• Latest
  • Trending
Avenue Supermarts Q3FY26 net profit up 18% at Rs 856 crore

DMart Parent to invest ₹500 crore more in online grocery business

Bloomberg expands crypto analytics to support Basel compliance for banks

Bloomberg expands crypto analytics to support Basel compliance for banks

Oracle Financial Services H1 net profit surges 78% to ₹2,118 crore

Oracle Financial Services H1 net profit surges 78% to ₹2,118 crore

IDFC FIRST Bank Q2 FY27 profit rises 196.5% to ₹1,045 crore

IDFC FIRST Bank Q2 FY27 profit rises 196.5% to ₹1,045 crore

AI discovers critical PHP flaws that could put millions of websites at risk

AI discovers critical PHP flaws that could put millions of websites at risk

Zetwerk shares make a strong stock market debut

Zetwerk shares make a strong stock market debut

Oracle and AstraZeneca explore AI collaboration to improve clinical trials and patient care

Oracle and AstraZeneca explore AI collaboration to improve clinical trials and patient care

LTM launches BlueVerse Industrial AI Lab in Chennai to accelerate enterprise AI adoption

LTM launches BlueVerse Industrial AI Lab in Chennai to accelerate enterprise AI adoption

 eMudhra security incident leads to global SSL/TLS business exit

 eMudhra security incident leads to global SSL/TLS business exit

Aurionpro and Mastercard partner to bring contactless payments to public transportation in North America

Aurionpro and Mastercard partner to bring contactless payments to public transportation in North America

Persistent Systems plans to raise ₹4,265 crore through QIP

Persistent Systems plans to raise ₹4,265 crore through QIP

Zomato and Blinkit parent Eternal sees strong profit growth

Zomato and Blinkit parent Eternal sees strong profit growth

Gold prices fall as oil rally fuels inflation fears ahead of Fed meeting

Gold prices fall as oil rally fuels inflation fears ahead of Fed meeting

  • Market
  • Commodity
  • Personal Finance
  • Data Story
  • News
  • Contact Us
Saturday, October 24, 2026
  • Login
Data Biz Times
No Result
View All Result
Data Biz Times
No Result
View All Result

DMart Parent to invest ₹500 crore more in online grocery business

in Market
Reading Time: 2 mins read
0
Avenue Supermarts Q3FY26 net profit up 18% at Rs 856 crore
Share on FacebookShare on Twitter

Athira Sethu

Kochi, 21 August 2026

Avenue Supermarts Ltd, the firm that owns the DMart retail chain, has authorized further investment in its e-grocery platform, Avenue E-Commerce (AEL), to a tune of ₹500 crore. The retailer runs its online grocery store business using the brand name DMart Ready.

The announcement has been made amid continuous investments by Avenue Supermarts in its online business despite the unit operating at a loss.

The investment authorization was done during the company’s Annual General Meeting on Wednesday. With this new investment, the total investment in Avenue E-Commerce might reach almost ₹2,000 crore. Out of this, ₹350 crore is the recent investment made in FY26.

The FY26 period has seen impressive growth in the revenue of Avenue E-Commerce. The revenue of Avenue E-Commerce grew 17 percent to ₹4,094 crore compared to ₹3,502 crore in the previous financial year.

But the losses have also been rising. The loss has gone up to ₹307 crore in FY26 from ₹247 crore in FY25.

DMart Ready also kept enhancing its home delivery services during the course of the year. The company increased its service coverage to 18 cities and also opened eight new fulfillment centers. Technology upgrades were made for the customer-facing platform as well as for the delivery services.

Despite its expansion, the company has now chosen to focus on 11 cities where the online business of DMart Ready is generated.

Anshul Asawa, MD & CEO of Avenue Supermarts, revealed that the company took a decision to focus on these 11 cities because their intention is to make DMart Ready into a viable online grocery business.

While the fresh capital of ₹500 crores proves that Avenue Supermarts is hopeful regarding the potential of online grocery shopping in the long run, the rising losses indicate that the company needs to improve its efficiency and profitability.

Related Posts

Bloomberg expands crypto analytics to support Basel compliance for banks

Bloomberg expands crypto analytics to support Basel compliance for banks

0

DBT Bureau Pune, 24 Oct 2026 Bloomberg announced that its Crypto Exposure Analytics now supports customers in assessing their compliance...

Zetwerk shares make a strong stock market debut

Zetwerk shares make a strong stock market debut

0

Athira Sethu Kochi, 24 October 2026 The shares of Zetwerk Manufacturing Business started trading on Friday for a 5% increase...

 eMudhra security incident leads to global SSL/TLS business exit

 eMudhra security incident leads to global SSL/TLS business exit

0

Athira Sethu, Kochi, 23 Oct 2026 The stocks of eMudhra Limited will continue to be in the limelight following an...

Persistent Systems plans to raise ₹4,265 crore through QIP

Persistent Systems plans to raise ₹4,265 crore through QIP

0

Athira Sethu Kochi, 22 Oct 2026 The shares of Persistent Systems Ltd. came under pressure on Thursday, October 22, following...

Bloomberg expands crypto analytics to support Basel compliance for banks
Market

Bloomberg expands crypto analytics to support Basel compliance for banks

0

DBT Bureau Pune, 24 Oct 2026 Bloomberg announced that its Crypto Exposure Analytics now supports customers in assessing their compliance...

Read moreDetails
Oracle Financial Services H1 net profit surges 78% to ₹2,118 crore
Business

Oracle Financial Services H1 net profit surges 78% to ₹2,118 crore

0

DBT Bureau Pune, 24 Oct 2026 Oracle Financial Services Software Limited,a majority-owned subsidiary of Oracle, announced results for the quarter...

Read moreDetails
IDFC FIRST Bank Q2 FY27 profit rises 196.5% to ₹1,045 crore
News

IDFC FIRST Bank Q2 FY27 profit rises 196.5% to ₹1,045 crore

0

DBT Bureau Pune, 24 Oct 2026 IDFC FIRST Bank reported a 196.5% year-on-year rise in Profit After Tax (PAT) to...

Read moreDetails
AI discovers critical PHP flaws that could put millions of websites at risk
Artificial Intelligence

AI discovers critical PHP flaws that could put millions of websites at risk

0

DBT Bureau Pune, 24 Oct 2026 AI is opening a new front in the cybersecurity battle after researchers uncovered critical...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Market
  • News
  • Data Story
  • Business
  • Media Release
  • Tech
  • Contact Us

Data Biz Times © 2024. All Rights Reserved.