Retail

Avenue Supermarts plans ₹10 billion bond sale for stores

Largest-ever domestic debt raise funds capex and new DMart outlets as same-store growth stays uneven.

Meera Iyer, Retail correspondent·26 August 2026·4 min read

Wide supermarket aisle with stacked grocery cartons under bright overhead lights

Avenue Supermarts, operator of DMart, is preparing to raise up to ₹10 billion through a domestic bond issue, its largest ever, people familiar said on 25 August. Proceeds will fund capital expenditure including new store openings. Bankers have been sounded out on tenor and coupon as corporate debt sales pick up.

Avenue Supermarts plans a record ₹10 billion rupee bond sale to support store expansion and other capex. The supermarket chain has approached bankers and is finalising terms, according to reports dated 25 August.

Shop-floor maths is straightforward: every new store needs fit-out, inventory and working capital before the first bill cut. A kirana competing nearby feels the price pressure once DMart opens; the till has to match everyday low prices or lose volume.

Proceeds will be used for capital expenditure including opening new stores.

The raise helps DMart keep adding boxes while rivals pour money into dark stores. It also signals confidence that organised grocery still has runway in tier-2 and beyond even as quick commerce crowds metros.

Watch the final terms and allotment in the coming weeks, then the festive quarter store-open run-rate and any update in the next earnings filing.

Filed under Retail·Meera Iyer

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