Dmart triangle pattern breakoutThe Radhakishan Damani-promoted retail chain recently shared its quarterly business update with the stock exchanges, wherein it revealed that its standalone revenue for the quarter came in at Rs 9,065 crore compared with Rs 7,432.69 crore in the same quarter last year, up 22 per cent.
DMart operated 263 stores as of December 31, the company said in a brief filing.
"DMart remains a structural story on consumer shift towards organised retail in Food and Grocery. It has a huge runway of growth given current estimated store potential is 5.5 times its current size in existing catchments, consolidated modern trade with three large players and established own store model with tight control on cost.
