We continue to grow our presence in the organised retail sector, driven by the
expansion of our store footprint, accompanied by consistent growth across financial and
operational metrics. Over the course of FY 2023-24, we opened 41 new stores thus taking
our total store count to 365.
Dear Shareholders,
At DMart, we continue to be committed to providing our customers with good quality
products at great value. With our dedication to offering the best value for every rupee
spent, we ensure that each shopping experience with us is not only satisfying but also
economically rewarding to the customers. As we reflect on the past financial year, I am
pleased to see that our dedication to this mission has resulted in sustained growth across
our key financial metrics. This serves as a testament to the strength of our strategy and
the execution capabilities of our team.
Marco Economic Overview
Despite facing several global macroeconomic challenges, supply chain disruptions and
volatile commodity markets, Indian economy remained resilient. The structural robustness
of its economy, favourable government initiatives, and strong private consumption patterns
helped the economy to continue its growth trajectory.
Company Performance
We continue to grow our presence in the organised retail sector, driven by the
expansion of our store footprint, accompanied by consistent growth across financial and
operational metrics. Over the course of FY 2023-24, we opened 41 new stores thus taking
our total store count to 365.
This trajectory showcases our commitment to enhancing our presence through a
cluster-based expansion strategy.
Serving the Society
As we continue to expand and evolve, we remain cognisant of our duty to society and the
environment, and we remain fully committed to fulfilling this responsibility.
In furtherance of this goal, we continued to pursue green building certifications for
our buildings while investing in renewable energy, among several other eco-friendly
practices. Through our social commitments, we continue to support the public education
system.
Our programme supported students from 10 Municipal Corporations and 2 Zilla Parishads.
We cover more than 300 Government/ Municipal/Zilla Parishad Schools (Public Schools)
across these cities/towns positively impacting more than 136,000 students. Our support
also continues to several external institutions which are running impactful programmes to
support the economically and socially disadvantaged in the areas of education, healthcare,
environment, and nutrition.
Looking forward
Given India's long-term growth potential, as well as our Company's ability to scale and
meet the needs of million of Indians with our value proposition, I remain confident of the
progress and growth of your Company. I seek your valuable support in this journey.
I want to extend my heartfelt gratitude to all our shareholders for their continued
trust in us and our core values. To our employees, I express my sincere appreciation for
their focus, passion, and dedication, which enable us to serve our customers, whether in
good times or challenging times.
Best regards,
Chandrashekhar Bhave
Chairman.