DMart shrinks e-commerce footprint to 11 metros as quick-commerce war heats up
Avenue Supermarts discontinued DMart Ready in seven marginal cities to concentrate on 11 metros amid intensifying rivalry from Amazon, Flipkart, Zepto and Swiggy. Q1 net income of 9.3 billion rupees missed estimates on revenue of 183.43 billion rupees; total stores rose to 503 with 3 new additions.
DMart shut e-commerce operations in seven marginal cities, focusing DMart Ready on 11 metros amid intensifying quick-commerce competition from Amazon, Flipkart, Zepto and Swiggy. Q1 net income missed estimates; total stores rose to 503.