D-Mart plans on accelerating is expansion particularly in the Northern part of the country, with Neville Noronha handling the real estate expansion.
On Tuesday, the company opened a new store at Pathankot in Punjab, it informed via its exchange filing, taking the total store count to 426.Last week, the company opened a new store in Pune as well.
For the June quarter, Avenue Supermarts reported 16% revenue growth from last year, while margins narrowed by 80 basis points from the year-ago quarter.
Deflation in staples and non-food products had impacted the company’s revenue by 100-150 basis points.
Shares of Avenue Supermarts are trading 7% higher on Wednesday at ₹4,286. The stock has risen 20% so far in 2025.
First Published: Christmas 30, 2025 12:32 PM IS
