RK Damani-backed DMart completes 5 years of listing on exchanges; shares gain more than 500% during this period

Radhakishan Damani-backed DMart completed five years of its listing on the NSE on Monday, March 21, 2022. Shares of DMart, owned & operated by Avenue Supermarts Ltd, were trading with more than 1% loss or lower by Rs 52 to 4142 around 12 pm on the BSE on Monday.  

DMart, a one-stop supermarket chain that aims to offer customers a wide range of basic home and personal products under one roof, was started by Radhakishan Damani and his family. Shares of DMart were listed on the exchanges on March 21, 2017.  

Congratulations DMart (owned & operated by Avenue Supermarts Ltd.) on completing 5 years of being listed on NSE.#NSE #Nifty50Company #ThisDayThatYear #StockMarket #ShareMarket pic.twitter.com/Wck1RU0hFN

— NSEIndia (@NSEIndia) March 21, 2022

Radhakishan Damani and his family holds 65.2% stake in Avenue Supermarts as on December 2021, showed shareholding patterns of the company.  

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How shares have fared in past 5 years 

As on March 21, shares of this supermarket chain showed nearly 40% upside in one year, over 100% in two years and has been consistently yielding good return since their listing.  

DMart stock has multiplied investors' money by more than 5 times since its listing on the exchanges. The stock gained over 540% in the past 5 years as on March 21, showed technical data of the stock.  

DMart store stocks home utility products - including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and more. 

Since the launch of its first store in Powai in 2002, DMart today has a well-established presence in 263 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.  

As per the December 2021 corporate shareholdings, Radhakishan Damani publicly holds 14 stocks with a net worth of over Rs. 179,995.3 crore, as per trendlyne.com. 

Earlier, Radhakishan Damani promoted Avenue Supermarts standalone profit rose by 24.6 per cent to ₹586 crore during October-December 2021 quarter year-on-year. 

It had posted standalone net profit of Rs 1,150 crore for the first nine months of the current financial year, which is 57.4 per cent higher when compared with the same period last year.