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D-Mart has steadily increased its retail presence throughout India over the last five years. The company's strategy is centred on a cluster-based approach, giving new shop openings in markets where it is a priority. Before expanding into new areas, management emphasised that this strategy maximises market penetration and assures operational efficiency.
- Added 191 new stores in the last five years
- Increased the presence in the number of states form just 4 in 2017-18 to 11 in 2023-24
- DMart ready expanded from 1 city in 2016-17 to 23 cities in 2023-24
In the fiscal year leading up to July 2024, D-Mart opened 41 new stores, consistent with the trend of adding 40-45 stores annually in previous years.
Management noted, "While we do not provide forward-looking statements, we are prepared to maintain or slightly increase this rate of store additions in the future, depending on regulatory approvals and market conditions."
