D-Mart opens 500th store after record 85 openings in FY26
Business
D-Mart just opened its 500th store, rolling out 12 new outlets across Maharashtra, Gujarat, Tamil Nadu, and Odisha.
March alone saw them add 47 stores, capping off a record-breaking year with 85 new locations in fiscal 2026.
D-Mart stock up over 8%
News of the expansion sent D-Mart's stock up more than 8% on April 1; clearly, investors are impressed.
Facing tough competition from online grocery apps like Blinkit and Instamart, D-Mart has started leasing spaces instead of buying land to open stores faster.
Even with these changes, CEO Navil Noronha sounded hopeful about the company's future. Their third-quarter fiscal 2026 revenue was over ₹18,100 crore.