
Avenue Supermarts Ltd
Fortune 500 2025
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OVERVIEW
FINANCIALS
NEWS
About
Avenue Supermarts Limited is one of India’s leading retail chains which operates the brand name DMart. Founded by Radhakishan Damani in 2000, the company distributes a varied assortment of products including groceries, personal care, home essentials and general knick-knacks at competitive prices. D Mart operates on a cost-efficient business model and is known to be the lowest priced among the various retailers in the country. The company has a strong pan-India presence with 380+ stores located across India. These stores are supported by the company’s headquarters in Mumbai, Maharashtra. Along with DMart, ASL also houses the brands D Mart Minimax, D Mart Premia, D Homes and Dutch Harbour.
Incorporation Year: 2000
Headquarters: Mumbai, Maharashtra
Top Management: Radhakishan Damani
Industry: Retail
Website: www.dmartindia.com
Featured In Fortune India Ranking
Fortune 500 India
#49(2025)
#51(2024)
#56(2023)
#61(2022)
#63(2021)
#62(2020)
#68(2019)
#93(2018)
#106(2017)
#154(2016)
#49(2025)#51(2024)#56(2023)#61(2022)#63(2021)#62(2020)#68(2019)#93(2018)#106(2017)#154(2016)
Financial Data 2024
Revenue
51,619
(INR Cr)
Net Operating Income
50,789
(INR Cr)
Assets
19,299
(INR Cr)
Profit
2,536
(INR Cr)
Net Worth
18,698
(INR Cr)
Fortune India Coverage
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Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 51619 18.8% | 43470 37.6% | 31588 28.2% | 24640 -2.5% | 25269 23.3% | 20498 33.7% | 15332 25.7% | 12202 30.8% | 9327 31.9% | 7070 37.8% | 5130 39.9% | 3668 49.4% | 2455 49.6% | 1641 45.2% | 1130 73.5% | 651 - |
| Net Operating Income (INR Cr) | 50789 18.56% | 42840 38.30% | 30976 28.30% | 24143 -2.92% | 24870 24.32% | 20005 33.07% | 15033 26.35% | 11898 29.64% | 9177 33.19% | 6891 37.49% | 5012 40.26% | 3573 50.87% | 2368 0.00% | 1582 44.45% | 1095 75.62% | 624 0.00% |
| Profit (INR Cr) | 2536 6.6% | 2379 59.4% | 1493 35.8% | 1099 -15.5% | 1301 44.2% | 903 11.9% | 806 68.4% | 479 49.5% | 320 51.3% | 212 31.2% | 161 71.9% | 94 55.4% | 60 46.1% | 41 95.0% | 21 284.2% | 6 - |
| Assets (INR Cr) | 19299 15.4% | 16729 16.7% | 14330 13.9% | 12580 10.2% | 11415 81.5% | 6290 23.1% | 5110 -4.3% | 5341 95.7% | 2729 28.8% | 2120 31.8% | 1609 21.0% | 1329 23.8% | 1074 21.6% | 883 47.0% | 601 37.7% | 436 - |
| Net Worth (INR Cr) | 18698 16.3% | 16079 17.6% | 13678 12.3% | 12184 10.0% | 11080 98.3% | 5587 19.7% | 4669 21.5% | 3842 152.7% | 1520 26.8% | 1199 25.5% | 956 21.0% | 790 15.8% | 682 0.0% | 584 39.8% | 418 44.9% | 289 0.0% |
| Employee Cost (INR Cr) | 906 21.3% | 747 21.2% | 616 14.8% | 537 17.6% | 456 28.3% | 355 25.8% | 283 46.8% | 193 29.2% | 149 11.2% | 134 53.5% | 87 27.2% | 69 51.6% | 45 -7.9% | 49 115.2% | 23 33.9% | 17 - |
| Interest Cost (INR Cr) | 58 | 67 | 54 | 42 | 69 | 47 | 60 | 122 | 91 | 72 | 56 | 43 | 26 | 19 | 13 | 6 |
| Cash & Bank Balance (INR Cr) | 638 | 1408 | 299 | 1446 | 108 | 219 | 560 | 1884 | 35 | 38 | 55 | 62 | 48 | 16 | 10 | 4 |
| Total Debt (INR Cr) | 592 | 643 | 647 | 393 | 333 | 700 | 439 | 1497 | 1192 | 904 | 641 | 526 | 381 | 299 | 183 | 148 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 4.9% | 5.5% | 4.7% | 4.5% | 5.2% | 4.4% | 5.3% | 3.9% | 3.4% | 3.0% | 3.2% | 2.6% | 2.5% | 2.5% | 1.9% | 0.9% |
| Profit As % Of Assets | 13.1% | 14.2% | 10.4% | 8.7% | 11.4% | 14.4% | 15.8% | 9.0% | 11.7% | 10.0% | 10.0% | 7.1% | 5.6% | 4.7% | 3.5% | 1.3% |
| Profit As % Of Networth | 13.6% | 14.8% | 10.9% | 9.0% | 11.7% | 16.2% | 17.3% | 12.5% | 21.1% | 17.7% | 16.9% | 11.9% | 8.9% | 7.1% | 5.1% | 1.9% |
| Interest Cost to EBITDA % | 1.4% | 1.9% | 2.2% | 2.4% | 3.3% | 2.9% | 4.4% | 12.6% | 13.8% | 15.8% | 16.3% | 19.8% | 18.9% | 20.0% | 22.5% | 24.0% |
| Debt to Equity Ratio | 0.03 | 0.04 | 0.05 | 0.03 | 0.03 | 0.13 | 0.09 | 0.39 | 0.78 | 0.75 | 0.67 | 0.67 | 0.56 | 0.51 | 0.44 | 0.51 |
| RONW | 14.6% | 16.0% | 11.5% | 9.5% | 15.6% | 17.6% | 19.0% | 17.9% | 23.6% | 19.7% | 18.5% | 12.8% | 8.9% | 8.3% | 6.0% | 1.9% |
| ROCE | 19.5% | 20.1% | 15.7% | 12.7% | 20.5% | 25.8% | 24.5% | 21.5% | 24.1% | 21.2% | 20.5% | 15.3% | 10.7% | 10.7% | 8.7% | 3.7% |



