AJVC Unfiltered 57: Can DMart Show Indian Retail a Profitable Future?

<p>Last fortnight, DMart reported ₹11.3K Cr of quarterly revenue, clocking a 25% YoY growth, putting it on track for ~₹40K Cr of annual revenue.&nbsp;</p> <p>Radhakishan Damani was a stock trader in Dalal Street. In the 80s, he was head-to-head with Harshad Mehta. Mr D lost big with Apollo Tyres - his first encounter with Harshad. But Damani is not a man to accept defeat easily.</p> <p>Damani learnt the art of trading under Manu Manek - the cobra of D-Street. By the turn of the century, Damani was doing significantly well for himself as a trader.&nbsp;</p> <p>He had won the battle against Harshad, been a value investor alongside Rakesh Jhunjhunwala, and an early predictor of HDFC Bank's supreme success. &nbsp;Yet, he felt anxious to start a business that brought value to Indian consumers for every rupee they spent.</p> <p>D-Mart was born, with its first store in Powai. Since then, it took eight years to grow to 10 stores, but only 5 years for the next 50 stores. It IPOed in 2017, and thereafter never touched the offer price again.&nbsp;</p> <p>With strong unit economics, focus on frugality and high customer satisfaction, will DMart continue being the blue-eyed boy of Dalal Street? &nbsp;</p> <p>Read full article here: <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqazQzdHY3WnB5cFNUWVFZZXRGc0RSWWdEYXNsQXxBQ3Jtc0trZ3IyTjZZdXBmU3RPMENwbFhIM2ZxU1NfV3JrYXdxeTVnVUxTNGtQclhDUEx4YURiRkFsMjhGN1VoczhKTmcyQjlzM0VOampkaThEWkV3cXp6SFVBQVZ1eWRUWFVZUF9SSTNiTE8yUjRaMWUyYXFjYw&amp;q=https%3A%2F%2Fajuniorvc.com%2Fdmart-ipo-story-case-study-profitability-harshad-mehta-damani-avenue-supermarts%2F&amp;v=6nxYpFI41KI" rel="nofollow" target="_blank">https://ajuniorvc.com/dmart-ipo-story...</a></p>