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The outlier

D-Mart: Can Dalal Street’s most precious beat all odds?

D-Mart managed to grow when the industry was collapsing, unscathed by the first wave of e-commerce. Now, as online players eye India’s brick and mortar space and partner with domestic players, what’s D-Mart up to?

20/09/18

Sidhartha Shukla

Retail company D-Mart is doing well. It has a CAGR of 38% and its profits have grown at a rate of 54%

D-Mart has negligible debt on its books and is profitable in one of the world’s most cut-throat markets

But the retail landscape in India is rapidly changing. E-commerce is partnering with local brick and mortar shops

Can D-Mart stay relevant? Will it follow the crowd?

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Over the past decade, India’s organised retail sector has been collapsing like a house of cards.

  • 2009 – Most stores of Vishal Retail were closed down due to misallocation of capital by its management.

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