Page 44 - Forbes - Asia (September 2018)
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             Shopping Sensation







             Thanks to its “everyday low prices” model, Avenue Supermarts storms into the Fab 50.

             BY ANURADHA RAGHUNATHAN


                   t didn’t take long for Indian         Thanks to a 31% increase in revenue          billion and making Avenue one of the
                   retailer Avenue Supermarts to         and a 75% jump in net profit over its         world’s most valuable hypermarket
                   break into the Fab 50. It listed      previous fiscal year, Avenue had no           companies. It runs supermarket chain
                   its shares in March of last year,     trouble joining the elite ranks.             DMart, which sells everything from
          I so it’s eligible for the list for               Investors agree—they’ve bid up the        groceries and apparel to toys and games
           the first time because companies must          stock by 66% in the past year, push-         and generated $2.3 billion in revenue
           be publicly traded for at least a year.       ing the market capitalization to $14.1       for the year ended March 31. “DMart




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