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India Food Forum - 2023 > D-Mart

D-Mart tries online delivery as Amazon looms

October 24, 2017 |by indiafood forum | Comments Off on D-Mart tries online delivery as Amazon looms | FOOD & GROCERY | , ,

Billionaire Radhakishan Damani just entered Jeff Bezos’ turf. His supermarket chain D-Mart is running a pilot that allows customers to order online, and have everything from staples to shampoos either delivered at neighbourhood kiosks free or at their doorstep for a fee…READ MORE

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What makes DMart Wal-Mart of India?

October 4, 2017 |by indiafood forum | Comments Off on What makes DMart Wal-Mart of India? | FOOD & GROCERY | , ,

After seeing a spectacular rally of over 300 per cent, shares of Avenue Supermarts, the owner of DMart chain of superstores, have come under pressure over the past few sessions. The scrip is off 11 per cent from Rs 1,217 level hit on September 26…READ MORE

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Avenue Supermarts jumps most since listing after Goldman’s ‘buy’ rating

September 28, 2017 |by indiafood forum | Comments Off on Avenue Supermarts jumps most since listing after Goldman’s ‘buy’ rating | FOOD & GROCERY | , ,

Shares of Avenue Supermarts Ltd. rose as much as 18.3 percent, the most since its March 21 listing, to a record after Goldman Sachs initiated coverage with a ‘Buy’ on the stock. The brokerage expects the parent of supermarket chain D-Mart to get a boost from a growing share of organised retail after the Goods and Services Tax rollout…READ MORE

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Reasons that explain the stunning success of D-Mart’s model

April 24, 2017 |by indiafood forum | Comments Off on Reasons that explain the stunning success of D-Mart’s model | FOOD & GROCERY | ,

While a majority of Indian retailers, both brickand-mortar and online ones, struggle to build profitable businesses, the acutely low profile Mumbai-based DMart has given a new lease of life to the challenging sector as it debuted on the capital markets with a bumper opening…READ MORE

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Billionaire conjures up Sam Walton with $6 billion Indian chain D-Mart

March 31, 2017 |by indiafood forum | Comments Off on Billionaire conjures up Sam Walton with $6 billion Indian chain D-Mart | FOOD & GROCERY | , ,

By appealing to homemakers with cheap, reliable staples and giving them ample parking in convenient locations, Damani has not only successfully countered the threat from online retailers, but beat them on earnings…READ MORE

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Noronha, man who runs D-Mart, is worth Rs 900 crore

March 22, 2017 |by indiafood forum | Comments Off on Noronha, man who runs D-Mart, is worth Rs 900 crore | FOOD & GROCERY | , , , , , , , ,

Noronha is now worth more than the combined value of the shares that Sanjiv Mehta, MD, HUL, Y C Deveshwar, chairman, ITC, and Vivek Gambhir, MD, Godrej Consumer Products, hold in their companies…READ MORE

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D-Mart promoter, two more firms make IPO moves

September 30, 2016 |by indiafood forum | Comments Off on D-Mart promoter, two more firms make IPO moves | FOOD & GROCERY | ,

On a day when the Sensex fell nearly 500 points following news of India conducting strikes on terrorists in Pakistan Occupied Kashmir, three companies filed preliminary prospectus with the market regulator to make initial public offerings…READ MORE

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D-Mart parent Avenue Supermarts working on Rs1,200 crore IPO

July 1, 2016 |by indiafood forum | Comments Off on D-Mart parent Avenue Supermarts working on Rs1,200 crore IPO | FOOD & GROCERY | , ,

Avenue Supermarts Ltd, which owns and operates hypermarkets and supermarkets retail chain D-Mart, has started discussions with investment banks for an initial public offering (IPO), three people aware of the development said…READ MORE

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