DMart lifts store count to 518 as Q2 revenue rises 18.4% to ₹19,206 crore

DMart’s update confirmed continued physical expansion even as festive timing shifted later this year. The company has prioritised store additions to lock long-term cash flow over near-term free cash generation.

At the till the number means more private-label SKUs fighting for shelf space against national brands that are holding MRP hikes. A kirana next door loses the bulk rice and oil basket when a new DMart opens within two kilometres and undercuts on pack size.

Store count rose to 518 while revenue climbed 18.4 per cent.

The print helps landlords and logistics partners but squeezes smaller value chains already cutting same-store guidance. Quick-commerce dark stores feel the volume pressure on high-frequency grocery as DMart deepens its own hyperlocal reach via existing stores.

Watch the full Q2 results and any commentary on same-store sales growth once the October-December festive window closes; management visibility already stretches toward 2,200 stores.