Retail
Avenue Supermarts raises ₹300 crore via commercial paper
DMart parent taps short-term debt on 9 September to fund ongoing store expansion while same-store growth stays measured.
Meera Iyer, Retail correspondent··4 min read
The CP raise is the latest in a series of short-term borrowings DMart has used to keep capex moving without diluting equity. The company has steadily added stores while reporting mid-teens revenue growth in recent quarters.
On the shop floor the money lands as new tills and back-room inventory. A fresh DMart in a growing suburb still pulls the weekly bulk shop that dark stores cannot match on price per kilo, protecting private-label penetration even when sugar and staples face temporary caps.
DMart parent raises ₹300 crore commercial paper to keep expansion funded.
The raise helps DMart stay ahead of V-Mart and other value players on location density while giving suppliers steadier offtake. It also signals to landlords that the big-box grocery cheque remains reliable despite Amazon Now and Flipkart Minutes adding dark stores.
Next watch is the Q2 store-addition number and any festive same-store update. If the new paper converts into openings before Diwali, the chain keeps its volume advantage into the high season.