On comeback trail, weight of expectations may trip up DMart

The supermarket chain seems to have turned a corner in recent months. While it has a lot going for it, a return to its glory days may still be some way off.

Last week, supermarket chain DMart found itself back in the news after a while. It was named as a suitor—alongside Reliance Retail—for 24Seven, the Rs 400 crore, 150-store grocery business of cigarette maker Godfrey Phillips. 

Unlike the Rs 3 trillion acquisition-hungry Reliance Retail, DMart is not known to prefer inorganic growth. Any acquisition would be breaking new ground. 

Inorganic or otherwise, growth is an imperative for DMart. More so when the pandemic years stunted its revenue growth and stock returns. Since hitting a peak of Rs 5,324 on 14 October 2021 during the COVID-19 relief rally, the stock has done …

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Ujval Nanavati

Ujval leads our Business vertical at The Morning Context. In a corporate career spanning 14 years, he has worked across startups, consulting firms, multinational corporations and large Indian companies, including India Infoline, ICICI, KPMG, Tata Steel and Jubilant Pharma. Ujval has been a freelance writer and trainer for eight years, with bylines in Forbes India and The Economic Times.

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