Latest news with #RadhakishanDamani
Business Recorder
11-07-2025
- Business
- Business Recorder
Indian supermarket chain DMart's Q1 profit falls as competition, higher costs bite
India's Avenue Supermarts, which operates the DMart chain of supermarkets, reported a small decline in first-quarter profit as higher operating costs and rising competition from quick commerce players ate into margins. Consolidated net profit dropped to 7.73 billion rupees ($90.12 million) in the three months to June-end from 7.74 billion a year earlier. Sales grew 16% in the quarter. Analysts have flagged weakness in DMart's first-quarter sales growth, provided in a business update before results, cautioning about sustained margin pressure ahead as rivals, including online shopping platforms, gain ground. Quick-commerce platforms such as Zepto, Eternal's BlinkIt and Swiggy's Instamart, which deliver items in as little as ten minutes, are increasingly attracting tech-savvy customers by subsidizing delivery and offering discounts. DMart's profit after tax margin stood at 4.7% in the first quarter of fiscal 2026, compared to 5.5% last year. The company attributed the decline in gross margins to 'continued competitive intensity' in the consumer products space. Operational costs rose due to capacity building efforts and wage inflation, DMart said. The retailer, founded by billionaire investor Radhakishan Damani, also competes with brick-and-mortar supermarkets owned by Mukesh Ambani's Reliance Industries and Vishal Mega Mart. It utilizes a low-cost, low price strategy where it procures goods at competitive prices and sells them at heavily discounted rates, making it especially lucrative for budget-conscious and bulk buyers.
Hindustan Times
11-07-2025
- Business
- Hindustan Times
Supermarket chain DMart's Q1 profit falls as competition, higher costs bite
India's Avenue Supermarts, which operates the DMart chain of supermarkets, reported a small decline in first-quarter profit as higher operating costs and rising competition from quick commerce players ate into margins. DMart's profit after tax margin stood at 4.7% in the first quarter of fiscal 2026, compared to 5.5% last year.(Pixabay/Representative) Consolidated net profit dropped to 7.73 billion rupees ($90.12 million) in the three months to June-end from 7.74 billion a year earlier. Sales grew 16% in the quarter. Analysts have flagged weakness in DMart's first-quarter sales growth, provided in a business update before results, cautioning about sustained margin pressure ahead as rivals, including online shopping platforms, gain ground. Quick-commerce platforms such as Zepto, Eternal's BlinkIt and Swiggy's Instamart, which deliver items in as little as ten minutes, are increasingly attracting tech-savvy customers by subsidizing delivery and offering discounts. DMart's profit after tax margin stood at 4.7% in the first quarter of fiscal 2026, compared to 5.5% last year. The company attributed the decline in gross margins to "continued competitive intensity" in the consumer products space. Operational costs rose due to capacity building efforts and wage inflation, DMart said. The retailer, founded by billionaire investor Radhakishan Damani, also competes with brick-and-mortar supermarkets owned by Mukesh Ambani's Reliance Industries and Vishal Mega Mart. It utilizes a low-cost, low price strategy where it procures goods at competitive prices and sells them at heavily discounted rates, making it especially lucrative for budget-conscious and bulk buyers. ($1 = 85.7700 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru; Editing by Leroy Leo)
News18
04-07-2025
- Business
- News18
Trent Shares Crash 11%: Radhakishan Damani Takes Rs 310 Crore Hit As Tata Stock Slumps
Ace Dalal Street investor Radhakishan Damani suffered a setback of over Rs 310 crore after shares of Trent Ltd tumbled 11%; Know why
Time of India
03-07-2025
- Business
- Time of India
Radhakishan Shivkishan Damani portfolio: Ace investor's NSE stake hits Rs 9,300 crore ahead of IPO; exchange becomes his No. 2 holding by value after DMart
As the National Stock Exchange (NSE) moves closer to its long-awaited IPO, ace investor Radhakishan Damani 's early-stage investment in the bourse is delivering massive paper gains. His 1.58% stake—equivalent to 3.91 crore shares—is currently valued at around Rs 9,300 crore in the unlisted market, based on the latest grey market price of Rs 2,389 per share. This makes NSE Damani's second-largest holding by value, trailing only Avenue Supermarts ( DMart ), the retail major he founded, and placing it ahead of other notable portfolio bets such as Trent (Rs 2,788 crore) and VST Industries (Rs 1,560 crore). While it remains unclear whether Damani plans to offload any of his NSE shares during the IPO, the listing is poised to become a significant catalyst for his overall net worth, according to an ET report. The NSE stake stands out in a portfolio best known for high-conviction plays in consumer-facing sectors. Damani's core holding in DMart is currently valued at Rs 1.92 lakh crore. His investment in NSE reflects a broader strategic shift into financial infrastructure—low-noise, high-value assets with long-term tailwinds. As per data available for March 2025, Damani's portfolio across 12 publicly disclosed companies stands at over Rs 1.99 lakh crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo The NSE holding, now nearing Rs 10,000 crore in value, could add a powerful new dimension to that tally once the exchange is listed. The NSE IPO is expected to attract strong investor interest, given the exchange's dominant market share in cash equities, robust financials, and the resolution of key regulatory hurdles. The exchange received SEBI's green light to file its Draft Red Herring Prospectus (DRHP), with a potential listing likely by the final quarter of FY26. While legacy issues such as co-location and dark-fibre access had delayed NSE's IPO plans in the past, the resolution of these concerns has cleared the way for a formal listing process. Analysts expect strong demand for the issue, driven by the scarcity of listed plays in the financial infrastructure space. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
03-07-2025
- Business
- Time of India
MobiKwik arm gets Sebi nod to operate as stock broker
One MobiKwik Systems broking arm, Mobikwik Securities Broking Private Limited (MSBPL), has received regulatory approval from the Securities and Exchange Board of India ( Sebi ) to act as a stockbroker/clearing member. One MobiKwik Systems wholly-owned subsidiary will now be able to carry on the activities of buying, selling, dealing, clearing and settlement of equity trades. In an exchange filing on Thursday, Mobikwik Securities said that it received Sebi's certificate of registration on Tuesday, July 1. The announcement positively triggered the stock price as One MobiKwik Systems shares jumped nearly 4% to hit the day's high of Rs 250.80 on the NSE. Aslo read: Rs 9,300 crore stake! NSE IPO to unlock massive value for billionaire Radhakishan Damani Live Events Since its inception, MobiKwik has transformed from a digital payments company into a diverse fintech platform. The company operates a consumer payments business with a network of over 17.64 crore users and 46 lakh merchants. The company filing claimed that its credit distribution business is expanding "rapidly" while its wealth distribution vertical is building traction through a diverse product portfolio, including fixed deposits (FDs), mutual funds (MFs), Systematic Investment Plans (SIPs), Digital Gold and Commenting on the development, MobiKwik's Co-founder, MD & CEO Bipin Preet Singh said that the license will strategically position MobiKwik to accelerate growth in its wealth distribution vertical and broaden its offerings throughout the capital markets ecosystem. This will reinforce its transformation into a comprehensive fintech platform, he added. This marks MobiKwik Group's second certificate during the current quarter. Earlier in April, Zaak ePayment Services Private Limited (Zaakpay) received a Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. ETMarkets WhatsApp channel )
