Avenue Supermarts Limited: World’s Most Expensive Retail Store
Avenue Supermarts Limited is a private owned company which is head quartered in Mumbai, India. It is incorporated in the year 2000 which owns and operates hypermarkets and supermarkets DMarts. They aims to offer customers a wide range of basic home and personal products under one roof.
The company mainly focuses on the business of a wide variety of home utility products including foods, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and much more. The general merchandise products are bed and bath products, home appliances, furniture, crockery, plastic goods, garments and footwear.
It has 132 stores across India. DMart owned by the Avenue Supermarts Ltd is one of the largest and profitable retailer of household needs. Their aims is to keep customer satisfaction at high level by providing goods at most reasonable price.
Avenue Supermarts Ltd which runs the chain DMarts which is the world expensive retail stock. Their share rose to 114.30%. Its stock had touched a high price of Rs. 806. 80 achieving a market capital of Rs 50,351.13 crore. They reported 47. 4% y-o-y net profit during the 4th quarter of 2017. Its total revenue was up 40.5% to Rs3,120.5 crore from Rs2,219.67 crore in the year-ago period.