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Operates DMart, India's most profitable large-format value grocery and general merchandise retail chain, known for an owned-store, low-cost model.
Operates DMart, India's most profitable large-format value grocery and general merchandise retail chain, known for an owned-store, low-cost model.
Sells staples and general goods at everyday low prices, aiming for high sales per square foot from stores it owns rather than rents, and expands in clusters around distribution centers. Founder Radhakishan Damani and family control the company. DMart Ready, its delivery service, is a newer offshoot.
In one line: India's Costco/Walmart hybrid at the value end.
Moat: narrow (cost advantage, scale, distribution). An owned-store, everyday-low-price cluster model gives industry-leading cost efficiency versus rented-store rivals.
Headquarters: Mumbai, India · Founded: 2002 · Employees: 96,571
Size Avenue Supermarts (DMART.NS) is an India Consumer Discretionary company (Food Retail) with a market value of $23.6B, the 42nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹3,425 on 6 Nov 2026.
Performance Over six months the shares fell 21.9%, against +11.5% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 16.2% over the last twelve months (peer median +25.9%); the operating margin is 5.9% (peer median 9.2%).
Valuation It trades at 63.8× forward earnings against a peer median of 42.5× (4th most expensive of 20).
Capital Return on invested capital runs 3.1 points below its cost of capital (14.1% WACC).
Next results Next results expected around 11 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹742B | ₹688B | ₹594B | ₹508B | ₹428B |
| Revenue growth | — | +16% | +17% | +19% | — |
| Gross profit | ₹83.7B | ₹53.4B | ₹45.3B | ₹41.2B | ₹36.0B |
| EBITDA | ₹55.7B | ₹52.6B | ₹45.6B | ₹41.5B | ₹36.8B |
| Net income | ₹31.2B | ₹29.7B | ₹27.1B | ₹25.4B | ₹23.8B |
| Free cash flow | n/a | -₹6.04B | -₹8.59B | ₹2.76B | ₹4.56B |
| Capital expenditure | n/a | ₹41.1B | ₹34.2B | ₹27.3B | ₹22.1B |
| Total debt | ₹42.6B | ₹24.2B | ₹8.20B | ₹5.92B | ₹6.43B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Avenue Supermarts DMART.NS | $23.6B | -22% | +16% | 6% | 63.8× | n/a |
| Vishal Mega Mart VMM.NS | $4.67B | -25% | +18% | 9% | 43.8× | 32.3% |
| Trent TRENT.NS | $17.4B | +8% | +18% | 12% | 75.1× | 60.1% |
| V-Mart Retail VMART.NS | $636M | +14% | +18% | 6% | 38.9× | 36.5% |
| Eternal ETERNAL.NS | $37.1B | +41% | +144% | 0% | 313.3× | n/a |
| Swiggy SWIGGY.NS | $5.61B | -32% | +42% | -15% | n/a | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DMART.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.8% | +9.8% | 2nd lowest of 21 |
| 6-month return | -21.9% | +11.5% | 2nd lowest of 21 |
| Distance from 52-week high | -26.2% | -9.0% | 4th lowest of 21 |
| Revenue growth (TTM) | +16.2% | +25.9% | 8th lowest of 20 |
| Operating margin | 5.9% | 9.2% | 5th lowest of 21 |
| Forward P/E | 63.8× | 42.5× | 4th most expensive of 20 |
| ROIC minus cost of capital | -3.1 pp | +1.5 pp | 5th lowest of 21 |
| EV / EBITDA | 40.8× | 26.1× | 5th most expensive of 19 |
| Net debt / EBITDA | 0.7× | 0.3× | 10th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Avenue Supermarts DMART.NS | India | $23.6B | -22% | +16% | 6% | 63.8× | n/a | n/a |
| TVS Motor TVSMOTOR.NS | India | $22.6B | +21% | +34% | 12% | 42.5× | n/a | n/a |
| Eicher Motors EICHERMOT.NS | India | $22.3B | +5% | +28% | 21% | 33.0× | 36.0% | +21.8% |
| Hyundai Motor India HYUNDAI.NS | India | $18.3B | +16% | +8% | 7% | 33.0× | 26.6% | +11.8% |
| Samvardhana Motherson International MOTHERSON.NS | India | $17.9B | +22% | +14% | 6% | 30.2× | 30.9% | +17.0% |
| Bajaj Auto BAJAJ-AUTO.NS | India | $31.7B | +3% | +48% | 19% | 24.0× | 27.3% | +17.4% |
| Trent TRENT.NS | India | $17.4B | +8% | +18% | 12% | 75.1× | 60.1% | +50.6% |
| Tata Motors TMCV.NS | India | $16.6B | -2% | n/a | 9% | 20.7× | 17.8% | n/a |
| Bosch BOSCHLTD.NS | India | $15.8B | +34% | +14% | 12% | 49.7× | 46.8% | +15.7% |
| Adani Enterprises ADANIENT.NS | India | $39.3B | +9% | +37% | 8% | 50.6× | n/a | n/a |
| Indian Hotels INDHOTEL.NS | India | $13.4B | +33% | +15% | 26% | 55.6× | 42.0% | +43.8% |
| Maruti Suzuki India MARUTI.NS | India | $42.3B | -7% | +30% | 7% | 30.1× | 27.7% | +21.1% |
| Mahindra & Mahindra M&M.NS | India | $43.1B | -2% | +26% | 15% | 24.0× | 13.6% | +21.5% |
| LG Electronics India LGEINDIA.NS | India | $12.6B | +14% | +1% | 9% | 52.1× | 36.6% | +7.3% |
| Cummins India CUMMINSIND.NS | India | $11.9B | -25% | +15% | 19% | 43.5× | 39.5% | +22.7% |
| Titan TITAN.NS | India | $46.9B | +16% | +45% | 9% | 68.6× | n/a | n/a |
| Hero Motocorp HEROMOTOCO.NS | India | $11.7B | +3% | +27% | 12% | 19.1× | 14.1% | +9.2% |
| Meesho MEESHO.NS | India | $11.4B | +17% | +34% | -9% | n/a | n/a | n/a |
| Tata Motors Passenger Vehicles TMPV.NS | India | $11.4B | -19% | -22% | 0% | 10.7× | n/a | n/a |
| FSN E-Commerce Ventures NYKAA.NS | India | $10.7B | +31% | +28% | 5% | 209.2× | n/a | n/a |
| UNO Minda UNOMINDA.NS | India | $8.11B | +16% | +19% | 8% | 53.6× | 46.9% | +25.0% |