DMart pivots to non-metros as same-store sales growth slows to 5.5% amid quick-commerce squeeze
Avenue Supermarts' like-for-like growth cooled to 5.5% from 7.1% as metro stores went flat under quick-commerce pressure. DMart is shifting focus to non-metro clusters, trimming DMart Ready to 11 cities from 24, and approved a ₹1,000 crore NCD raise. Revenue per sq ft fell 2.4% to ₹8,571.
DMart's same-store sales growth slowed to 5.5% as metro stores went flat amid quick-commerce competition; retailer pivots to non-metro clusters, trims DMart Ready to 11 cities, and approved ₹1,000 crore NCD raise.
Why this matters
DMart's Q1 PAT rose 12.8% to ₹936 crore with a ₹1,000-crore NCD cleared, but same-store growth cooling to 5.5% signals metro saturation, pushing a non-metro pivot and DMart Ready pullback.
Retail-company signals accelerating at +726200% QoQ.