{"id":59309,"date":"2022-08-18T13:30:00","date_gmt":"2022-08-18T08:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=59309"},"modified":"2022-08-18T13:28:15","modified_gmt":"2022-08-18T07:58:15","slug":"dmart-has-started-selling-pizzas-and-is-opening-more-stores-what-is-the-impact-on-its-share-price","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/dmart-has-started-selling-pizzas-and-is-opening-more-stores-what-is-the-impact-on-its-share-price\/","title":{"rendered":"Dmart has started selling pizzas, and is opening more stores! What is the impact on its share price?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4280246464\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Ace Investor Radhakishan Damani\u2019s supermarket chain Dmart (Avenue Supermarts Ltd) plans to boost its store count five-fold. The retail chain plans to grow its market share and compete with the likes of Mukesh Ambani\u2019s Reliance Retail Ltd. which is expanding aggressively. In addition, it is planning to scale up its online business, Dmart Ready.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2958833415\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Avenue Supermarts Ltd. currently owns the fourth largest number of convenience stores in India and is known for its knockdown prices on essentials. The management has declined to give a timeline or estimate the investment needed as of now.<\/p><p>In line with its objective, the company opened its highest-ever 50 stores in the year through March. According to researchers, the company wants to tap India\u2019s growing middle-class, which accounts for about 1.4 billion people. According to a report by brokerage Motilal Oswal, Dmart is likely to add 135 outlets by March 2024.<\/p><p>Inflation is heightened in the current situation and people look for more deals at this point. They want products at lower or competitive prices, and this helps a business like that of Dmart, said Neville Noronha, the Chief Executive Officer of the company.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2253854347\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Dmart has also started selling pizzas from one of its supermarkets and it might compete with the likes of Domino\u2019s Pizza Inc.&nbsp;<\/p><p>\u201cAs the economy grows, people have less time, they want comfort food,&#8221; said Noronha. \u201cWe believe we can offer the same high quality at significantly lower prices,&#8221; he added.<\/p><p>Radhakishan Damani, a self-made billionaire and founder of Dmart steered his supermarket empire to a stellar listing in 2017. Avenue Supermarts Limited reached a 52-week high of \u20b9 5900.00 apiece and a 52-week low of \u20b9 3186.00 apiece.&nbsp;<\/p><p>The company\u2019s share price has increased by 3.84% in the past five days and by 12.43% in the past month. However, its share price fell by more than 18% in the month of May amid a broader market correction led by FII selling. From that point, its shares have gained 37.4%. They are trading at \u20b9 4430 levels currently.<\/p><p>Dmart has a hybrid model unlike Amazon and Big Basket which rely on delivery-based distribution models. Dmart\u2019s online venture is like a neighbourhood store. It has small stores where customers can pick up products they have ordered online. Currently, it has about 284 supermarkets that have generated a revenue of \u20b9 27,454 per square foot, almost three times that of its rivals in India.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-4061282409\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-329555416\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Ace Investor Radhakishan Damani\u2019s supermarket chain Dmart (Avenue Supermarts Ltd) plans to boost its store count five-fold. The retail chain plans to grow its market share and compete with the likes of Mukesh Ambani\u2019s Reliance Retail Ltd. which is expanding aggressively. In addition, it is planning to scale up its online business, Dmart Ready. Avenue [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":42751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-59309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dmart has started selling pizzas, and is opening more stores! 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