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Tag: Dmart

The Secrets Behind DMart’s Low Price Strategy
BUSINESS

The Secrets Behind DMart’s Low Price Strategy

Founded in the bustling city of Mumbai in 2002 by the visionary leader and investor R K Damani, DMart has emerged as a leading supermarket chain in India. With a humble beginning of stores limited to four states during its initial 15 years, the company has now expanded exponentially to encompass an impressive network of 336 stores across 72 cities in 11 states. In this article will find out the Secrets Behind DMart's Low Price Strategy which sets apart from its competitors like Reliance retail, Spencer, Star market etc. First Lets Understand DMart's Philosophy When it comes to retail giants, DMart has made a name for itself with its low price strategy. Shoppers flock to DMart stores, eager to snag great deals on a wide range of products. But what exactly is the secret behind DMart's...
India’s Supermarket Chain D-Mart shares down nearly 10% post Q3 earnings
Market

India’s Supermarket Chain D-Mart shares down nearly 10% post Q3 earnings

Shares of Avenue Supermarts, which runs the D-Mart supermarket chain, slumped nearly 10 percent today after its December 2018 quarter earnings failed to cheer investors. On NSE, shares of the company tumbled 9.90 per cent to Rs 1,416. Avenue Supermarts Saturday posted 2.1 percent jump in its net profit to Rs 257 crore for the December 2018 quarter. The company had reported a net profit of Rs 252 crore in the corresponding quarter a year ago, it said in a BSE filing. While the gross margin impact of its now-known strategy of driving higher throughout its stores by lowering prices across categories has been built into forecasts, the disappointment this time round was led by a surprisingly sharp surge in other expenses' (45 per cent), it said. "DMart's other expenses have rare...